Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.029%

Price spread now: BingX against Nado+0.039%7-day average +0.015% · 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−$54as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.285%−$29 · spread now +0.039%, 7d avg +0.015%

Together, before fees−0.135%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.024% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4477	−0.0009	get 0.0001% / 1h	27m 20s	$232K	$175K	5x
Short	BingX WLD-USDC	0.4479	0.0100	get 0.0100% / 8h	7h 27m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $22.85
Price spread: +0.039% → +0.015%: $2.41
Slippage, 4 orders: −$39.76
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.5
Costs to cover: 0.568%
Break-even: 16.7 days

Slippage from Nado: live order book, 5 min ago; BingX: live order book, 3 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, 5 min ago	6.02 bp	15.9 bp −$16	33.8 bp −$338	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.23 bp	16.8 bp −$17	49.4 bp −$494	502.2 bp −$50.2K	789.8 bp −$394.9K

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-PERPlong	−0.0009%	1h	0.4477	long leg	$232K	$175K	5x
Kalshi KXWLDPERP	0.0000%	8h	0.4475	−0.050%	$49K	$4.6M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4478	+0.017%	$115K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4472	−0.119%	$65K	—	150x	as long as short
Bybit WLDUSDT	+0.0035%	8h	0.4475	−0.050%	$63.4M	$89.2M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4477	−0.006%	$27K	$577K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4480	+0.070%	$224K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4481	+0.091%	$55K	$553K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4478	+0.014%	$85.4M	$334.3M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4474	−0.073%	$33.9M	$148.4M	50x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WLD_USDT	+0.0100%	8h	0.4478	+0.017%	$7.0M	$34.8M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4478	+0.017%	$41.2M	$56.5M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4479	+0.039%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4477	−0.006%	$29.5M	$31.2M	75x	as long as short
BingX WLD-USDCshort	+0.0100%	8h	0.4479	+0.039%	—	$1.3M	—
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4481	+0.073%	$130K	$298K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4480	+0.056%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4481	+0.079%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4480	+0.062%	$590K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4483	+0.128%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4479	+0.046%	$49K	$2.7M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4482	+0.106%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4476	−0.028%	$216	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4470	−0.162%	$819K	$1.4M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4483	+0.128%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4474	−0.079%	$212K	$907K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4477	0.000%	$30K	$500	3x	as long as short
Hyperliquid WLD	+0.0107%	1h	0.4481	+0.088%	$49.6M	$43.1M	10x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	+0.687%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4474	−0.066%	—	—	20x	as long as short
Lighter WLD	+0.0160%	1h	0.4488	+0.249%	$4.9M	$2.9M	10x	as long as short
01 Exchange WLDUSD	+0.0168%	1h	0.4480	+0.070%	$321	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4483	+0.131%	$4K	$44K	10x	as long as short
dYdX WLD-USD	+0.0214%	1h	0.4482	+0.101%	$153K	$31K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4478	+0.022%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4481	+0.084%	$4.4M	$924K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0306%	1h	0.4479	+0.034%	$887K	$2.8M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4485	+0.173%	$266K	$1.6M	50x	as long as short