Funding arb · Price arb /

WDC

RWAall WDC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.020%

Price spread now: tradeXYZ against BloFin−0.076%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.076%, 7d avg −0.037%

Together, before fees+0.047%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.039% cheaper against BloFin than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.037%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.033% in total) that is about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WDC-USDT	448.16	0.0005	pay 0.0005% / 8h	3h 41m	$145K	$94K	20x
Short	tradeXYZ xyz:WDC	447.82	0.0050	get 0.0006% / 1h	41m 03s	$2.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.076%Rate

Funding earned: $9.35
Price spread: −0.076% → −0.037%: −$3.86
Slippage, 4 orders: −$19.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$43.75
Costs to cover: 0.492%
Break-even: 39.7 days

Slippage from BloFin: live order book, 48 min ago; tradeXYZ: live order book, 7 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, 48 min ago	0.89 bp	10.2 bp −$10	18.9 bp −$189	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.45 bp	14.2 bp −$14	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
edgeX WDCUSDC	−0.0660%	4h	448.48	+0.071%	$50K	$229K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	448.07	−0.020%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	448.06	−0.022%	$1.9M	$839K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	448.00	−0.036%	$1.9M	$2.4M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	448.38	+0.049%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDTlong	+0.0005%	8h	448.16	long leg	$145K	$94K	20x
Extended WDC-USD	+0.0024%	1h	447.95	−0.046%	$4K	$132K	10x	as long as short
Binance WDCUSDT	+0.0027%	8h	447.95	−0.047%	$7.4M	$24.8M	20x	as long as short
Lighter WDC	+0.0032%	1h	447.85	−0.069%	—	—	10x	as long as short
QFEX WDC-USD	+0.0037%	1h	448.17	+0.002%	$1.1M	$3.3M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDCshort	+0.0050%	1h	447.82	−0.076%	$2.4M	$2.1M	10x
GRVT WDC_USDT_Perp	+0.0061%	8h	448.61	+0.100%	$520	$156K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	447.99	−0.038%	$274K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	447.96	−0.045%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	448.10	−0.013%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	448.15	−0.002%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0139%	8h	447.97	−0.042%	$2.1M	$4.0M	20x	as long as short