Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.034%

Price spread now: Aster against Nado+0.081%48s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.463% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.128%+$13 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.081%, 7d avg +0.022%

Together, before fees−0.096%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.058% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 48 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	Nado WLD-PERP	0.4515	0.0036	pay 0.0004% / 1h	11m 43s	$269K	$168K	5x
Short	Aster WLDUSDT	0.4519	0.0100	get 0.0100% / 8h	2h 11m	$214K	$982K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.081%Rate

Funding earned: $13.45
Price spread: +0.081% → +0.022%: $5.84
Slippage, 4 orders: −$31.34
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.04
Costs to cover: 0.463%
Break-even: 21.1 days

Slippage from Nado: live order book, 11 min ago; Aster: live order book, 11 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 Nado live order book, 11 min ago	2.53 bp	15.3 bp −$15	36.3 bp −$363	doesn't fit	doesn't fit
Sell Aster live order book, 11 min ago	2.20 bp	12.5 bp −$13	33.1 bp −$331	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	−0.0482%	8h	0.4515	0.000%	$45K	$3.8M	1.7x	as long as short
Orderly PERP_WLD_USDC	−0.0018%	8h	0.4516	+0.022%	$27K	$916K	10x	as long as short
KuCoin WLDUSDTM	−0.0002%	8h	0.4513	−0.044%	$7.0M	$10.7M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4519	+0.087%	$154K	$6K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4517	+0.044%	$122K	$911K	25x	as long as short
Variational Omni WLD	+0.0001%	8h	0.4531	+0.361%	$2.1M	$1.6M	—	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4516	+0.024%	$56K	—	150x	as long as short
Nado WLD-PERPlong	+0.0036%	1h	0.4515	long leg	$269K	$168K	5x
Phoenix WLD	+0.0052%	1h	0.4542	+0.596%	$5K	$52K	10x	as long as short
OKX WLD-USDT-SWAP	+0.0082%	8h	0.4520	+0.111%	$33.7M	$137.6M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC WLD_USDT	+0.0088%	8h	0.4520	+0.111%	$52.4M	$48.0M	300x	as long as short
Binance WLDUSDT	+0.0089%	8h	0.4520	+0.106%	$84.9M	$293.0M	75x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4519	+0.095%	$46.3M	$41.2M	10x	as long as short
Aster WLDUSDTshort	+0.0100%	8h	0.4519	+0.081%	$214K	$982K	50x
Pacifica WLD	+0.0100%	1h	0.4520	+0.104%	$51K	$482K	5x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4519	+0.089%	$64.4M	$80.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4519	+0.089%	$7.3M	$34.8M	75x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4520	+0.111%	$30.0M	$25.1M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4519	+0.089%	—	$68.1M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4516	+0.018%	$128K	$269K	10x	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4531	+0.353%	$27K	$317K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4539	+0.532%	$609K	$1.9M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4533	+0.399%	$54K	$226K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4514	−0.020%	$51K	$1.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4522	+0.155%	$22K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4515	0.000%	$197	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4516	+0.022%	$852K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4516	+0.022%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4519	+0.089%	$132K	$745K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4516	+0.022%	$31K	$5K	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4513	−0.034%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0209%	8h	0.4518	+0.066%	$4.9M	$808K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0216% / S −0.1712%	1h	0.4516	+0.016%	$9K	—	100x	as long as short
01 Exchange WLDUSD	+0.0312%	1h	0.4526	+0.235%	$324	$77	5x	as long as short
Injective WLD/USDC PERP	+0.0374%	1h	0.4542	+0.598%	$6K	$185K	5.5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0400%	1h	0.4533	+0.399%	$278K	$1.6M	50x	as long as short
Lighter WLD	+0.0952%	1h	0.4528	+0.290%	$5.1M	$2.1M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1104%	1h	0.4518	+0.059%	$919K	$2.6M	50x	as long as short