Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.009%

Price spread now: Bybit against Nado−0.011%59s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.324% 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)+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.011%, 7d avg −0.002%

Together, before fees+0.047%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 59 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	0.4541	−0.0057	get 0.0007% / 1h	55m 41s	$239K	$170K	5x
Short	Bybit WLDUSDT	0.4540	0.0100	get 0.0100% / 8h	1h 55m	$64.7M	$91.6M	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 −0.011%Rate

Funding earned: $33.02
Price spread: −0.011% → −0.002%: −$0.93
Slippage, 4 orders: −$14.38
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.29
Costs to cover: 0.324%
Break-even: 7.1 days

Slippage from Nado: live order book, 52 min ago; Bybit: 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, 52 min ago	2.11 bp	9.5 bp −$9	30.9 bp −$309	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.10 bp	9.0 bp −$9	16.3 bp −$163	121.3 bp −$12.1K	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-PERPlong	−0.0057%	1h	0.4541	long leg	$239K	$170K	5x
dYdX WLD-USD	0.0000%	1h	0.4539	−0.027%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4544	+0.077%	$56K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4541	+0.011%	$151K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4542	+0.026%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0082%	8h	0.4542	+0.033%	$6.7M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4541	+0.011%	$27K	$789K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4542	+0.024%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4542	+0.044%	$50K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4540	−0.004%	$86.6M	$339.4M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDTshort	+0.0100%	8h	0.4540	−0.011%	$64.7M	$91.6M	50x
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4539	−0.033%	$34.4M	$155.2M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4539	−0.033%	$7.2M	$36.0M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4540	−0.011%	$40.4M	$56.2M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4540	−0.011%	$30.0M	$31.2M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4539	−0.033%	—	$70.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4543	+0.059%	$132K	$299K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4539	−0.040%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4546	+0.113%	$27K	$319K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4545	+0.099%	$603K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4552	+0.253%	$48K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4541	+0.013%	$54K	$2.5M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4549	+0.187%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4539	−0.033%	$210	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4539	−0.033%	$830K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4543	+0.055%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4536	−0.092%	$209K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4541	+0.022%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0132%	1h	0.4544	+0.077%	$6K	$185K	5.5x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4541	+0.017%	—	—	20x	as long as short
Phoenix WLD	+0.0142%	1h	0.4553	+0.284%	$5K	$44K	10x	as long as short
01 Exchange WLDUSD	+0.0184%	1h	0.4542	+0.040%	$325	$55	5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4541	+0.008%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4548	+0.165%	$4.8M	$920K	75x	as long as short
Lighter WLD	+0.0256%	1h	0.4547	+0.143%	$4.9M	$2.9M	10x	as long as short
Coinbase International WLD-PERP-INTX	+0.0488%	1h	0.4548	+0.165%	$273K	$1.7M	50x	as long as short
Hyperliquid WLD	+0.0721%	1h	0.4550	+0.203%	$49.7M	$44.7M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.1042%	1h	0.4542	+0.044%	$864K	$2.9M	50x	as long as short