Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.033%

Price spread now: Nado against HTX−0.121%7-day average +0.136% · 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−$137as in the Price arb table

costs, in and out, $10k−$1111.115% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.121%, 7d avg +0.136%

Together, before fees+0.065%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.257% cheaper against HTX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.136%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WLD-USDT	0.4549	0.0100	pay 0.0100% / 8h	3h 26m	$831K	$1.8M	50x
Short	Nado WLD-PERP	0.4543	−0.0031	pay 0.0004% / 1h	26m 09s	$241K	$205K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.121%Rate

Funding earned: −$27.57
Price spread: −0.121% → +0.136%: −$25.71
Slippage, 4 orders: −$92.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$164.77
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Nado: live order book, 26 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 HTX live order book, 3 min ago	15.36 bp	42.5 bp −$43	277.5 bp −$2,775	doesn't fit	doesn't fit
Sell Nado live order book, 26 min ago	2.82 bp	8.6 bp −$9	31.5 bp −$315	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
Nado WLD-PERPshort	−0.0031%	1h	0.4543	−0.121%	$241K	$205K	5x
dYdX WLD-USD	0.0000%	1h	0.4546	−0.063%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4558	+0.198%	$60K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4548	−0.022%	$123K	$939K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4548	−0.022%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0025%	8h	0.4546	−0.066%	$6.9M	$11.7M	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4550	+0.029%	$39K	$2.1M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4554	+0.111%	$209K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4546	−0.058%	$49K	$524K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4549	0.000%	$86.8M	$329.8M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4545	−0.088%	$64.7M	$89.8M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4545	−0.088%	$34.4M	$150.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4546	−0.066%	$7.3M	$36.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4546	−0.066%	$41.4M	$54.7M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4547	−0.044%	$30.0M	$30.0M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4545	−0.088%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4547	−0.044%	$136K	$301K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4580	+0.675%	$2.2M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4569	+0.445%	$27K	$318K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4562	+0.286%	$600K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4580	+0.681%	$43K	$238K	50x	as long as short
Orderly PERP_WLD_USDC	+0.0100%	8h	0.4547	−0.044%	$28K	$868K	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4552	+0.066%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4546	−0.066%	$206	$5K	10x	as long as short
HTX WLD-USDTlong	+0.0100%	8h	0.4549	long leg	$831K	$1.8M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4549	0.000%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4545	−0.095%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4547	−0.036%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4545	−0.084%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.594%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4584	+0.774%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4554	+0.110%	$4.9M	$890K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4547	−0.035%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0296%	1h	0.4549	−0.009%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0395%	1h	0.4552	+0.066%	$50.0M	$43.4M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0522%	1h	0.4548	−0.031%	$884K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4556	+0.154%	$266K	$1.6M	50x	as long as short
Lighter WLD	+0.0816%	1h	0.4556	+0.156%	$5.2M	$2.6M	10x	as long as short