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+0.0101%/8h= +11.1% APRpaid last 24h −0.004%
Price spread now: OKX against edgeX+0.177%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$420.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.198%+$20 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.177%, 7d avg +0.033%
Together, before fees+0.065%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.144% dearer against edgeX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX WDCUSDC448.310.0043pay 0.0021% / 4h3h 47m$50K$230K10x
ShortOKX WDC-USDT-SWAP449.110.0144get 0.0144% / 8h3h 47m$2.1M$3.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$21.23
Price spread: +0.177% → +0.033%
$14.42
Slippage, 4 orders
−$23.29
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$6.64
Costs to cover
0.423%
Break-even
9.2 days
Slippage from edgeX: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago2.00 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 5 min ago0.11 bp10.0 bp −$10102.1 bp −$1,021doesn'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 WDCUSDT0.0000%8h448.84+0.118%$11K$115K20xas long as short
Bybit WDCUSDT0.0000%8h448.81+0.110%$1.9M$838K25xas long as short
Gate WDC_USDT0.0000%8h448.70+0.086%$1.9M$2.4M50xas long as short
Bitget WDCUSDT0.0000%8h448.81+0.110%$1.1M$1.1M20xas long as short
BloFin WDC-USDT+0.0025%8h449.11+0.177%$146K$94K20xas long as short
Lighter WDC+0.0032%1h448.37+0.012%10xas long as short
Extended WDC-USD+0.0032%1h448.80+0.107%$4K$132K10xas long as short
Binance WDCUSDT+0.0034%8h448.92+0.135%$7.4M$24.8M20xas long as short
QFEX WDC-USD+0.0037%1h448.79+0.106%$1.1M$3.4M10xas long as short
edgeX WDCUSDClong+0.0043%4h448.31long leg$50K$230K10x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:WDC+0.0050%1h448.57+0.057%$2.4M$2.1M10xas long as short
GRVT WDC_USDT_Perp+0.0073%8h448.15−0.037%$529$156K10xas long as short
KuCoin WDCUSDTM+0.0100%8h448.82+0.113%$275K$45K20xas long as short
Orderly PERP_WDC_USDC_mythos+0.0100%8h448.71+0.088%$9K$2K10xas long as short
SunX WDC-USDT+0.0100%8h448.80+0.108%$2.4M10xas long as short
HTX WDC-USDT+0.0100%8h448.87+0.124%$33K$8K10xas long as short
OKX WDC-USDT-SWAPshort+0.0144%8h449.11+0.177%$2.1M$3.9M20x