Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.047%

Price spread now: Bybit against Gate+0.089%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.089%, 7d avg +0.005%

Together, before fees+0.174%+$17 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: Bybit is 0.084% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WDC_USDT	448.60	0	get 0.0000% / 8h	1h 36m	$2.0M	$3.0M	50x
Short	Bybit WDCUSDT	449.00	0	get 0.0000% / 8h	1h 36m	$1.9M	$790K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.005%: $8.41
Slippage, 4 orders: −$81.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$99.24
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 6 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 Gate live order book, 2 min ago	2.23 bp	23.7 bp −$24	132.2 bp −$1,322	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.45 bp	51.7 bp −$52	151.7 bp −$1,517	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
BloFin WDC-USDT	−0.0020%	8h	448.89	+0.065%	$146K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	448.79	+0.041%	$20K	$105K	20x	as long as short
Extended WDC-USD	0.0000%	1h	448.78	+0.039%	$6K	$141K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	448.85	+0.056%	$7.8M	$25.6M	20x	as long as short
Bybit WDCUSDTshort	0.0000%	8h	449.00	+0.089%	$1.9M	$790K	25x
Gate WDC_USDTlong	0.0000%	8h	448.60	long leg	$2.0M	$3.0M	50x
Bitget WDCUSDT	0.0000%	8h	448.70	+0.022%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	448.90	+0.067%	$1K	$179K	10x	as long as short
QFEX WDC-USD	+0.0015%	1h	448.75	+0.033%	$1.1M	$3.8M	10x	as long as short
OKX WDC-USDT-SWAP	+0.0029%	8h	449.03	+0.096%	$2.2M	$4.1M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WDC	+0.0032%	1h	448.50	−0.022%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	448.62	+0.004%	$2.4M	$2.5M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	448.65	+0.011%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	448.62	+0.004%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	448.80	+0.045%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.07	+0.105%	$33K	$9K	10x	as long as short
edgeX WDCUSDC	+0.0993%	4h	448.85	+0.056%	$50K	$230K	10x	as long as short