Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.033%

Price spread now: HTX against Nado−0.011%7-day average −0.132% · 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−$92as in the Price arb table

costs, in and out, $10k−$1041.042% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$10 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.011%, 7d avg −0.132%

Together, before fees−0.018%+ Points / potential airdropNado: Active · farm board−$2 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 HTX is 0.121% dearer against Nado than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4518	0.0041	pay 0.0005% / 1h	58m 01s	$235K	$167K	5x
Short	HTX WLD-USDT	0.4518	0.0100	get 0.0100% / 8h	58m 01s	$826K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $12.46
Price spread: −0.011% → −0.132%: $12.12
Slippage, 4 orders: −$85.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$79.62
Costs to cover: 1.042%
Break-even: 51.7 days

Slippage from Nado: live order book, 44 min ago; HTX: live order book, 1 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, 44 min ago	7.28 bp	12.6 bp −$13	33.1 bp −$331	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	6.64 bp	32.4 bp −$32	doesn't fit	doesn't fit	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
Injective WLD/USDC PERP	−0.0309%	1h	0.4581	+1.383%	$6K	$185K	5.5x	as long as short
dYdX WLD-USD	0.0000%	1h	0.4519	+0.013%	$154K	$32K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4521	+0.055%	$57K	$4.7M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4523	+0.100%	$150K	$969K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4521	+0.051%	$65K	—	150x	as long as short
Nado WLD-PERPlong	+0.0041%	1h	0.4518	long leg	$235K	$167K	5x
Orderly PERP_WLD_USDC	+0.0098%	8h	0.4521	+0.055%	$27K	$727K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4526	+0.173%	$226K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4519	+0.006%	$49K	$534K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4524	+0.112%	$86.5M	$334.0M	75x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WLDUSDT	+0.0100%	8h	0.4523	+0.100%	$64.3M	$89.3M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4521	+0.055%	$34.2M	$151.7M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4523	+0.100%	$7.1M	$35.4M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4523	+0.100%	$40.0M	$55.8M	300x	as long as short
KuCoin WLDUSDTM	+0.0100%	8h	0.4522	+0.077%	$6.6M	$11.7M	50x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4523	+0.100%	$30.0M	$30.9M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4523	+0.100%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4525	+0.144%	$132K	$295K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4522	+0.071%	$2.1M	$1.6M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4525	+0.153%	$27K	$321K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4526	+0.165%	$596K	$2.1M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4526	+0.166%	$48K	$239K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4519	+0.007%	$58K	$2.6M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4528	+0.210%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4521	+0.055%	$220	$5K	10x	as long as short
HTX WLD-USDTshort	+0.0100%	8h	0.4518	−0.011%	$826K	$1.5M	50x
Phemex WLDUSDT	+0.0100%	8h	0.4524	+0.122%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4519	+0.016%	$208K	$945K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4523	+0.092%	$31K	$500	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4515	−0.083%	—	—	20x	as long as short
Lighter WLD	+0.0152%	1h	0.4527	+0.184%	$4.9M	$2.8M	10x	as long as short
Phoenix WLD	+0.0158%	1h	0.4534	+0.339%	$5K	$43K	10x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4521	+0.056%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4525	+0.144%	$4.8M	$913K	75x	as long as short
01 Exchange WLDUSD	+0.0264%	1h	0.4521	+0.046%	$323	$55	5x	as long as short
Coinbase International WLD-PERP-INTX	+0.0448%	1h	0.4523	+0.100%	$273K	$1.6M	50x	as long as short
Kraken Futures PF_WLDUSD	+0.0457%	1h	0.4523	+0.109%	$871K	$2.8M	50x	as long as short
Hyperliquid WLD	+0.0587%	1h	0.4530	+0.263%	$50.3M	$44.1M	10x	as long as short