Settings8H · net · $10k
Funding arb · Price arb /

WDC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h −0.002%
Price spread now: Binance against Extended−0.033%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$530.526% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 4 days (all we have)+0.414%+$41 · spread now −0.033%, 7d avg +0.033%
Together, before fees+0.432%+ Points / potential airdropExtended: Active · farm board+$43 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: Binance is 0.065% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended WDC-USD449.160.0040pay 0.0005% / 1h51m 08s$4K$134K10x
ShortBinance WDCUSDT449.020.0038get 0.0038% / 8h3h 51m$7.4M$24.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
−$0.49
Price spread: −0.033% → +0.033%
−$6.54
Slippage, 4 orders
−$37.61
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$59.63
Costs to cover
0.526%
Break-even
never at this rate
Slippage from Extended: live order book, 65 min ago; Binance: 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 Extended live order book, 65 min ago2.66 bp15.4 bp −$15114.4 bp −$1,144doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago1.89 bp9.7 bp −$1031.9 bp −$319148.9 bp −$14.9Kdoesn'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
edgeX WDCUSDC−0.0786%4h449.54+0.084%$50K$230K10xas long as short
Aster WDCUSDT0.0000%8h449.19+0.006%$11K$115K20xas long as short
Bybit WDCUSDT0.0000%8h449.03−0.029%$1.9M$836K25xas long as short
Gate WDC_USDT0.0000%8h449.10−0.014%$1.9M$2.4M50xas long as short
Bitget WDCUSDT0.0000%8h449.160.000%$1.1M$1.1M20xas long as short
BloFin WDC-USDT+0.0014%8h449.31+0.033%$146K$94K20xas long as short
Lighter WDC+0.0032%1h449.00−0.036%10xas long as short
QFEX WDC-USD+0.0037%1h449.00−0.036%$1.1M$3.4M10xas long as short
Binance WDCUSDTshort+0.0038%8h449.02−0.033%$7.4M$24.7M20x
Extended WDC-USDlong+0.0040%1h449.16long leg$4K$134K10x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:WDC+0.0050%1h448.99−0.038%$2.4M$2.1M10xas long as short
GRVT WDC_USDT_Perp+0.0088%8h449.80+0.141%$531$156K10xas long as short
KuCoin WDCUSDTM+0.0100%8h449.26+0.022%$275K$45K20xas long as short
Orderly PERP_WDC_USDC_mythos+0.0100%8h449.07−0.020%$9K$2K10xas long as short
SunX WDC-USDT+0.0100%8h449.20+0.008%$2.4M10xas long as short
HTX WDC-USDT+0.0100%8h449.35+0.042%$33K$8K10xas long as short
OKX WDC-USDT-SWAP+0.0147%8h449.19+0.006%$2.2M$3.9M20xas long as short