Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.009%

Price spread now: QFEX against Aster+0.124%7-day average −0.018% · 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−$119as in the Price arb table

costs, in and out, $10k−$1331.334% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.124%, 7d avg −0.018%

Together, before fees−0.075%+ Points / potential airdropAster: Stage 5 · farm board−$8 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 QFEX is 0.142% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster WDCUSDT	451.73	0	get 0.0000% / 8h	7h 07m	$11K	$115K	20x
Short	QFEX WDC-USD	452.29	0.0031	get 0.0004% / 1h	7m 09s	$1.1M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $6.47
Price spread: +0.124% → −0.018%: $14.2
Slippage, 4 orders: −$115.38
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$112.71
Costs to cover: 1.334%
Break-even: 129.0 days

Slippage from Aster: live order book, 64 min ago; QFEX: live order book, 6 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, 64 min ago	3.68 bp	56.2 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.99 bp	8.7 bp −$9	12.2 bp −$122	doesn't fit	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
BloFin WDC-USDT	−0.0001%	8h	452.75	+0.226%	$102K	$94K	20x	as long as short
Aster WDCUSDTlong	0.0000%	8h	451.73	long leg	$11K	$115K	20x
Extended WDC-USD	0.0000%	1h	452.47	+0.163%	$4K	$133K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	452.49	+0.169%	$7.6M	$24.8M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	452.51	+0.173%	$2.0M	$815K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	452.40	+0.149%	$2.0M	$2.6M	50x	as long as short
QFEX WDC-USDshort	+0.0031%	1h	452.29	+0.124%	$1.1M	$3.8M	10x
Lighter WDC	+0.0032%	1h	451.79	+0.014%	—	—	10x	as long as short
edgeX WDCUSDC	+0.0037%	4h	452.18	+0.100%	$50K	$230K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0052%	8h	452.55	+0.182%	$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	452.10	+0.082%	$2.4M	$2.2M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	451.99	+0.058%	$301K	$16K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	452.21	+0.107%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	452.60	+0.193%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	452.81	+0.239%	$33K	$8K	10x	as long as short
Bitget WDCUSDT	+0.0118%	8h	452.46	+0.162%	$1.2M	$1.1M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0844%	8h	452.36	+0.139%	$923	$162K	10x	as long as short