Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Aster+0.023%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Lighter

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 airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.023% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WDCUSDT	451.72	0	get 0.0000% / 8h	7h 06m	$11K	$115K	20x
Short	Lighter WDC	451.82	0.0032	get 0.0004% / 1h	6m 40s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.023%Rate

Funding earned: $6.72
Price spread: +0.023% → 0.000%: $2.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.02
Costs to cover: 0.080%
Break-even: 5.9 days

Slippage unknown: Aster: live order book, 64 min ago; Lighter: 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 Aster live order book, 64 min ago	3.68 bp	56.2 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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.

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
BloFin WDC-USDT	−0.0001%	8h	452.75	+0.229%	$102K	$94K	20x	as long as short
Aster WDCUSDTlong	0.0000%	8h	451.72	long leg	$11K	$115K	20x
Extended WDC-USD	0.0000%	1h	452.38	+0.147%	$4K	$133K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	452.19	+0.105%	$7.6M	$24.8M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	452.26	+0.120%	$2.0M	$815K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	452.30	+0.129%	$2.0M	$2.6M	50x	as long as short
QFEX WDC-USD	+0.0031%	1h	452.29	+0.127%	$1.1M	$3.8M	10x	as long as short
Lighter WDCshort	+0.0032%	1h	451.82	+0.023%	—	—	10x
edgeX WDCUSDC	+0.0037%	4h	452.18	+0.103%	$50K	$230K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0052%	8h	452.27	+0.123%	$2.2M	$4.0M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDC	+0.0084%	1h	451.97	+0.056%	$2.4M	$2.2M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	451.94	+0.050%	$301K	$16K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	452.21	+0.109%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	452.60	+0.196%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	452.81	+0.242%	$33K	$8K	10x	as long as short
Bitget WDCUSDT	+0.0118%	8h	452.46	+0.165%	$1.2M	$1.1M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0844%	8h	452.36	+0.141%	$923	$162K	10x	as long as short