Funding arb · Price arb /

WLD

all WLD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.025%

Price spread now: Kalshi against Nado+0.276%7-day average −0.093% · 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−$20as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on Nado Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.276%, 7d avg −0.093%

Together, before fees+0.012%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.369% dearer against Nado than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4535	−0.0026	get 0.0003% / 1h	16m 26s	$240K	$205K	5x
Short	Kalshi KXWLDPERP	0.4548	0	get 0.0000% / 8h	7h 16m	$66K	$4.7M	1.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi 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 KalshibpOrdersPrice spread, now +0.276%Rate

Funding earned: $5.5
Price spread: +0.276% → −0.093%: $36.87
Slippage, 4 orders: −$40.27
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$14.91
Costs to cover: 0.573%
Break-even: 26.0 days

Slippage from Nado: live order book, 36 min ago; Kalshi: live order book, 2 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, 36 min ago	2.82 bp	20.4 bp −$20	51.2 bp −$512	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	1.10 bp	6.1 bp −$6	15.1 bp −$151	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
Nado WLD-PERPlong	−0.0026%	1h	0.4535	long leg	$240K	$205K	5x
dYdX WLD-USD	0.0000%	1h	0.4537	+0.026%	$155K	$33K	10x	as long as short
Kalshi KXWLDPERPshort	0.0000%	8h	0.4548	+0.276%	$66K	$4.7M	1.7x
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4536	+0.011%	$118K	$987K	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4535	−0.015%	$65K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0032%	8h	0.4534	−0.033%	$6.8M	$11.8M	50x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4534	−0.033%	$28K	$868K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4537	+0.043%	$212K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4539	+0.069%	$51K	$526K	5x	as long as short
Binance WLDUSDT	+0.0100%	8h	0.4537	+0.029%	$86.4M	$331.2M	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	0.4533	−0.055%	$64.5M	$90.1M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4535	−0.011%	$34.3M	$151.3M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4534	−0.033%	$7.2M	$36.7M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4540	+0.099%	$40.7M	$55.3M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4533	−0.055%	$29.9M	$30.2M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4535	−0.011%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4545	+0.198%	$134K	$305K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4540	+0.093%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4538	+0.045%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4541	+0.121%	$598K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4536	+0.011%	$48K	$241K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4536	+0.007%	$53K	$2.2M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4543	+0.165%	$22K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4546	+0.232%	$206	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4548	+0.276%	$831K	$1.8M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4543	+0.165%	$1.8M	$3.6M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4533	−0.061%	$216K	$984K	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4535	−0.017%	$31K	$600	3x	as long as short
Reya WLDRUSDPERP	+0.0134%	1h	0.4535	−0.016%	—	—	20x	as long as short
Injective WLD/USDC PERP	+0.0142%	1h	0.4576	+0.893%	$6K	$185K	5.5x	as long as short
Phoenix WLD	+0.0157%	1h	0.4526	−0.209%	$5K	$52K	10x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4543	+0.165%	$4.9M	$882K	75x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0229% / S −0.1268%	1h	0.4536	+0.006%	$5K	—	100x	as long as short
01 Exchange WLDUSD	+0.0288%	1h	0.4541	+0.119%	$325	$55	5x	as long as short
Hyperliquid WLD	+0.0345%	1h	0.4541	+0.130%	$49.7M	$43.5M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0523%	1h	0.4538	+0.058%	$879K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0560%	1h	0.4552	+0.364%	$267K	$1.6M	50x	as long as short
Lighter WLD	+0.0832%	1h	0.4546	+0.243%	$5.1M	$2.6M	10x	as long as short