Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Lighter against Extended−0.024%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.024% cheaper against Extended than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WDC-USD	449.92	0	get 0.0000% / 1h	53m 47s	$6K	$136K	10x
Short	Lighter WDC	449.81	0.0032	get 0.0004% / 1h	53m 47s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $6.72
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.67
Costs to cover: 0.050%
Break-even: 7.7 days

Slippage unknown: Extended: live order book, 17 min ago; Lighter: 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 Extended live order book, 17 min ago	4.24 bp	19.0 bp −$19	164.2 bp −$1,642	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
BloFin WDC-USDT	−0.0024%	8h	449.74	−0.040%	$145K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.70	−0.048%	$11K	$115K	20x	as long as short
Extended WDC-USDlong	0.0000%	1h	449.92	long leg	$6K	$136K	10x
Binance WDCUSDT	0.0000%	8h	450.36	+0.098%	$7.7M	$25.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	449.80	−0.026%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	450.08	+0.036%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.60	−0.071%	$1K	$171K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0012%	8h	450.45	+0.118%	$2.2M	$4.1M	20x	as long as short
QFEX WDC-USD	+0.0031%	1h	449.73	−0.042%	$1.1M	$4.0M	10x	as long as short
Lighter WDCshort	+0.0032%	1h	449.81	−0.024%	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	449.65	−0.060%	$300K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.78	−0.031%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.90	−0.004%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.67	−0.055%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0134%	1h	449.96	+0.009%	$2.4M	$2.2M	10x	as long as short
edgeX WDCUSDC	+0.0287%	4h	449.56	−0.080%	$50K	$230K	10x	as long as short
Bybit WDCUSDT	+0.0459%	8h	450.38	+0.103%	$1.9M	$787K	25x	as long as short