Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.004%

Price spread now: Extended against BloFin−0.045%74s7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.699% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.045%, 7d avg −0.034%

Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 74 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	BloFin WDC-USDT	444.94	−0.0027	get 0.0027% / 8h	5h 51m	$137K	$100K	20x
Short	Extended WDC-USD	444.74	0	get 0.0000% / 1h	51m 48s	$4K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.045%Rate

Funding earned: $5.74
Price spread: −0.045% → −0.034%: −$1.08
Slippage, 4 orders: −$52.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$65.27
Costs to cover: 0.699%
Break-even: 86.6 days

Slippage from BloFin: live order book, 52 min ago; Extended: live order book, 56 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 BloFin live order book, 52 min ago	0.90 bp	15.4 bp −$15	24.7 bp −$247	doesn't fit	doesn't fit
Sell Extended live order book, 56 min ago	5.66 bp	19.9 bp −$20	109.0 bp −$1,090	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-USDTlong	−0.0027%	8h	444.94	long leg	$137K	$100K	20x
Aster WDCUSDT	0.0000%	8h	444.22	−0.161%	$10K	$136K	20x	as long as short
Extended WDC-USDshort	0.0000%	1h	444.74	−0.045%	$4K	$193K	10x
Binance WDCUSDT	0.0000%	8h	444.93	−0.002%	$7.3M	$26.3M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	445.01	+0.016%	$1.9M	$712K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	445.18	+0.054%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	444.80	−0.031%	$1.9M	$2.1M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	445.00	+0.013%	$1.1M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	444.14	−0.180%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	444.39	−0.124%	$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	−0.083%	$1.1M	$3.1M	10x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	444.46	−0.108%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	444.38	−0.126%	$274K	$205K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	445.00	+0.013%	—	$1.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	445.01	+0.016%	$33K	$7K	20x	as long as short
GRVT WDC_USDT_Perp	+0.0317%	8h	444.65	−0.064%	$529	$136K	10x	as long as short
edgeX WDCUSDC	+0.0513%	4h	444.35	−0.132%	$49K	$228K	10x	as long as short