Funding arb · Price arb /

WDC

RWAall WDC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: KuCoin against Extended−0.035%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2072.066% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.035%, 7d avg +0.002%

Together, before fees+0.124%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.038% cheaper against Extended than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.002%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.051% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WDC-USD	441.80	0	get 0.0000% / 1h	41m 02s	$6K	$169K	10x
Short	KuCoin WDCUSDTM	441.64	0.0100	get 0.0100% / 8h	1h 41m	$271K	$46K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: $21
Price spread: −0.035% → +0.002%: −$3.75
Slippage, 4 orders: −$189.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$189.32
Costs to cover: 2.066%
Break-even: 70.1 days

Slippage from Extended: live order book, 65 min ago; KuCoin: live order book, 76 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, 65 min ago	3.04 bp	16.3 bp −$16	146.9 bp −$1,469	doesn't fit	doesn't fit
Sell KuCoin live order book, 76 min ago	21.59 bp	65.3 bp −$65	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	−0.0486%	8h	442.71	+0.207%	$1.1M	$1.1M	20x	as long as short
Aster WDCUSDT	0.0000%	8h	441.97	+0.039%	$19K	$126K	20x	as long as short
Extended WDC-USDlong	0.0000%	1h	441.80	long leg	$6K	$169K	10x
Binance WDCUSDT	0.0000%	8h	441.90	+0.024%	$7.3M	$25.4M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	441.75	−0.010%	$1.9M	$703K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	442.00	+0.046%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	+0.0012%	8h	442.27	+0.108%	$526	$150K	10x	as long as short
BloFin WDC-USDT	+0.0018%	8h	442.06	+0.060%	$143K	$93K	20x	as long as short
Lighter WDC	+0.0032%	1h	441.48	−0.072%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	441.66	−0.031%	$2.3M	$2.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WDC-USDT-SWAP	+0.0054%	8h	442.30	+0.114%	$2.1M	$4.2M	20x	as long as short
QFEX WDC-USD	+0.0057%	1h	441.89	+0.021%	$1.1M	$3.0M	10x	as long as short
KuCoin WDCUSDTMshort	+0.0100%	8h	441.64	−0.035%	$271K	$46K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	441.58	−0.049%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	442.00	+0.046%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.19	+0.089%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0335%	4h	442.21	+0.095%	$49K	$231K	10x	as long as short