Settings8H · net · $10k
Funding arb · Price arb /

WLD

all WLD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0009%/8h= −1.0% APRnext payment $0.01 per $10,000 · paid last 24h −0.011%
Price spread now: Nado against Phoenix+0.325%57s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.325% dearer against Phoenix than usual: you sell high and buy low, +$33 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix WLD0.46700.0068pay 0.0009% / 1h56m 01s$5K$54K10x
ShortNado WLD-PERP0.46860.0059get 0.0007% / 1h56m 01s$272K$187K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. 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

Funding earned
−$1.84
Price spread: +0.325% → 0.000%
$32.55
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$16.7
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Nado live order book, 7 min ago7.36 bp10.9 bp −$1129.2 bp −$292doesn't fitdoesn't fit
Phoenix: 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 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXWLDPERP−0.0140%8h0.4670−0.006%$56K$4.5M1.7xas long as short
KuCoin WLDUSDTM−0.0034%8h0.4667−0.071%$7.1M$11.5M50xas long as short
dYdX WLD-USD0.0000%1h0.4675+0.095%$166K$26K10xas long as short
gTrade (Gains Network) WLD/USDL +0.0003% / S −0.0003%1h0.4681+0.228%$56K150xas long as short
Nado WLD-PERPshort+0.0059%1h0.4686+0.325%$272K$187K5x
Orderly PERP_WLD_USDC+0.0067%8h0.4682+0.251%$28K$895K10xas long as short
Phoenix WLDlong+0.0068%1h0.4670long leg$5K$54K10x
Aster WLDUSDT+0.0100%8h0.4664−0.125%$179K$1.0M50xas long as short
Pacifica WLD+0.0100%1h0.4675+0.108%$51K$510K5xas long as short
Binance WLDUSDT+0.0100%8h0.4659−0.242%$88.7M$323.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WLDUSDT+0.0100%8h0.4656−0.306%$66.7M$87.2M50xas long as short
OKX WLD-USDT-SWAP+0.0100%8h0.4660−0.221%$35.3M$149.8M50xas long as short
Gate WLD_USDT+0.0100%8h0.4664−0.135%$7.3M$36.4M75xas long as short
MEXC WLD_USDT+0.0100%8h0.4660−0.221%$45.8M$54.0M300xas long as short
Bitget WLDUSDT+0.0100%8h0.4659−0.242%$31.0M$29.2M75xas long as short
BingX WLD-USDT+0.0100%8h0.4658−0.263%$67.2Mas long as short
Backpack WLD_USDC_PERP+0.0100%1h0.4669−0.030%$137K$285K10xas long as short
Variational Omni WLD+0.0100%8h0.4684+0.288%$2.1M$1.7Mas long as short
edgeX WLDUSDC+0.0100%4h0.4669−0.023%$28K$319K20xas long as short
GRVT WLD_USDT_Perp+0.0100%8h0.4667−0.071%$616K$1.9M10xas long as short
ApeX Omni WLDUSDT+0.0100%1h0.4658−0.263%$51K$236K50xas long as short
Polymarket Perps WLD-USD+0.0100%1h0.4686+0.325%$64K$2.0M10xas long as short
SunX WLD-USDT+0.0100%8h0.4689+0.400%$23K$1.6M50xas long as short
SoDEX WLD-USD+0.0100%1h0.4676+0.122%$296$5K10xas long as short
HTX WLD-USDT+0.0100%8h0.4673+0.058%$855K$1.9M50xas long as short
Phemex WLDUSDT+0.0100%8h0.4668−0.049%$1.9M$3.7M50xas long as short
Extended WLD-USD+0.0104%1h0.4658−0.255%$215K$887K10xas long as short
Aevo WLD-PERP+0.0104%1h0.4682+0.257%$32K$6003xas long as short
Reya WLDRUSDPERP+0.0134%1h0.4683+0.266%20xas long as short
Deribit WLD_USDC-PERPETUAL+0.0177%1h0.4680+0.208%$121K$923K25xas long as short
GMX WLD/USD [ETH-USDC]L +0.0230% / S −0.1268%1h0.4683+0.271%$5K100xas long as short
01 Exchange WLDUSD+0.0264%1h0.4689+0.396%$335$805xas long as short
Coinbase International WLD-PERP-INTX+0.0480%1h0.4671+0.015%$277K$1.7M50xas long as short
Hyperliquid WLD+0.0595%1h0.4673+0.054%$52.0M$43.4M10xas long as short
Injective WLD/USDC PERP+0.0677%1h0.4650−0.435%$6K$185K5.5xas long as short
Kraken Futures PF_WLDUSD+0.0885%1h0.4678+0.170%$909K$2.9M50xas long as short
Lighter WLD+0.0952%1h0.4678+0.161%$5.3M$2.1M10xas long as short