Funding you earn now, next payment 11:00 UTC−0.0358%/8h= −39.2% APRnext payment −$0.45 per $10,000 · paid last 24h −0.069%
Price spread now: Nado against GMX−0.147%172s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Nado is 0.147% cheaper against GMX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 172 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX WLD/USD [ETH-USDC] | 0.4463 | L +0.0218% / S −0.0967% | pay 0.0027% / 1h | 49m 01s | $4K | — | 100x |
| Short | Nado WLD-PERP | 0.4456 | −0.0140 | pay 0.0017% / 1h | 49m 01s | $234K | $159K | 5x |
GMX WLD/USD [ETH-USDC]
Nado WLD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against GMX. 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
- −$75.2
- Price spread: −0.147% → 0.000%
- −$14.7
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$108.9
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Nado: live order book, 61 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 61 min ago | 8.92 bp | 12.6 bp −$13 | 27.8 bp −$278 | doesn't fit | doesn't fit |
GMX: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit WLD_USDC-PERPETUAL | −0.0199% | 1h | 0.4456 | −0.158% | $101K | $1.1M | 25x | as long as short |
| Kraken Futures PF_WLDUSD | −0.0194% | 1h | 0.4459 | −0.095% | $854K | $2.6M | 50x | as long as short |
| Nado WLD-PERPshort | −0.0140% | 1h | 0.4456 | −0.147% | $234K | $159K | 5x | |
| Bybit WLDUSDT | −0.0133% | 8h | 0.4453 | −0.225% | $63.6M | $84.9M | 50x | as long as short |
| Polymarket Perps WLD-USD | −0.0101% | 1h | 0.4449 | −0.326% | $48K | $2.6M | 10x | as long as short |
| Gate WLD_USDT | −0.0093% | 8h | 0.4457 | −0.136% | $7.0M | $31.1M | 75x | as long as short |
| 01 Exchange WLDUSD | −0.0072% | 1h | 0.4460 | −0.071% | $319 | $55 | 5x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4456 | −0.158% | $69K | $4.2M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4475 | +0.267% | $65K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0007% | 1h | 0.4477 | +0.312% | $6K | $185K | 5.5x | as long as short |
Deribit WLD_USDC-PERPETUAL
Kraken Futures PF_WLDUSD
Bybit WLDUSDT
Polymarket Perps WLD-USD
Gate WLD_USDT
01 Exchange WLDUSD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERPShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | +0.0010% | 1h | 0.4459 | −0.087% | $152K | $31K | 10x | as long as short |
| Phoenix WLD | +0.0053% | 1h | 0.4456 | −0.147% | $4K | $40K | 10x | as long as short |
| KuCoin WLDUSDTM | +0.0060% | 8h | 0.4455 | −0.181% | $6.6M | $10.4M | 50x | as long as short |
| Variational Omni WLD | +0.0080% | 8h | 0.4450 | −0.284% | $2.0M | $1.4M | — | as long as short |
| Orderly PERP_WLD_USDC | +0.0088% | 8h | 0.4454 | −0.203% | $27K | $334K | 10x | as long as short |
| Lighter WLD | +0.0096% | 1h | 0.4463 | −0.010% | $4.8M | $3.0M | 10x | as long as short |
| Hyperliquid WLD | +0.0100% | 1h | 0.4462 | −0.026% | $49.3M | $28.9M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4458 | −0.114% | $209K | $884K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4456 | −0.158% | $58K | $501K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4457 | −0.145% | $84.6M | $312.9M | 75x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4454 | −0.203% | $33.9M | $140.9M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4457 | −0.136% | $41.7M | $54.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4454 | −0.203% | $29.3M | $28.7M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4458 | −0.113% | — | $55.4M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4458 | −0.107% | $129K | $275K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4454 | −0.198% | $27K | $322K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4471 | +0.178% | $593K | $2.2M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4455 | −0.181% | $59K | $242K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4460 | −0.069% | $22K | $1.4M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4456 | −0.158% | $231 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4455 | −0.181% | $817K | $1.2M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4460 | −0.069% | $1.7M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4452 | −0.247% | $210K | $659K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4457 | −0.137% | $30K | $500 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4450 | −0.283% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC]long | L +0.0218% / S −0.0967% | 1h | 0.4463 | long leg | $4K | — | 100x | |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4453 | −0.225% | $4.8M | $912K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0344% | 1h | 0.4459 | −0.091% | $271K | $967K | 50x | as long as short |
dYdX WLD-USD
Phoenix WLD
KuCoin WLDUSDTM
Variational Omni WLD
Orderly PERP_WLD_USDC
Lighter WLD
Hyperliquid WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX