Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Extended against Gate+0.061%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$820.817% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.061%, 7d avg −0.015%

Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 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: Extended is 0.077% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WDC_USDT	452.00	0	get 0.0000% / 8h	7h 09m	$2.0M	$2.6M	50x
Short	Extended WDC-USD	452.28	0	get 0.0000% / 1h	9m 30s	$4K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.015%: $7.67
Slippage, 4 orders: −$61.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$74.07
Costs to cover: 0.817%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Extended: live order book, 61 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, 3 min ago	2.21 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 61 min ago	4.24 bp	17.6 bp −$18	149.6 bp −$1,496	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	−0.0027%	8h	452.12	+0.027%	$102K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	451.69	−0.069%	$11K	$115K	20x	as long as short
Extended WDC-USDshort	0.0000%	1h	452.28	+0.061%	$4K	$133K	10x
Binance WDCUSDT	0.0000%	8h	452.18	+0.040%	$7.6M	$24.8M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	452.15	+0.033%	$2.0M	$814K	25x	as long as short
Gate WDC_USDTlong	0.0000%	8h	452.00	long leg	$2.0M	$2.6M	50x
QFEX WDC-USD	+0.0031%	1h	452.03	+0.007%	$1.1M	$3.8M	10x	as long as short
Lighter WDC	+0.0032%	1h	451.75	−0.055%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0056%	8h	452.20	+0.044%	$2.2M	$4.0M	20x	as long as short
tradeXYZ xyz:WDC	+0.0087%	1h	451.76	−0.053%	$2.4M	$2.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	451.72	−0.062%	$301K	$16K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	451.90	−0.022%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	452.30	+0.066%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	450.91	−0.241%	$33K	$8K	10x	as long as short
Bitget WDCUSDT	+0.0113%	8h	452.22	+0.049%	$1.2M	$1.1M	20x	as long as short
edgeX WDCUSDC	+0.0759%	4h	452.18	+0.040%	$50K	$230K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0847%	8h	452.42	+0.093%	$946	$167K	10x	as long as short