Funding you earn now, next payment 16:00 UTC+0.0339%/8h= +37.1% APRnext payment +$3.39 per $10,000 · paid last 24h +0.038%
Price spread now: OKX against Bitget+0.034%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$970.971% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now +0.034%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.025% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.230% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WDCUSDT | 441.65 | −0.0339 | get 0.0339% / 8h | 7h 45m | $1.1M | $1.1M | 20x |
| Short | OKX WDC-USDT-SWAP | 441.80 | 0 | get 0.0000% / 8h | 7h 45m | $2.0M | $4.3M | 20x |
Bitget WDCUSDT
OKX WDC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $71.19
- Price spread: +0.034% → +0.009%
- $2.51
- Slippage, 4 orders
- −$75.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$23.4
- Costs to cover
- 0.971%
- Break-even
- 9.3 days
Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago | 2.27 bp | 23.0 bp −$23 | 77.1 bp −$771 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.81 bp | 17.1 bp −$17 | 106.3 bp −$1,063 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget WDCUSDTlong | −0.0339% | 8h | 441.65 | long leg | $1.1M | $1.1M | 20x | |
| edgeX WDCUSDC | −0.0298% | 4h | 441.41 | −0.055% | $49K | $230K | 10x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 441.17 | −0.109% | $10K | $136K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 441.31 | −0.078% | $2K | $188K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 441.46 | −0.044% | $7.3M | $25.8M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 441.10 | −0.125% | $1.9M | $707K | 25x | as long as short |
| OKX WDC-USDT-SWAPshort | 0.0000% | 8h | 441.80 | +0.034% | $2.0M | $4.3M | 20x | |
| Gate WDC_USDT | 0.0000% | 8h | 441.40 | −0.057% | $1.9M | $2.3M | 50x | as long as short |
| GRVT WDC_USDT_Perp | 0.0000% | 8h | 441.15 | −0.114% | $512 | $145K | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0003% | 1h | 441.12 | −0.120% | $2.3M | $2.1M | 10x | as long as short |
edgeX WDCUSDC
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
GRVT WDC_USDT_Perp
tradeXYZ xyz:WDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin WDC-USDT | +0.0021% | 8h | 441.33 | −0.072% | $140K | $95K | 20x | as long as short |
| QFEX WDC-USD | +0.0028% | 1h | 441.29 | −0.082% | $1.1M | $3.0M | 10x | as long as short |
| Lighter WDC | +0.0032% | 1h | 440.95 | −0.158% | — | — | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 441.19 | −0.104% | $272K | $80K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 440.89 | −0.172% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 441.20 | −0.102% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 441.88 | +0.052% | $33K | $9K | 20x | as long as short |
BloFin WDC-USDT
QFEX WDC-USD
Lighter WDC
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT