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 +0.006%

Price spread now: Bybit against Binance−0.027%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 2 days (all we have)+0.046%+$5 · spread now −0.027%, 7d avg +0.003%

Together, before fees+0.091%+$9 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: Bybit is 0.030% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WDCUSDT	452.42	0	get 0.0000% / 8h	7h 10m	$7.6M	$25.1M	20x
Short	Bybit WDCUSDT	452.30	0	get 0.0000% / 8h	7h 10m	$2.0M	$818K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.003%: −$3
Slippage, 4 orders: −$40.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.67
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Bybit: 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 Binance live order book, 1 min ago	1.00 bp	8.9 bp −$9	27.3 bp −$273	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.22 bp	20.8 bp −$21	113.6 bp −$1,136	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	−0.0027%	8h	452.12	−0.067%	$102K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	451.65	−0.171%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	452.32	−0.022%	$4K	$133K	10x	as long as short
Binance WDCUSDTlong	0.0000%	8h	452.42	long leg	$7.6M	$25.1M	20x
Bybit WDCUSDTshort	0.0000%	8h	452.30	−0.027%	$2.0M	$818K	25x
Gate WDC_USDT	0.0000%	8h	452.20	−0.049%	$2.0M	$2.6M	50x	as long as short
QFEX WDC-USD	+0.0031%	1h	452.37	−0.012%	$1.1M	$3.8M	10x	as long as short
Lighter WDC	+0.0032%	1h	451.70	−0.160%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0057%	8h	452.44	+0.004%	$2.2M	$4.0M	20x	as long as short
tradeXYZ xyz:WDC	+0.0087%	1h	452.03	−0.087%	$2.4M	$2.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	451.83	−0.131%	$301K	$16K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	451.86	−0.125%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.90	−0.116%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	450.91	−0.335%	$33K	$8K	10x	as long as short
Bitget WDCUSDT	+0.0110%	8h	452.31	−0.025%	$1.2M	$1.1M	20x	as long as short
edgeX WDCUSDC	+0.0586%	4h	452.49	+0.014%	$50K	$231K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0847%	8h	452.42	0.000%	$946	$167K	10x	as long as short