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

WDC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0817%/8h= +89.5% APRpaid last 24h −0.004%
Price spread now: BloFin against edgeX−0.249%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$420.416% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.249%, 7d avg +0.017%
Together, before fees+0.309%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.266% cheaper against edgeX than usual: you would sell low and buy high (spread −0.249% now, against its 7-day average of +0.017%). If the spread goes back, that is −$27 on $10k: about 26 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.078% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX WDCUSDC449.54−0.0786get 0.0393% / 4h3h 49m$50K$230K10x
ShortBloFin WDC-USDT448.420.0031get 0.0031% / 8h3h 49m$146K$94K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$171.58
Price spread: −0.249% → +0.017%
−$26.57
Slippage, 4 orders
−$20.57
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
$103.45
Costs to cover
0.416%
Break-even
2.8 days
Slippage from edgeX: live order book, 3 min ago; BloFin: live order book, 40 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, 3 min ago2.00 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 40 min ago0.89 bp9.8 bp −$1018.5 bp −$185doesn'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 WDCUSDClong−0.0786%4h449.54long leg$50K$230K10x
Aster WDCUSDT0.0000%8h448.34−0.267%$11K$115K20xas long as short
Bybit WDCUSDT0.0000%8h448.00−0.342%$1.9M$837K25xas long as short
Gate WDC_USDT0.0000%8h448.20−0.298%$1.9M$2.4M50xas long as short
Bitget WDCUSDT0.0000%8h448.23−0.291%$1.1M$1.1M20xas long as short
BloFin WDC-USDTshort+0.0031%8h448.42−0.249%$146K$94K20x
Lighter WDC+0.0032%1h448.25−0.286%10xas long as short
Extended WDC-USD+0.0032%1h448.29−0.278%$4K$134K10xas long as short
Binance WDCUSDT+0.0036%8h447.98−0.346%$7.4M$24.8M20xas long as short
QFEX WDC-USD+0.0037%1h448.41−0.251%$1.1M$3.4M10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:WDC+0.0050%1h447.87−0.371%$2.4M$2.1M10xas long as short
GRVT WDC_USDT_Perp+0.0088%8h449.80+0.057%$531$156K10xas long as short
KuCoin WDCUSDTM+0.0100%8h448.38−0.257%$275K$45K20xas long as short
Orderly PERP_WDC_USDC_mythos+0.0100%8h448.28−0.280%$9K$2K10xas long as short
SunX WDC-USDT+0.0100%8h448.50−0.231%$2.4M10xas long as short
HTX WDC-USDT+0.0100%8h448.87−0.148%$33K$8K10xas long as short
OKX WDC-USDT-SWAP+0.0147%8h448.00−0.342%$2.2M$3.9M20xas long as short