Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.024%

Price spread now: Nado against Kalshi−0.122%7-day average +0.092% · 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−$72as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Kalshi Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.649%−$65 · spread now −0.122%, 7d avg +0.092%

Together, before fees−0.656%+ Points / potential airdropNado: Active · farm board−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.213% cheaper against Kalshi than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXWLDPERP	0.4526	0	get 0.0000% / 8h	4h 50m	$56K	$4.7M	1.7x
Short	Nado WLD-PERP	0.4520	−0.0048	pay 0.0006% / 1h	50m 19s	$236K	$167K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Kalshi. 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 KalshibpFee NadobpOrdersPrice spread, now −0.122%Rate

Funding earned: −$10.17
Price spread: −0.122% → +0.092%: −$21.33
Slippage, 4 orders: −$33.46
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$81.96
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Nado: live order book, 52 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 Kalshi live order book, 3 min ago	1.11 bp	6.1 bp −$6	13.9 bp −$139	doesn't fit	doesn't fit
Sell Nado live order book, 52 min ago	7.28 bp	10.8 bp −$11	24.4 bp −$244	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4524	−0.044%	$6K	$185K	5.5x	as long as short
Nado WLD-PERPshort	−0.0048%	1h	0.4520	−0.122%	$236K	$167K	5x
dYdX WLD-USD	0.0000%	1h	0.4528	+0.036%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERPlong	0.0000%	8h	0.4526	long leg	$56K	$4.7M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4529	+0.066%	$140K	$979K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4524	−0.048%	$65K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4527	+0.022%	$27K	$726K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4524	−0.040%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4524	−0.039%	$49K	$534K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4526	−0.001%	$86.7M	$333.4M	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	0.4525	−0.022%	$64.4M	$89.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4527	+0.022%	$34.2M	$151.6M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4522	−0.088%	$7.1M	$35.5M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	−0.066%	$40.2M	$56.0M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4521	−0.110%	$6.6M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4528	+0.044%	$30.0M	$30.8M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4523	−0.066%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4523	−0.066%	$131K	$295K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4520	−0.141%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4520	−0.123%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4533	+0.147%	$598K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4516	−0.221%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4523	−0.062%	$53K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4529	+0.066%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4530	+0.088%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4520	−0.133%	$827K	$1.5M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4531	+0.110%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4528	+0.040%	$208K	$945K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4531	+0.099%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4522	−0.095%	—	—	20x	as long as short
Lighter WLD	+0.0144%	1h	0.4534	+0.175%	$4.9M	$2.8M	10x	as long as short
Phoenix WLD	+0.0177%	1h	0.4524	−0.053%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4524	−0.048%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4527	+0.022%	$4.8M	$908K	75x	as long as short
01 Exchange WLDUSD	+0.0240%	1h	0.4526	−0.011%	$324	$55	5x	as long as short
Hyperliquid WLD	+0.0443%	1h	0.4528	+0.040%	$50.3M	$43.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4531	+0.110%	$272K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0456%	1h	0.4532	+0.122%	$865K	$2.8M	50x	as long as short