Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: SunX against Extended−0.024%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1741.737% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.024%, 7d avg +0.025%

Together, before fees+0.149%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.049% cheaper against Extended than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of +0.025%). If the spread goes back, that is −$5 on $10k: about 39 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.073% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WDC-USD	441.81	0	get 0.0000% / 1h	17m 39s	$6K	$191K	10x
Short	SunX WDC-USDT	441.70	0.0100	get 0.0100% / 8h	6h 17m	—	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $21
Price spread: −0.024% → +0.025%: −$4.89
Slippage, 4 orders: −$160.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$157.55
Costs to cover: 1.737%
Break-even: 59.5 days

Slippage from Extended: live order book, 31 min ago; SunX: live order book, 2 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, 31 min ago	5.66 bp	20.5 bp −$21	137.2 bp −$1,372	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	46.40 bp	65.5 bp −$66	doesn't fit	doesn't fit	doesn't fit

WDC on 17 exchanges

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	−0.0016%	8h	441.63	−0.040%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0008%	8h	441.89	+0.019%	$137K	$98K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	441.78	−0.007%	$10K	$136K	20x	as long as short
Extended WDC-USDlong	0.0000%	1h	441.81	long leg	$6K	$191K	10x
Binance WDCUSDT	0.0000%	8h	441.91	+0.024%	$7.3M	$26.1M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	441.88	+0.016%	$1.9M	$715K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	441.99	+0.041%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	441.90	+0.021%	$1.9M	$2.3M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	441.90	+0.021%	$513	$136K	10x	as long as short
Lighter WDC	+0.0032%	1h	441.68	−0.029%	—	—	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0041%	1h	441.78	−0.006%	$1.1M	$3.1M	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	441.61	−0.045%	$2.3M	$2.1M	10x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	441.65	−0.036%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	441.72	−0.020%	$273K	$178K	20x	as long as short
SunX WDC-USDTshort	+0.0100%	8h	441.70	−0.024%	—	$1.8M	10x
HTX WDC-USDT	+0.0100%	8h	441.99	+0.041%	$33K	$8K	20x	as long as short
edgeX WDCUSDC	+0.0711%	4h	441.72	−0.020%	$49K	$230K	10x	as long as short