Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h —

Price spread now: Reya against Nado+0.039%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.039% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4521	−0.0035	get 0.0004% / 1h	51m 40s	$236K	$167K	5x
Short	Reya WLDRUSDPERP	0.4523	0.0134	get 0.0017% / 1h	51m 40s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.039%Rate

Funding earned: $35.49
Price spread: +0.039% → 0.000%: $3.85
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $26.34
Costs to cover: 0.130%
Break-even: 1.8 days

Slippage unknown: Nado: live order book, 51 min ago; Reya: no order-book sample. Net counts fees only.

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, 51 min ago	7.28 bp	12.6 bp −$13	33.1 bp −$331	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.4524	+0.066%	$6K	$185K	5.5x	as long as short
Nado WLD-PERPlong	−0.0035%	1h	0.4521	long leg	$236K	$167K	5x
dYdX WLD-USD	0.0000%	1h	0.4520	−0.020%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	0.000%	$56K	$4.7M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4523	+0.042%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4523	+0.044%	$27K	$726K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4528	+0.156%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4528	+0.158%	$49K	$534K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4526	+0.111%	$86.7M	$333.5M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4524	+0.066%	$64.3M	$89.2M	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	0.4526	+0.111%	$34.3M	$151.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4528	+0.155%	$7.1M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4531	+0.221%	$40.1M	$55.9M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4529	+0.177%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4531	+0.221%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4530	+0.199%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4529	+0.184%	$131K	$295K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4508	−0.295%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4518	−0.067%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4533	+0.258%	$598K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4515	−0.133%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4523	+0.049%	$53K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4529	+0.177%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4526	+0.111%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.022%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4527	+0.133%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4531	+0.217%	$208K	$945K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4525	+0.097%	$31K	$500	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4523	+0.039%	—	—	20x
Lighter WLD	+0.0176%	1h	0.4536	+0.332%	$4.9M	$2.8M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4526	+0.108%	$5K	$43K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	+0.0192%	1h	0.4525	+0.088%	$140K	$979K	25x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4523	+0.038%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4518	−0.066%	$4.8M	$906K	75x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4527	+0.124%	$324	$55	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4529	+0.177%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0449%	1h	0.4536	+0.336%	$50.4M	$43.9M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4527	+0.142%	$870K	$2.8M	50x	as long as short