Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Binance−0.079%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.079% cheaper against Binance than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WDCUSDT	443.24	0	get 0.0000% / 8h	1h 55m	$7.3M	$25.4M	20x
Short	Lighter WDC	442.89	0.0032	get 0.0004% / 1h	55m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.079%Rate

Funding earned: $6.72
Price spread: −0.079% → 0.000%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.18
Costs to cover: 0.100%
Break-even: 18.6 days

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	1.13 bp	12.8 bp −$13	28.0 bp −$280	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
Bitget WDCUSDT	−0.0397%	8h	443.57	+0.074%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0009%	8h	443.70	+0.104%	$142K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	443.64	+0.090%	$20K	$125K	20x	as long as short
Extended WDC-USD	0.0000%	1h	443.12	−0.027%	$6K	$171K	10x	as long as short
Binance WDCUSDTlong	0.0000%	8h	443.24	long leg	$7.3M	$25.4M	20x
Bybit WDCUSDT	0.0000%	8h	443.23	−0.002%	$1.9M	$889K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	443.10	−0.032%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	+0.0026%	8h	444.54	+0.293%	$520	$150K	10x	as long as short
Lighter WDCshort	+0.0032%	1h	442.89	−0.079%	—	—	10x
QFEX WDC-USD	+0.0057%	1h	443.43	+0.043%	$1.1M	$3.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WDC-USDT-SWAP	+0.0071%	8h	443.40	+0.036%	$2.1M	$4.2M	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	443.18	−0.014%	$273K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.98	−0.059%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	443.50	+0.059%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	443.81	+0.129%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0190%	4h	444.17	+0.210%	$49K	$229K	10x	as long as short
tradeXYZ xyz:WDC	+0.0206%	1h	442.96	−0.063%	$2.3M	$2.1M	10x	as long as short