Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.014%

Price spread now: KuCoin against Nado+0.079%7-day average +0.002% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.079%, 7d avg +0.002%

Together, before fees−0.059%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.077% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4452	−0.0147	get 0.0018% / 1h	45m 10s	$234K	$159K	5x
Short	KuCoin WLDUSDTM	0.4456	0.0052	get 0.0052% / 8h	5h 45m	$6.6M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.079%Rate

Funding earned: $41.85
Price spread: +0.079% → +0.002%: $7.65
Slippage, 4 orders: −$39.03
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.53
Costs to cover: 0.580%
Break-even: 8.4 days

Slippage from Nado: live order book, just now; KuCoin: live order book, 1 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, just now	3.82 bp	14.3 bp −$14	32.4 bp −$324	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	2.24 bp	19.8 bp −$20	41.8 bp −$418	doesn't fit	doesn't fit

WLD on 38 exchanges

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
Polymarket Perps WLD-USD	−0.0226%	1h	0.4454	+0.029%	$46K	$2.6M	10x	as long as short
Deribit WLD_USDC-PERPETUAL	−0.0198%	1h	0.4458	+0.124%	$101K	$1.1M	25x	as long as short
Kraken Futures PF_WLDUSD	−0.0194%	1h	0.4459	+0.150%	$855K	$2.6M	50x	as long as short
Bybit WLDUSDT	−0.0153%	8h	0.4457	+0.101%	$63.7M	$84.9M	50x	as long as short
Nado WLD-PERPlong	−0.0147%	1h	0.4452	long leg	$234K	$159K	5x
Gate WLD_USDT	−0.0106%	8h	0.4456	+0.079%	$7.0M	$31.2M	75x	as long as short
01 Exchange WLDUSD	−0.0056%	1h	0.4460	+0.157%	$319	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4456	+0.079%	$67K	$4.2M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4459	+0.136%	$64K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.550%	$6K	$185K	5.5x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	+0.0007%	1h	0.4459	+0.150%	$152K	$31K	10x	as long as short
KuCoin WLDUSDTMshort	+0.0052%	8h	0.4456	+0.079%	$6.6M	$10.4M	50x
Phoenix WLD	+0.0053%	1h	0.4456	+0.090%	$4K	$40K	10x	as long as short
Variational Omni WLD	+0.0067%	8h	0.4458	+0.132%	$2.0M	$1.4M	—	as long as short
Orderly PERP_WLD_USDC	+0.0088%	8h	0.4456	+0.079%	$27K	$332K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4461	+0.195%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4462	+0.222%	$49.5M	$29.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4460	+0.167%	$209K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4456	+0.079%	$58K	$501K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4457	+0.101%	$84.6M	$313.3M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4457	+0.101%	$33.9M	$140.9M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4458	+0.124%	$41.7M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4455	+0.056%	$29.3M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4457	+0.101%	—	$55.6M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4461	+0.195%	$129K	$275K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4462	+0.211%	$27K	$323K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4463	+0.239%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4464	+0.258%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4460	+0.168%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4457	+0.101%	$233	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4456	+0.079%	$818K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4460	+0.168%	$1.7M	$3.5M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4454	+0.034%	$210K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4459	+0.142%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4453	+0.020%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4459	+0.150%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4456	+0.079%	$4.7M	$906K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4461	+0.191%	$271K	$967K	50x	as long as short