Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.023%

Price spread now: Gate against Nado−0.044%7-day average +0.010% · 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−$66as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now −0.044%, 7d avg +0.010%

Together, before fees−0.143%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.054% cheaper against Nado than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.010%). If the spread goes back, that is −$5 on $10k: about 30 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4555	−0.0046	get 0.0006% / 1h	0m 30s	$236K	$170K	5x
Short	Gate WLD_USDT	0.4553	0.0100	get 0.0100% / 8h	7h 00m	$7.2M	$35.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.044%Rate

Funding earned: $30.74
Price spread: −0.044% → +0.010%: −$5.41
Slippage, 4 orders: −$38.69
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.36
Costs to cover: 0.607%
Break-even: 15.1 days

Slippage from Nado: live order book, 32 min ago; Gate: 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, 32 min ago	6.02 bp	15.9 bp −$16	33.8 bp −$338	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.10 bp	15.5 bp −$16	37.6 bp −$376	58.4 bp −$5,842	127.4 bp −$63.7K

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	−0.0046%	1h	0.4555	long leg	$236K	$170K	5x
Kalshi KXWLDPERP	0.0000%	8h	0.4554	−0.022%	$36K	$4.5M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4553	−0.044%	$120K	$973K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4556	+0.016%	$66K	—	150x	as long as short
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4555	0.000%	$27K	$504K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4556	+0.030%	$216K	$1.0M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4553	−0.044%	$55K	$539K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4554	−0.021%	$87.0M	$330.9M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4555	0.000%	$65.5M	$89.2M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4552	−0.066%	$34.5M	$149.9M	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_USDTshort	+0.0100%	8h	0.4553	−0.044%	$7.2M	$35.2M	75x
MEXC WLD_USDT	+0.0100%	8h	0.4554	−0.022%	$41.9M	$57.4M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4552	−0.066%	$6.7M	$11.6M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4554	−0.022%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDT	+0.0100%	8h	0.4554	−0.022%	—	$20.2M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4552	−0.070%	$128K	$285K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4549	−0.139%	$2.1M	$1.5M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4550	−0.117%	$27K	$322K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4554	−0.029%	$604K	$2.2M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4549	−0.132%	$48K	$237K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4556	+0.022%	$49K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4556	+0.022%	$23K	$1.5M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4551	−0.088%	$227	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4551	−0.088%	$834K	$1.3M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4553	−0.044%	$1.7M	$3.6M	50x	as long as short
Lighter WLD	+0.0104%	1h	0.4557	+0.055%	$4.9M	$3.0M	10x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4553	−0.039%	$215K	$806K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4553	−0.052%	$31K	$500	3x	as long as short
Injective WLD/USDC PERP	+0.0109%	1h	0.4508	−1.032%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	+0.0120%	1h	0.4553	−0.051%	$155K	$31K	10x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4549	−0.128%	—	—	20x	as long as short
Hyperliquid WLD	+0.0144%	1h	0.4560	+0.116%	$50.6M	$43.2M	10x	as long as short
01 Exchange WLDUSD	+0.0152%	1h	0.4558	+0.070%	$326	$55	5x	as long as short
Phoenix WLD	+0.0194%	1h	0.4556	+0.022%	$4K	$44K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4552	−0.060%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4557	+0.044%	$4.4M	$960K	75x	as long as short
Kraken Futures PF_WLDUSD	+0.0301%	1h	0.4554	−0.014%	$903K	$2.7M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0440%	1h	0.4560	+0.110%	$269K	$1.5M	50x	as long as short