Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h —

Price spread now: Lighter against edgeX+0.065%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.065% dearer against edgeX than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WDCUSDC	449.56	0.0287	pay 0.0144% / 4h	3h 52m	$50K	$230K	10x
Short	Lighter WDC	449.85	0.0032	get 0.0004% / 1h	52m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$53.59
Price spread: +0.065% → 0.000%: $6.55
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$56.04
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 19 min ago; Lighter: no order-book sample. Net counts fees only.

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, 19 min ago	1.67 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster WDCUSDT	0.0000%	8h	450.14	+0.130%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	450.35	+0.177%	$6K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.32	+0.170%	$7.7M	$25.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	450.20	+0.143%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	450.53	+0.217%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.60	+0.010%	$1K	$171K	10x	as long as short
BloFin WDC-USDT	+0.0002%	8h	450.02	+0.103%	$145K	$94K	20x	as long as short
OKX WDC-USDT-SWAP	+0.0014%	8h	450.59	+0.230%	$2.2M	$4.1M	20x	as long as short
QFEX WDC-USD	+0.0031%	1h	450.33	+0.172%	$1.1M	$4.0M	10x	as long as short
Lighter WDCshort	+0.0032%	1h	449.85	+0.065%	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	450.11	+0.123%	$300K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.12	+0.126%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	450.40	+0.188%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	450.70	+0.255%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0109%	1h	449.82	+0.059%	$2.4M	$2.2M	10x	as long as short
edgeX WDCUSDClong	+0.0287%	4h	449.56	long leg	$50K	$230K	10x
Bybit WDCUSDT	+0.0459%	8h	450.38	+0.183%	$1.9M	$787K	25x	as long as short