Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: Orderly against Extended−0.034%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Orderly is 0.034% cheaper against Extended than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WDC-USD	442.90	0	get 0.0000% / 1h	21m 52s	$5K	$189K	10x
Short	Orderly PERP_WDC_USDC_mythos	442.75	0.0100	get 0.0100% / 8h	21m 52s	$9K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.034%Rate

Funding earned: $21
Price spread: −0.034% → 0.000%: −$3.45
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.55
Costs to cover: 0.110%
Break-even: 4.8 days

Slippage unknown: Extended: live order book, 14 min ago; Orderly: 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, 14 min ago	2.71 bp	16.6 bp −$17	182.2 bp −$1,822	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Bitget WDCUSDT	−0.0410%	8h	443.19	+0.065%	$1.1M	$1.1M	20x	as long as short
Aster WDCUSDT	0.0000%	8h	442.59	−0.071%	$10K	$136K	20x	as long as short
Extended WDC-USDlong	0.0000%	1h	442.90	long leg	$5K	$189K	10x
Binance WDCUSDT	0.0000%	8h	443.16	+0.059%	$7.3M	$25.4M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	443.18	+0.063%	$1.9M	$711K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	443.17	+0.060%	$2.0M	$4.3M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	443.10	+0.045%	$1.9M	$2.5M	50x	as long as short
BloFin WDC-USDT	+0.0008%	8h	442.72	−0.041%	$141K	$94K	20x	as long as short
GRVT WDC_USDT_Perp	+0.0029%	8h	442.85	−0.011%	$527	$146K	10x	as long as short
Lighter WDC	+0.0032%	1h	442.31	−0.134%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX WDCUSDC	+0.0039%	4h	442.67	−0.052%	$49K	$229K	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	442.88	−0.005%	$2.3M	$2.1M	10x	as long as short
QFEX WDC-USD	+0.0059%	1h	442.99	+0.020%	$1.1M	$3.0M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	442.69	−0.048%	$271K	$49K	20x	as long as short
Orderly PERP_WDC_USDC_mythosshort	+0.0100%	8h	442.75	−0.034%	$9K	$2K	10x
SunX WDC-USDT	+0.0100%	8h	443.00	+0.022%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.86	−0.010%	$33K	$8K	20x	as long as short