Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: OKX against Binance+0.047%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$750.750% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.047%, 7d avg +0.016%

Together, before fees+0.087%+$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: OKX is 0.031% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WDCUSDT	444.76	0	get 0.0000% / 8h	5h 52m	$7.3M	$26.3M	20x
Short	OKX WDC-USDT-SWAP	444.97	0	get 0.0000% / 8h	5h 52m	$2.0M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.016%: $3.1
Slippage, 4 orders: −$55.02
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71.92
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; OKX: live order book, 3 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, 12 min ago	0.22 bp	12.3 bp −$12	35.2 bp −$352	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.12 bp	31.3 bp −$31	122.8 bp −$1,228	doesn't fit	doesn't fit

WDC on 17 exchanges

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	444.94	+0.040%	$137K	$100K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	444.18	−0.131%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	444.63	−0.029%	$4K	$193K	10x	as long as short
Binance WDCUSDTlong	0.0000%	8h	444.76	long leg	$7.3M	$26.3M	20x
Bybit WDCUSDT	0.0000%	8h	444.90	+0.031%	$1.9M	$712K	25x	as long as short
OKX WDC-USDT-SWAPshort	0.0000%	8h	444.97	+0.047%	$2.0M	$4.5M	20x
Gate WDC_USDT	0.0000%	8h	444.70	−0.014%	$1.9M	$2.1M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	444.95	+0.043%	$1.1M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	444.15	−0.137%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	444.32	−0.099%	$2.3M	$2.1M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0067%	1h	444.57	−0.043%	$1.1M	$3.1M	10x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	444.39	−0.083%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	444.36	−0.090%	$274K	$204K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	444.80	+0.009%	—	$1.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	445.01	+0.056%	$33K	$7K	20x	as long as short
GRVT WDC_USDT_Perp	+0.0317%	8h	444.65	−0.024%	$529	$136K	10x	as long as short
edgeX WDCUSDC	+0.0513%	4h	444.35	−0.091%	$49K	$228K	10x	as long as short