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−0.0074%/8h= −8.1% APRpaid last 24h +0.054%
Price spread now: Aster against edgeX−0.022%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1951.952% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.063%−$6 on $10k
Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.022%, 7d avg +0.014%
Together, before fees+0.030%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.036% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX WDCUSDC451.030.0074pay 0.0037% / 4h45m 03s$50K$231K10x
ShortAster WDCUSDT450.930get 0.0000% / 8h4h 45m$11K$115K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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
−$15.53
Price spread: −0.022% → +0.014%
−$3.63
Slippage, 4 orders
−$178.21
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$214.37
Costs to cover
1.952%
Break-even
never at this rate
Slippage from edgeX: live order book, 12 min ago; Aster: live order book, 11 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 edgeX live order book, 12 min ago1.88 bp9.5 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 11 min ago4.76 bp66.1 bp −$66doesn't fitdoesn'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
Aster WDCUSDTshort0.0000%8h450.93−0.022%$11K$115K20x
Bybit WDCUSDT0.0000%8h451.20+0.039%$2.0M$816K25xas long as short
Gate WDC_USDT0.0000%8h451.00−0.006%$1.9M$2.4M50xas long as short
Bitget WDCUSDT0.0000%8h450.99−0.008%$1.2M$1.1M20xas long as short
BloFin WDC-USDT+0.0023%8h451.29+0.059%$147K$94K20xas long as short
Lighter WDC+0.0032%1h450.80−0.050%10xas long as short
Extended WDC-USD+0.0048%1h451.17+0.032%$3K$132K10xas long as short
tradeXYZ xyz:WDC+0.0050%1h450.79−0.052%$2.4M$2.1M10xas long as short
Binance WDCUSDT+0.0051%8h451.25+0.049%$7.5M$24.7M20xas long as short
QFEX WDC-USD+0.0058%1h451.05+0.005%$1.1M$3.4M10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX WDCUSDClong+0.0074%4h451.03long leg$50K$231K10x
KuCoin WDCUSDTM+0.0100%8h450.99−0.008%$277K$45K20xas long as short
Orderly PERP_WDC_USDC_mythos+0.0100%8h451.01−0.003%$9K$2K10xas long as short
SunX WDC-USDT+0.0100%8h451.20+0.039%$2.4M10xas long as short
HTX WDC-USDT+0.0100%8h451.23+0.045%$33K$8K10xas long as short
OKX WDC-USDT-SWAP+0.0142%8h451.25+0.050%$2.2M$3.9M20xas long as short
GRVT WDC_USDT_Perp+0.0271%8h451.04+0.003%$528$157K10xas long as short