Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h +0.066%

Price spread now: Bybit against edgeX+0.037%91s7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as 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−$720.722% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.037%, 7d avg +0.022%

Together, before fees+0.215%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.225%, so the current rate has only just turned against you. The two prices were read 91 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	edgeX WDCUSDC	452.18	0.0037	pay 0.0018% / 4h	3h 06m	$50K	$230K	10x
Short	Bybit WDCUSDT	452.35	0	get 0.0000% / 8h	7h 06m	$2.0M	$815K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee edgeXbpFee BybitbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$7.72
Price spread: +0.037% → +0.022%: $1.48
Slippage, 4 orders: −$52.23
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$78.46
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Bybit: live order book, 6 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 edgeX live order book, 1 min ago	4.31 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.22 bp	20.8 bp −$21	113.6 bp −$1,136	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
BloFin WDC-USDT	−0.0001%	8h	452.75	+0.126%	$102K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	451.51	−0.148%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	452.19	+0.002%	$4K	$133K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	452.40	+0.049%	$7.6M	$24.8M	20x	as long as short
Bybit WDCUSDTshort	0.0000%	8h	452.35	+0.037%	$2.0M	$815K	25x
Gate WDC_USDT	0.0000%	8h	452.30	+0.026%	$2.0M	$2.6M	50x	as long as short
QFEX WDC-USD	+0.0031%	1h	452.03	−0.034%	$1.1M	$3.8M	10x	as long as short
Lighter WDC	+0.0032%	1h	451.42	−0.168%	—	—	10x	as long as short
edgeX WDCUSDClong	+0.0037%	4h	452.18	long leg	$50K	$230K	10x
OKX WDC-USDT-SWAP	+0.0051%	8h	452.59	+0.090%	$2.2M	$4.0M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDC	+0.0085%	1h	451.89	−0.065%	$2.4M	$2.2M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	451.78	−0.089%	$301K	$16K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	451.97	−0.047%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	452.30	+0.026%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	452.81	+0.139%	$33K	$8K	10x	as long as short
Bitget WDCUSDT	+0.0122%	8h	452.44	+0.057%	$1.2M	$1.1M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0844%	8h	452.36	+0.038%	$923	$162K	10x	as long as short