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: Bitget against Bybit−0.042%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1031.035% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 7 days+0.045%+$5 · spread now −0.042%, 7d avg +0.010%

Together, before fees−0.103%−$10 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: Bitget is 0.052% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WDCUSDT	451.17	0	get 0.0000% / 8h	4h 46m	$2.0M	$816K	25x
Short	Bitget WDCUSDT	450.98	0	get 0.0000% / 8h	4h 46m	$1.2M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.010%: −$5.18
Slippage, 4 orders: −$80.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$108.67
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	2.44 bp	17.0 bp −$17	139.3 bp −$1,393	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.22 bp	38.7 bp −$39	197.0 bp −$1,970	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
Aster WDCUSDT	0.0000%	8h	450.99	−0.040%	$11K	$115K	20x	as long as short
Bybit WDCUSDTlong	0.0000%	8h	451.17	long leg	$2.0M	$816K	25x
Gate WDC_USDT	0.0000%	8h	451.00	−0.038%	$1.9M	$2.4M	50x	as long as short
Bitget WDCUSDTshort	0.0000%	8h	450.98	−0.042%	$1.2M	$1.1M	20x
Lighter WDC	+0.0032%	1h	450.54	−0.140%	—	—	10x	as long as short
BloFin WDC-USDT	+0.0043%	8h	451.18	+0.002%	$146K	$94K	20x	as long as short
Extended WDC-USD	+0.0048%	1h	451.09	−0.018%	$3K	$132K	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	450.80	−0.082%	$2.4M	$2.1M	10x	as long as short
Binance WDCUSDT	+0.0050%	8h	451.21	+0.009%	$7.5M	$24.7M	20x	as long as short
QFEX WDC-USD	+0.0058%	1h	451.09	−0.018%	$1.1M	$3.4M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	450.98	−0.042%	$277K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.98	−0.042%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.20	+0.007%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.23	+0.013%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0143%	8h	451.08	−0.020%	$2.2M	$3.9M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0271%	8h	451.04	−0.029%	$528	$157K	10x	as long as short
edgeX WDCUSDC	+0.0569%	4h	450.88	−0.065%	$50K	$230K	10x	as long as short