Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster+0.097%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1811.808% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)+0.393%+$39 · spread now +0.097%, 7d avg +0.006%

Together, before fees+0.556%+ Points / potential airdropAster: Stage 5 · farm board+$56 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.091% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WDCUSDT	450.36	0	get 0.0000% / 8h	5h 39m	$11K	$115K	20x
Short	Binance WDCUSDT	450.80	0	get 0.0000% / 8h	5h 39m	$7.5M	$24.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.006%: $9.15
Slippage, 4 orders: −$162.8
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$171.65
Costs to cover: 1.808%
Break-even: never at this rate

Slippage from Aster: live order book, 21 min ago; Binance: 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 Aster live order book, 21 min ago	3.11 bp	75.0 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.11 bp	11.5 bp −$11	40.9 bp −$409	199.3 bp −$19.9K	doesn't fit

WDC on 17 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
edgeX WDCUSDC	−0.0478%	4h	450.67	+0.068%	$50K	$230K	10x	as long as short
BloFin WDC-USDT	−0.0011%	8h	450.86	+0.110%	$145K	$94K	20x	as long as short
Aster WDCUSDTlong	0.0000%	8h	450.36	long leg	$11K	$115K	20x
Extended WDC-USD	0.0000%	1h	450.78	+0.092%	$5K	$136K	10x	as long as short
Binance WDCUSDTshort	0.0000%	8h	450.80	+0.097%	$7.5M	$24.7M	20x
Bybit WDCUSDT	0.0000%	8h	450.92	+0.124%	$2.0M	$822K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	450.70	+0.075%	$1.9M	$2.5M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	450.80	+0.097%	$1.2M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	450.27	−0.021%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	450.31	−0.012%	$2.4M	$2.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0050%	1h	450.71	+0.077%	$1.1M	$3.5M	10x	as long as short
OKX WDC-USDT-SWAP	+0.0076%	8h	450.93	+0.126%	$2.2M	$3.9M	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	450.67	+0.068%	$277K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.51	+0.033%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	450.80	+0.097%	—	$2.5M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	450.83	+0.104%	$33K	$8K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0361%	8h	450.73	+0.081%	$527	$157K	10x	as long as short