WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h −0.001%

Price spread now: BloFin against Bybit−0.139%112s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$740.740% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.370%+$37 · spread now −0.139%, 7d avg 0.000%

Together, before fees+0.326%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.139% cheaper against Bybit than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of 0.000%). If the spread goes back, that is −$14 on $10k: about 23 days of funding at the current rate (+$1 a day). The two prices were read 112 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	Bybit WDCUSDT	438.47	0	get 0.0000% / 8h	7h 27m	$1.8M	$718K	25x
Short	BloFin WDC-USDT	437.86	0.0020	get 0.0020% / 8h	7h 27m	$139K	$95K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.139%Rate

Funding earned: $4.23
Price spread: −0.139% → 0.000%: −$13.92
Slippage, 4 orders: −$51.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$83.74
Costs to cover: 0.740%
Break-even: 145.7 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 37 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	2.40 bp	22.2 bp −$22	150.2 bp −$1,502	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	0.90 bp	12.6 bp −$13	24.8 bp −$248	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
Bitget WDCUSDT	−0.0293%	8h	438.48	+0.002%	$1.1M	$1.1M	20x	as long as short
Aster WDCUSDT	0.0000%	8h	439.07	+0.137%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	438.47	0.000%	$7K	$192K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	438.87	+0.091%	$7.2M	$26.0M	20x	as long as short
Bybit WDCUSDTlong	0.0000%	8h	438.47	long leg	$1.8M	$718K	25x
OKX WDC-USDT-SWAP	0.0000%	8h	438.75	+0.064%	$2.0M	$4.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	438.30	−0.039%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	437.76	−0.162%	$521	$142K	10x	as long as short
edgeX WDCUSDC	+0.0009%	4h	437.89	−0.131%	$48K	$230K	10x	as long as short
BloFin WDC-USDTshort	+0.0020%	8h	437.86	−0.139%	$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	438.03	−0.100%	$1.1M	$3.0M	10x	as long as short
Lighter WDC	+0.0032%	1h	438.04	−0.098%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	438.27	−0.046%	$2.3M	$2.1M	10x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	438.32	−0.034%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	438.50	+0.007%	$271K	$100K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	438.50	+0.007%	—	$2.3M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	437.97	−0.114%	$32K	$8K	20x	as long as short