Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.060%

Price spread now: Gate against edgeX−0.044%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.044%, 7d avg −0.001%

Together, before fees+0.496%+ Points / potential airdropedgeX: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.043% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WDCUSDC	450.60	0.0120	pay 0.0060% / 4h	2h 18m	$50K	$230K	10x
Short	Gate WDC_USDT	450.40	0	get 0.0000% / 8h	6h 18m	$2.0M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.044%Rate

Funding earned: −$25.1
Price spread: −0.044% → −0.001%: −$4.32
Slippage, 4 orders: −$41.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$94.87
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from edgeX: live order book, 48 min ago; Gate: live order book, 4 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, 48 min ago	4.31 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.22 bp	22.3 bp −$22	281.0 bp −$2,810	doesn't fit	doesn't fit

WDC on 16 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
Aster WDCUSDT	0.0000%	8h	450.11	−0.109%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	450.30	−0.067%	$4K	$134K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.53	−0.015%	$7.5M	$25.0M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	450.43	−0.038%	$2.0M	$824K	25x	as long as short
Gate WDC_USDTshort	0.0000%	8h	450.40	−0.044%	$2.0M	$2.6M	50x
Bitget WDCUSDT	0.0000%	8h	450.70	+0.022%	$1.2M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	450.00	−0.133%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0048%	8h	450.93	+0.073%	$2.2M	$4.0M	20x	as long as short
tradeXYZ xyz:WDC	+0.0060%	1h	450.14	−0.102%	$2.4M	$2.2M	10x	as long as short
QFEX WDC-USD	+0.0062%	1h	450.58	−0.004%	$1.1M	$3.7M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	450.36	−0.053%	$277K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.43	−0.038%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	450.70	+0.022%	—	$2.5M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	450.82	+0.049%	$33K	$8K	10x	as long as short
edgeX WDCUSDClong	+0.0120%	4h	450.60	long leg	$50K	$230K	10x
GRVT WDC_USDT_Perp	+0.0460%	8h	450.83	+0.051%	$595	$161K	10x	as long as short