Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Aster against Extended+0.066%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1961.962% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.066%, 7d avg +0.024%

Together, before fees−0.210%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.043% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WDC-USD	442.48	0	get 0.0000% / 1h	57m 21s	$2K	$188K	10x
Short	Aster WDCUSDT	442.77	0	get 0.0000% / 8h	7h 57m	$10K	$136K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.024%: $4.26
Slippage, 4 orders: −$183.17
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$191.91
Costs to cover: 1.962%
Break-even: never at this rate

Slippage from Extended: live order book, 38 min ago; Aster: live order book, 39 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 Extended live order book, 38 min ago	2.71 bp	16.6 bp −$17	182.2 bp −$1,822	doesn't fit	doesn't fit
Sell Aster live order book, 39 min ago	4.28 bp	71.3 bp −$71	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
edgeX WDCUSDC	−0.0458%	4h	442.73	+0.057%	$49K	$229K	10x	as long as short
tradeXYZ xyz:WDC	−0.0370%	1h	442.43	−0.011%	$2.3M	$2.1M	10x	as long as short
Bitget WDCUSDT	−0.0367%	8h	442.62	+0.032%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0005%	8h	442.45	−0.006%	$141K	$95K	20x	as long as short
Aster WDCUSDTshort	0.0000%	8h	442.77	+0.066%	$10K	$136K	20x
Extended WDC-USDlong	0.0000%	1h	442.48	long leg	$2K	$188K	10x
Binance WDCUSDT	0.0000%	8h	442.60	+0.028%	$7.3M	$25.6M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	442.61	+0.030%	$1.9M	$713K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	442.62	+0.032%	$2.0M	$4.3M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	442.60	+0.028%	$1.9M	$2.3M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT WDC_USDT_Perp	0.0000%	8h	442.98	+0.114%	$523	$146K	10x	as long as short
QFEX WDC-USD	+0.0028%	1h	442.23	−0.056%	$1.1M	$3.0M	10x	as long as short
Lighter WDC	+0.0032%	1h	442.54	+0.014%	—	—	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	442.63	+0.035%	$273K	$66K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.38	−0.022%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	442.60	+0.028%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	443.26	+0.177%	$33K	$8K	20x	as long as short