Funding arb · Price arb /

WDC

RWAall WDC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0616%/8h= +67.4% APRpaid last 24h +0.090%

Price spread now: Orderly against edgeX−0.103%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Orderly is 0.103% cheaper against edgeX than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 13 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WDCUSDC	451.05	−0.0516	get 0.0258% / 4h	2h 42m	$50K	$231K	10x
Short	Orderly PERP_WDC_USDC_mythos	450.58	0.0100	get 0.0100% / 8h	6h 42m	$9K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.103%Rate

Funding earned: $129.36
Price spread: −0.103% → 0.000%: −$10.33
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $104.02
Costs to cover: 0.150%
Break-even: 1.4 days

Slippage unknown: edgeX: live order book, 24 min ago; Orderly: 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, 24 min ago	4.31 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
edgeX WDCUSDClong	−0.0516%	4h	451.05	long leg	$50K	$231K	10x
Aster WDCUSDT	0.0000%	8h	450.31	−0.163%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	450.30	−0.166%	$4K	$133K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.35	−0.154%	$7.5M	$24.9M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	450.63	−0.092%	$2.0M	$816K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	450.60	−0.099%	$2.0M	$2.6M	50x	as long as short
BloFin WDC-USDT	+0.0021%	8h	451.82	+0.172%	$146K	$94K	20x	as long as short
Lighter WDC	+0.0032%	1h	450.31	−0.163%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0056%	8h	450.96	−0.019%	$2.2M	$4.0M	20x	as long as short
QFEX WDC-USD	+0.0062%	1h	450.64	−0.090%	$1.1M	$3.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget WDCUSDT	+0.0073%	8h	450.78	−0.059%	$1.2M	$1.1M	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	450.55	−0.110%	$277K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythosshort	+0.0100%	8h	450.58	−0.103%	$9K	$2K	10x
SunX WDC-USDT	+0.0100%	8h	450.80	−0.055%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	450.93	−0.026%	$33K	$8K	10x	as long as short
tradeXYZ xyz:WDC	+0.0126%	1h	450.61	−0.097%	$2.4M	$2.2M	10x	as long as short
GRVT WDC_USDT_Perp	+0.0637%	8h	451.15	+0.023%	$866	$161K	10x	as long as short