Funding you earn now, next payment 03:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.031%
Price spread now: Nado against Backpack−0.082%7-day average −0.042% · 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−$46as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Funding, last 3 days (all we have)−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.082%, 7d avg −0.042%
=Together, before fees+0.171%+ Points / potential airdropNado: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.040% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack WLD_USDC_PERP | 0.4637 | 0.0100 | pay 0.0013% / 1h | 32m 58s | $137K | $290K | 10x |
| Short | Nado WLD-PERP | 0.4633 | 0.0026 | get 0.0003% / 1h | 32m 58s | $268K | $187K | 5x |
Backpack WLD_USDC_PERP
Nado WLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.63
- Price spread: −0.082% → −0.042%
- −$3.96
- Slippage, 4 orders
- −$25.46
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$62.04
- Costs to cover
- 0.425%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 30 min ago; Nado: live order book, 30 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 Backpack live order book, 30 min ago | 0.86 bp | 6.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 30 min ago | 7.36 bp | 10.9 bp −$11 | 29.2 bp −$292 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0134% | 8h | 0.4632 | −0.104% | $57K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0040% | 8h | 0.4636 | −0.017% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4635 | −0.048% | $165K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4636 | −0.017% | $120K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4636 | −0.023% | $56K | — | 150x | as long as short |
| Nado WLD-PERPshort | +0.0026% | 1h | 0.4633 | −0.082% | $268K | $187K | 5x | |
| Orderly PERP_WLD_USDC | +0.0073% | 8h | 0.4636 | −0.017% | $28K | $893K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0096% | 1h | 0.4633 | −0.073% | $331 | $80 | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4636 | −0.014% | $174K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4635 | −0.033% | $49K | $511K | 5x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
01 Exchange WLDUSD
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4635 | −0.048% | $88.0M | $324.9M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4634 | −0.060% | $66.2M | $87.9M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4634 | −0.060% | $35.0M | $149.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4637 | +0.004% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4638 | +0.026% | $45.9M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4636 | −0.017% | $30.6M | $29.5M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4636 | −0.017% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERPlong | +0.0100% | 1h | 0.4637 | long leg | $137K | $290K | 10x | |
| Variational Omni WLD | +0.0100% | 8h | 0.4633 | −0.091% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4635 | −0.034% | $28K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4634 | −0.060% | $609K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4643 | +0.134% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4636 | −0.017% | $54K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4640 | +0.069% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4636 | −0.017% | $290 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4641 | +0.091% | $848K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4637 | +0.004% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4635 | −0.035% | $213K | $927K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4635 | −0.036% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4636 | −0.024% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4625 | −0.263% | $5K | $57K | 10x | as long as short |
| Lighter WLD | +0.0200% | 1h | 0.4643 | +0.129% | $5.0M | $2.3M | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4638 | +0.026% | $5.0M | $805K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4636 | −0.023% | $5K | — | 100x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0480% | 1h | 0.4624 | −0.276% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLD | +0.0490% | 1h | 0.4643 | +0.134% | $51.7M | $42.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4616 | −0.449% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0893% | 1h | 0.4639 | +0.053% | $902K | $2.9M | 50x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Lighter WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Coinbase International WLD-PERP-INTX
Hyperliquid WLD
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD