Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against edgeX−0.124%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.124%, 7d avg −0.016%

Together, before fees+0.244%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.108% cheaper against edgeX than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of −0.016%). If the spread goes back, that is −$11 on $10k: about 2.1 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.112% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WDCUSDC	441.97	−0.0117	get 0.0058% / 4h	1h 39m	$49K	$229K	10x
Short	tradeXYZ xyz:WDC	441.42	0.0050	get 0.0006% / 1h	39m 14s	$2.3M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.124%Rate

Funding earned: $35.07
Price spread: −0.124% → −0.016%: −$10.75
Slippage, 4 orders: −$25.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.47
Costs to cover: 0.528%
Break-even: 12.7 days

Slippage from edgeX: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago	2.38 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.90 bp	15.0 bp −$15	doesn't fit	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
Bitget WDCUSDT	−0.0503%	8h	442.10	+0.030%	$1.1M	$1.1M	20x	as long as short
edgeX WDCUSDClong	−0.0117%	4h	441.97	long leg	$49K	$229K	10x
BloFin WDC-USDT	−0.0006%	8h	441.67	−0.067%	$143K	$93K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	441.91	−0.013%	$19K	$126K	20x	as long as short
Extended WDC-USD	0.0000%	1h	441.52	−0.102%	$6K	$169K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	441.70	−0.061%	$7.3M	$25.5M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	441.67	−0.067%	$1.9M	$704K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	441.70	−0.061%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	+0.0010%	8h	441.97	+0.002%	$526	$150K	10x	as long as short
Lighter WDC	+0.0032%	1h	441.29	−0.153%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDCshort	+0.0050%	1h	441.42	−0.124%	$2.3M	$2.1M	10x
OKX WDC-USDT-SWAP	+0.0051%	8h	441.80	−0.038%	$2.1M	$4.2M	20x	as long as short
QFEX WDC-USD	+0.0057%	1h	441.70	−0.061%	$1.1M	$3.0M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	441.51	−0.103%	$271K	$46K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	441.36	−0.137%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	441.60	−0.083%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.19	+0.050%	$33K	$8K	10x	as long as short