Settings8H · net · $10k
Funding arb · Price arb /

WDC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.005%
Price spread now: Extended against Bybit+0.014%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1151.145% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.014%, 7d avg −0.033%
Together, before fees−0.151%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit WDCUSDT451.380get 0.0000% / 8h4h 22m$1.9M$854K25x
ShortExtended WDC-USD451.440.0048get 0.0006% / 1h22m 09s$6K$132K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$10.08
Price spread: +0.014% → −0.033%
$4.67
Slippage, 4 orders
−$98.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$99.78
Costs to cover
1.145%
Break-even
76.3 days
Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.66 bp64.8 bp −$65144.3 bp −$1,443doesn't fitdoesn't fit
Sell Extended live order book, 34 min ago2.66 bp15.7 bp −$16194.1 bp −$1,941doesn't fitdoesn't fit

WDC on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX WDCUSDC−0.0923%4h451.19−0.041%$50K$229K10xas long as short
Aster WDCUSDT0.0000%8h450.97−0.092%$11K$115K20xas long as short
Bybit WDCUSDTlong0.0000%8h451.38long leg$1.9M$854K25x
Gate WDC_USDT0.0000%8h451.40+0.004%$1.9M$2.5M50xas long as short
Bitget WDCUSDT0.0000%8h451.50+0.027%$1.2M$1.1M20xas long as short
Lighter WDC+0.0032%1h450.64−0.164%10xas long as short
Binance WDCUSDT+0.0048%8h451.56+0.040%$7.5M$24.7M20xas long as short
Extended WDC-USDshort+0.0048%1h451.44+0.014%$6K$132K10x
tradeXYZ xyz:WDC+0.0050%1h451.15−0.051%$2.4M$2.1M10xas long as short
QFEX WDC-USD+0.0058%1h451.36−0.004%$1.1M$3.5M10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WDC-USDT+0.0065%8h451.34−0.009%$146K$94K20xas long as short
KuCoin WDCUSDTM+0.0100%8h451.04−0.075%$277K$45K20xas long as short
Orderly PERP_WDC_USDC_mythos+0.0100%8h451.21−0.038%$9K$2K10xas long as short
SunX WDC-USDT+0.0100%8h451.50+0.027%$2.4M10xas long as short
HTX WDC-USDT+0.0100%8h451.48+0.022%$33K$8K10xas long as short
OKX WDC-USDT-SWAP+0.0148%8h451.51+0.029%$2.2M$3.9M20xas long as short
GRVT WDC_USDT_Perp+0.0179%8h451.28−0.022%$542$156K10xas long as short