Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.013%

Price spread now: Bybit against Nado+0.022%7-day average −0.010% · 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−$41as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)−0.099%−$10 · spread now +0.022%, 7d avg −0.010%

Together, before fees+0.003%+ Points / potential airdropNado: Active · farm board$0 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 Bybit is 0.032% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4576	0.0037	pay 0.0005% / 1h	55m 17s	$276K	$169K	5x
Short	Bybit WLDUSDT	0.4577	0.0100	get 0.0100% / 8h	7h 55m	$65.8M	$82.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: $13.31
Price spread: +0.022% → −0.010%: $3.23
Slippage, 4 orders: −$26.62
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.08
Costs to cover: 0.446%
Break-even: 21.8 days

Slippage from Nado: live order book, 17 min ago; Bybit: live order book, 4 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, 17 min ago	5.24 bp	12.7 bp −$13	30.3 bp −$303	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.10 bp	10.5 bp −$11	21.1 bp −$211	129.4 bp −$12.9K	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
Gate WLD_USDT	−0.0231%	8h	0.4576	0.000%	$7.5M	$34.9M	75x	as long as short
Kalshi KXWLDPERP	−0.0208%	8h	0.4593	+0.372%	$65K	$3.9M	1.7x	as long as short
ApeX Omni WLDUSDT	−0.0046%	1h	0.4583	+0.153%	$54K	$228K	50x	as long as short
KuCoin WLDUSDTM	−0.0001%	8h	0.4573	−0.066%	$7.0M	$11.0M	50x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4574	−0.048%	$163K	$13K	10x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4576	0.000%	$122K	$892K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4576	0.000%	$56K	—	150x	as long as short
Nado WLD-PERPlong	+0.0037%	1h	0.4576	long leg	$276K	$169K	5x
Injective WLD/USDC PERP	+0.0038%	1h	0.4597	+0.459%	$6K	$185K	5.5x	as long as short
Orderly PERP_WLD_USDC	+0.0040%	8h	0.4575	−0.022%	$28K	$905K	10x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WLDUSDT	+0.0100%	8h	0.4578	+0.048%	$192K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4576	−0.010%	$54K	$487K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4575	−0.022%	$86.4M	$304.0M	75x	as long as short
Bybit WLDUSDTshort	+0.0100%	8h	0.4577	+0.022%	$65.8M	$82.6M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4576	0.000%	$34.3M	$143.4M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4574	−0.044%	$46.4M	$53.1M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4574	−0.044%	$30.3M	$26.1M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4575	−0.022%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4594	+0.396%	$137K	$283K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4593	+0.369%	$2.0M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4577	+0.032%	$27K	$316K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4589	+0.295%	$609K	$1.9M	10x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4577	+0.026%	$48K	$1.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4581	+0.109%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4576	0.000%	$218	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4586	+0.219%	$853K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4594	+0.393%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4574	−0.052%	$231K	$847K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4577	+0.013%	$31K	$5K	3x	as long as short
Phoenix WLD	+0.0104%	1h	0.4583	+0.157%	$5K	$53K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4573	−0.058%	—	—	20x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4585	+0.197%	$4.9M	$820K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4576	−0.003%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0272%	1h	0.4577	+0.028%	$327	$77	5x	as long as short
Kraken Futures PF_WLDUSD	+0.0329%	1h	0.4579	+0.063%	$902K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4579	+0.066%	$272K	$1.6M	50x	as long as short
Hyperliquid WLD	+0.0727%	1h	0.4584	+0.166%	$50.8M	$43.6M	10x	as long as short
Lighter WLD	+0.1152%	1h	0.4583	+0.160%	$5.2M	$2.0M	10x	as long as short