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: Orderly against Binance−0.046%49s7-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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.046% cheaper against Binance than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$3 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WDCUSDT	449.39	0	get 0.0000% / 8h	1h 20m	$7.8M	$25.6M	20x
Short	Orderly PERP_WDC_USDC_mythos	449.18	0.0100	get 0.0100% / 8h	1h 20m	$9K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.046%Rate

Funding earned: $21
Price spread: −0.046% → 0.000%: −$4.6
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.4
Costs to cover: 0.160%
Break-even: 6.9 days

Slippage unknown: Binance: live order book, 6 min ago; Orderly: 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, 6 min ago	0.78 bp	10.1 bp −$10	28.2 bp −$282	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
edgeX WDCUSDC	−0.0343%	4h	449.50	+0.025%	$50K	$230K	10x	as long as short
BloFin WDC-USDT	−0.0025%	8h	449.54	+0.034%	$146K	$93K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.32	−0.014%	$20K	$105K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.31	−0.016%	$6K	$141K	10x	as long as short
Binance WDCUSDTlong	0.0000%	8h	449.39	long leg	$7.8M	$25.6M	20x
Bybit WDCUSDT	0.0000%	8h	449.47	+0.018%	$1.9M	$794K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	449.10	−0.064%	$2.0M	$3.0M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	449.37	−0.004%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.47	+0.018%	$1K	$177K	10x	as long as short
QFEX WDC-USD	+0.0015%	1h	449.26	−0.028%	$1.1M	$3.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WDC	+0.0032%	1h	448.93	−0.102%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0045%	8h	449.41	+0.005%	$2.2M	$4.1M	20x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	449.09	−0.066%	$2.4M	$2.5M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	449.01	−0.084%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythosshort	+0.0100%	8h	449.18	−0.046%	$9K	$2K	10x
SunX WDC-USDT	+0.0100%	8h	449.40	+0.003%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.57	+0.041%	$33K	$9K	10x	as long as short