Funding arb · Price arb /

WLD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h —

Price spread now: Reya against Nado−0.049%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.049% cheaper against Nado than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado WLD-PERP	0.4575	−0.0034	get 0.0004% / 1h	4m 56s	$241K	$170K	5x
Short	Reya WLDRUSDPERP	0.4572	0.0134	get 0.0017% / 1h	4m 56s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.049%Rate

Funding earned: $35.26
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $17.36
Costs to cover: 0.130%
Break-even: 3.6 days

Slippage unknown: Nado: live order book, 43 min ago; Reya: no order-book sample. Net counts fees only.

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, 43 min ago	2.11 bp	9.5 bp −$9	30.9 bp −$309	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0034%	1h	0.4575	long leg	$241K	$170K	5x
dYdX WLD-USD	0.0000%	1h	0.4579	+0.092%	$156K	$33K	10x	as long as short
Kalshi KXWLDPERP	0.0000%	8h	0.4573	−0.033%	$54K	$4.8M	1.7x	as long as short
Deribit WLD_USDC-PERPETUAL	0.0000%	1h	0.4572	−0.055%	$152K	$1.0M	25x	as long as short
gTrade (Gains Network) WLD/USD	L +0.0003% / S −0.0003%	1h	0.4574	−0.016%	$66K	—	150x	as long as short
KuCoin WLDUSDTM	+0.0067%	8h	0.4572	−0.055%	$6.8M	$11.9M	50x	as long as short
01 Exchange WLDUSD	+0.0072%	1h	0.4575	+0.009%	$327	$55	5x	as long as short
Orderly PERP_WLD_USDC	+0.0099%	8h	0.4573	−0.033%	$27K	$791K	10x	as long as short
Aster WLDUSDT	+0.0100%	8h	0.4575	+0.010%	$228K	$1.1M	50x	as long as short
Pacifica WLD	+0.0100%	1h	0.4579	+0.099%	$51K	$538K	5x	as long as short

Show all 38 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WLDUSDT	+0.0100%	8h	0.4571	−0.082%	$87.1M	$339.2M	75x	as long as short
Bybit WLDUSDT	+0.0100%	8h	0.4569	−0.120%	$65.2M	$91.7M	50x	as long as short
OKX WLD-USDT-SWAP	+0.0100%	8h	0.4569	−0.120%	$34.7M	$156.4M	50x	as long as short
Gate WLD_USDT	+0.0100%	8h	0.4571	−0.077%	$7.2M	$37.9M	75x	as long as short
MEXC WLD_USDT	+0.0100%	8h	0.4570	−0.098%	$40.4M	$56.9M	300x	as long as short
Bitget WLDUSDT	+0.0100%	8h	0.4572	−0.055%	$30.3M	$31.3M	75x	as long as short
BingX WLD-USDC	+0.0100%	8h	0.4569	−0.120%	—	$1.3M	—	as long as short
Backpack WLD_USDC_PERP	+0.0100%	1h	0.4572	−0.052%	$133K	$300K	10x	as long as short
Variational Omni WLD	+0.0100%	8h	0.4579	+0.092%	$2.1M	$1.7M	—	as long as short
edgeX WLDUSDC	+0.0100%	4h	0.4574	−0.019%	$27K	$320K	20x	as long as short
GRVT WLD_USDT_Perp	+0.0100%	8h	0.4582	+0.164%	$604K	$2.0M	10x	as long as short
ApeX Omni WLDUSDT	+0.0100%	1h	0.4577	+0.055%	$49K	$240K	50x	as long as short
Polymarket Perps WLD-USD	+0.0100%	1h	0.4572	−0.044%	$47K	$2.4M	10x	as long as short
SunX WLD-USDT	+0.0100%	8h	0.4584	+0.208%	$23K	$1.6M	50x	as long as short
SoDEX WLD-USD	+0.0100%	1h	0.4571	−0.077%	$215	$5K	10x	as long as short
HTX WLD-USDT	+0.0100%	8h	0.4572	−0.055%	$836K	$1.7M	50x	as long as short
Phemex WLDUSDT	+0.0100%	8h	0.4570	−0.098%	$1.8M	$3.7M	50x	as long as short
Extended WLD-USD	+0.0104%	1h	0.4570	−0.094%	$211K	$1.0M	10x	as long as short
Aevo WLD-PERP	+0.0104%	1h	0.4572	−0.066%	$31K	$500	3x	as long as short
Reya WLDRUSDPERPshort	+0.0134%	1h	0.4572	−0.049%	—	—	20x
Phoenix WLD	+0.0142%	1h	0.4578	+0.072%	$5K	$52K	10x	as long as short
Lighter WLD	+0.0168%	1h	0.4577	+0.057%	$4.9M	$2.9M	10x	as long as short
Injective WLD/USDC PERP	+0.0176%	1h	0.4544	−0.667%	$6K	$185K	5.5x	as long as short
GMX WLD/USD [ETH-USDC]	L +0.0219% / S −0.0967%	1h	0.4574	−0.019%	$4K	—	100x	as long as short
BloFin WLD-USDT	+0.0220%	8h	0.4573	−0.033%	$4.8M	$923K	75x	as long as short
Hyperliquid WLD	+0.0355%	1h	0.4578	+0.079%	$49.9M	$44.6M	10x	as long as short
Kraken Futures PF_WLDUSD	+0.0496%	1h	0.4572	−0.049%	$865K	$2.9M	50x	as long as short
Coinbase International WLD-PERP-INTX	+0.0536%	1h	0.4575	+0.011%	$276K	$1.7M	50x	as long as short