WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.007%

Price spread now: KuCoin against Binance−0.072%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1941.939% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 2 days (all we have)+0.069%+$7 · spread now −0.072%, 7d avg −0.032%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.039% cheaper against Binance than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.032%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WDCUSDT	449.28	0	get 0.0000% / 8h	17m 52s	$7.7M	$25.6M	20x
Short	KuCoin WDCUSDTM	448.96	0.0100	get 0.0100% / 8h	17m 52s	$299K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $21
Price spread: −0.072% → −0.032%: −$3.92
Slippage, 4 orders: −$171.87
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$176.8
Costs to cover: 1.939%
Break-even: 65.9 days

Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 43 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, 8 min ago	0.56 bp	11.0 bp −$11	33.5 bp −$335	doesn't fit	doesn't fit
Sell KuCoin live order book, 43 min ago	16.58 bp	60.2 bp −$60	doesn't fit	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	−0.0016%	8h	449.22	−0.014%	$146K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.16	−0.027%	$20K	$105K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.20	−0.018%	$6K	$140K	10x	as long as short
Binance WDCUSDTlong	0.0000%	8h	449.28	long leg	$7.7M	$25.6M	20x
Gate WDC_USDT	0.0000%	8h	449.10	−0.040%	$2.0M	$2.9M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	449.12	−0.036%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.19	−0.020%	$858	$173K	10x	as long as short
Lighter WDC	+0.0032%	1h	448.79	−0.109%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0033%	8h	449.27	−0.003%	$2.2M	$4.1M	20x	as long as short
Bybit WDCUSDT	+0.0058%	8h	449.37	+0.020%	$1.9M	$803K	25x	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	+0.0069%	1h	449.15	−0.029%	$1.1M	$3.9M	10x	as long as short
KuCoin WDCUSDTMshort	+0.0100%	8h	448.96	−0.072%	$299K	$17K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	448.98	−0.067%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.20	−0.018%	—	$2.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.25	−0.007%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0106%	1h	448.95	−0.074%	$2.4M	$2.5M	10x	as long as short
edgeX WDCUSDC	+0.0278%	4h	449.08	−0.046%	$50K	$230K	10x	as long as short