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 +0.003%

Price spread now: BloFin against Bitget+0.067%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.251%+$25 · spread now +0.067%, 7d avg +0.004%

Together, before fees+0.342%+$34 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: BloFin is 0.062% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WDCUSDT	450.66	0	get 0.0000% / 8h	5h 32m	$1.2M	$1.1M	20x
Short	BloFin WDC-USDT	450.96	0.0000	pay 0.0000% / 8h	5h 32m	$145K	$94K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$0.09
Price spread: +0.067% → +0.004%: $6.23
Slippage, 4 orders: −$63.09
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$80.94
Costs to cover: 0.871%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; BloFin: live order book, 4 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 Bitget live order book, 3 min ago	3.99 bp	27.2 bp −$27	50.5 bp −$505	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.77 bp	11.9 bp −$12	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-USDTshort	0.0000%	8h	450.96	+0.067%	$145K	$94K	20x
Aster WDCUSDT	0.0000%	8h	450.53	−0.030%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	450.74	+0.018%	$2.0M	$823K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	450.60	−0.013%	$1.9M	$2.5M	50x	as long as short
Bitget WDCUSDTlong	0.0000%	8h	450.66	long leg	$1.2M	$1.1M	20x
Extended WDC-USD	+0.0008%	1h	450.50	−0.035%	$5K	$134K	10x	as long as short
Binance WDCUSDT	+0.0011%	8h	450.63	−0.007%	$7.5M	$24.7M	20x	as long as short
Lighter WDC	+0.0032%	1h	450.45	−0.047%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	450.24	−0.093%	$2.4M	$2.1M	10x	as long as short
QFEX WDC-USD	+0.0050%	1h	450.53	−0.029%	$1.1M	$3.5M	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	+0.0084%	8h	450.87	+0.047%	$2.2M	$3.9M	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	450.90	+0.053%	$277K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.70	+0.009%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	450.90	+0.053%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.08	+0.093%	$33K	$8K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0371%	8h	450.94	+0.061%	$528	$157K	10x	as long as short
edgeX WDCUSDC	+0.0509%	4h	450.80	+0.032%	$50K	$231K	10x	as long as short