Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.035%

Price spread now: edgeX against Nado−0.051%7-day average 0.000% · 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−$46as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.158%+$16 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.051%, 7d avg 0.000%

Together, before fees+0.347%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.051% cheaper against Nado than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of 0.000%). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4456	−0.0140	get 0.0017% / 1h	49m 24s	$234K	$159K	5x
Short	edgeX WLDUSDC	0.4454	0.0100	get 0.0050% / 4h	1h 49m	$27K	$322K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $50.34
Price spread: −0.051% → 0.000%: −$5.12
Slippage, 4 orders: −$24.95
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $4.27
Costs to cover: 0.410%
Break-even: 6.4 days

Slippage from Nado: live order book, 61 min ago; edgeX: live order book, 61 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, 61 min ago	8.92 bp	12.6 bp −$13	33.3 bp −$333	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	3.35 bp	7.8 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit

WLD on 38 exchanges

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
Deribit WLD_USDC-PERPETUAL	−0.0199%	1h	0.4455	−0.034%	$101K	$1.1M	25x	as long as short
Kraken Futures PF_WLDUSD	−0.0194%	1h	0.4458	+0.031%	$856K	$2.6M	50x	as long as short
Nado WLD-PERPlong	−0.0140%	1h	0.4456	long leg	$234K	$159K	5x
Bybit WLDUSDT	−0.0133%	8h	0.4452	−0.101%	$63.6M	$84.9M	50x	as long as short
Polymarket Perps WLD-USD	−0.0101%	1h	0.4449	−0.180%	$48K	$2.6M	10x	as long as short
Gate WLD_USDT	−0.0093%	8h	0.4454	−0.056%	$7.0M	$31.1M	75x	as long as short
01 Exchange WLDUSD	−0.0072%	1h	0.4460	+0.076%	$319	$55	5x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4456	−0.011%	$69K	$4.2M	1.7x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4475	+0.414%	$65K	—	150x	as long as short
Injective WLD/USDC PERP	+0.0007%	1h	0.4477	+0.460%	$6K	$185K	5.5x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX WLD-USD	+0.0010%	1h	0.4459	+0.060%	$152K	$31K	10x	as long as short
Phoenix WLD	+0.0053%	1h	0.4456	0.000%	$4K	$40K	10x	as long as short
KuCoin WLDUSDTM	+0.0060%	8h	0.4457	+0.011%	$6.6M	$10.4M	50x	as long as short
Variational Omni WLD	+0.0080%	8h	0.4450	−0.138%	$2.0M	$1.4M	—	as long as short
Orderly PERP_WLD_USDC	+0.0088%	8h	0.4454	−0.056%	$27K	$334K	10x	as long as short
Lighter WLD	+0.0096%	1h	0.4460	+0.074%	$4.8M	$3.0M	10x	as long as short
Hyperliquid WLD	+0.0100%	1h	0.4460	+0.088%	$49.3M	$28.9M	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4457	+0.020%	$209K	$884K	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4456	−0.011%	$58K	$501K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4455	−0.034%	$84.7M	$312.9M	75x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4453	−0.079%	$33.8M	$140.8M	50x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4457	+0.011%	$41.7M	$54.5M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4453	−0.079%	$29.3M	$28.6M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4455	−0.034%	—	$55.4M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4455	−0.029%	$129K	$275K	10x	as long as short
edgeX WLDUSDCshort	+0.0100%	4h	0.4454	−0.051%	$27K	$322K	20x
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4471	+0.325%	$593K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4455	−0.034%	$59K	$242K	50x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4460	+0.079%	$22K	$1.4M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4454	−0.056%	$231	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4453	−0.079%	$817K	$1.2M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4457	+0.011%	$1.7M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4455	−0.033%	$210K	$659K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4457	+0.004%	$30K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4450	−0.136%	—	—	20x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0218% / S −0.0967%	1h	0.4463	+0.147%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4452	−0.101%	$4.8M	$912K	75x	as long as short
Coinbase International WLD-PERP-INTX	+0.0344%	1h	0.4459	+0.056%	$270K	$972K	50x	as long as short