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 −0.006%

Price spread now: Binance against Bybit+0.024%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$990.993% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.024%, 7d avg +0.002%

Together, before fees−0.057%−$6 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: Binance is 0.023% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WDCUSDT	445.73	0	get 0.0000% / 8h	2h 52m	$1.9M	$865K	25x
Short	Binance WDCUSDT	445.84	0	get 0.0000% / 8h	2h 52m	$7.3M	$25.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.002%: $2.25
Slippage, 4 orders: −$78.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$97.03
Costs to cover: 0.993%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 3 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 Bybit live order book, 4 min ago	2.81 bp	58.7 bp −$59	140.7 bp −$1,407	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.59 bp	10.0 bp −$10	32.8 bp −$328	146.0 bp −$14.6K	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 WDCUSDT	−0.0146%	8h	445.69	−0.009%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0014%	8h	445.64	−0.020%	$143K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	445.45	−0.064%	$10K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	445.58	−0.034%	$6K	$165K	10x	as long as short
Binance WDCUSDTshort	0.0000%	8h	445.84	+0.024%	$7.3M	$25.2M	20x
Bybit WDCUSDTlong	0.0000%	8h	445.73	long leg	$1.9M	$865K	25x
Gate WDC_USDT	0.0000%	8h	445.70	−0.007%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	444.90	−0.186%	$521	$155K	10x	as long as short
QFEX WDC-USD	+0.0018%	1h	445.32	−0.092%	$1.1M	$3.2M	10x	as long as short
Lighter WDC	+0.0032%	1h	445.00	−0.164%	—	—	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:WDC	+0.0050%	1h	445.37	−0.081%	$2.4M	$2.1M	10x	as long as short
OKX WDC-USDT-SWAP	+0.0071%	8h	445.87	+0.031%	$2.1M	$4.1M	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	445.32	−0.092%	$273K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	445.24	−0.110%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	445.40	−0.074%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	446.05	+0.072%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0385%	4h	444.72	−0.227%	$49K	$229K	10x	as long as short