Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h —

Price spread now: Lighter against BloFin−0.136%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.136% cheaper against BloFin than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 27 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WDC-USDT	441.63	0.0015	pay 0.0015% / 8h	7h 43m	$139K	$95K	20x
Short	Lighter WDC	441.03	0.0032	get 0.0004% / 1h	43m 12s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.136%Rate

Funding earned: $3.57
Price spread: −0.136% → 0.000%: −$13.59
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.02
Costs to cover: 0.120%
Break-even: 50.2 days

Slippage unknown: BloFin: live order book, 21 min ago; Lighter: 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 BloFin live order book, 21 min ago	0.90 bp	12.0 bp −$12	22.0 bp −$220	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	−0.0964%	4h	441.70	+0.015%	$49K	$231K	10x	as long as short
Bitget WDCUSDT	−0.0332%	8h	441.56	−0.016%	$1.1M	$1.1M	20x	as long as short
Aster WDCUSDT	0.0000%	8h	441.44	−0.043%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	441.27	−0.081%	$2K	$188K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	441.37	−0.059%	$7.3M	$25.8M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	441.61	−0.005%	$1.9M	$711K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	441.60	−0.007%	$2.0M	$4.3M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	441.50	−0.029%	$1.9M	$2.3M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	442.01	+0.086%	$513	$145K	10x	as long as short
BloFin WDC-USDTlong	+0.0015%	8h	441.63	long leg	$139K	$95K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0028%	1h	441.31	−0.072%	$1.1M	$3.0M	10x	as long as short
Lighter WDCshort	+0.0032%	1h	441.03	−0.136%	—	—	10x
tradeXYZ xyz:WDC	+0.0050%	1h	441.43	−0.045%	$2.3M	$2.1M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	441.40	−0.052%	$272K	$81K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	441.26	−0.084%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	441.40	−0.052%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	441.82	+0.043%	$33K	$9K	20x	as long as short