Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h −0.024%

Price spread now: Kalshi against Nado−0.188%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.958%+$96 · spread now −0.188%, 7d avg −0.092%

Together, before fees+0.966%+ Points / potential airdropNado: Active · farm board+$97 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.096% cheaper against Nado than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4522	−0.0009	get 0.0001% / 1h	9m 43s	$235K	$175K	5x
Short	Kalshi KXWLDPERP	0.4514	0	get 0.0000% / 8h	4h 09m	$51K	$4.6M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee KalshibpOrdersPrice spread, now −0.188%Rate

Funding earned: $1.79
Price spread: −0.188% → −0.092%: −$9.62
Slippage, 4 orders: −$35.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$60.42
Costs to cover: 0.526%
Break-even: 243.0 days

Slippage from Nado: live order book, 28 min ago; Kalshi: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 28 min ago	5.42 bp	17.2 bp −$17	35.3 bp −$353	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	3.32 bp	8.3 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit

WLD on 38 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WLD/USDC PERP	−0.0309%	1h	0.4508	−0.321%	$6K	$185K	5.5x	as long as short
Nado WLD-PERPlong	−0.0009%	1h	0.4522	long leg	$235K	$175K	5x
dYdX WLD-USD	0.0000%	1h	0.4519	−0.086%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4514	−0.188%	$51K	$4.6M	1.7x
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4522	−0.010%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4524	+0.033%	$27K	$662K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4521	−0.022%	$229K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4521	−0.034%	$54K	$543K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4522	−0.011%	$86.7M	$333.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4519	−0.077%	$63.9M	$89.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4520	−0.055%	$34.2M	$151.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4520	−0.055%	$7.0M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4521	−0.033%	$41.8M	$57.1M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4518	−0.100%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4520	−0.055%	$29.9M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4520	−0.055%	—	$20.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4525	+0.064%	$132K	$297K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4505	−0.388%	$2.0M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4513	−0.215%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4523	+0.008%	$595K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4523	+0.011%	$48K	$238K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4524	+0.033%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4523	+0.011%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4524	+0.033%	$219	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.055%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4524	+0.033%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4520	−0.057%	$208K	$880K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.055%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4524	+0.031%	—	—	20x	as long as short
Phoenix WLD	+0.0177%	1h	0.4521	−0.031%	$4K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4525	+0.055%	$136K	$986K	25x	as long as short
01 Exchange WLDUSD	+0.0216%	1h	0.4523	+0.013%	$324	$55	5x	as long as short
Lighter WLD	+0.0216%	1h	0.4527	+0.095%	$4.9M	$2.9M	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4522	−0.010%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4509	−0.299%	$4.8M	$896K	75x	as long as short
Hyperliquid WLD	+0.0400%	1h	0.4524	+0.042%	$50.3M	$43.0M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4527	+0.100%	$269K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4526	+0.087%	$867K	$2.8M	50x	as long as short