Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Gate−0.248%7-day average — · you buy dearer than you sell

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

Long on Gate 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.248% cheaper against Gate than usual: you would sell low and buy high (spread −0.248% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 26 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	Gate WDC_USDT	444.40	0	get 0.0000% / 8h	2h 12m	$1.9M	$2.5M	50x
Short	Lighter WDC	443.30	0.0032	get 0.0004% / 1h	12m 02s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.248%Rate

Funding earned: $6.72
Price spread: −0.248% → 0.000%: −$24.75
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.03
Costs to cover: 0.150%
Break-even: 41.4 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	2.25 bp	16.7 bp −$17	124.9 bp −$1,249	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
edgeX WDCUSDC	−0.0580%	4h	442.92	−0.333%	$49K	$231K	10x	as long as short
Bitget WDCUSDT	−0.0469%	8h	444.69	+0.065%	$1.1M	$1.1M	20x	as long as short
Aster WDCUSDT	0.0000%	8h	444.00	−0.090%	$20K	$125K	20x	as long as short
Extended WDC-USD	0.0000%	1h	444.56	+0.035%	$3K	$166K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	444.61	+0.047%	$7.3M	$25.4M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	444.62	+0.050%	$1.9M	$888K	25x	as long as short
Gate WDC_USDTlong	0.0000%	8h	444.40	long leg	$1.9M	$2.5M	50x
GRVT WDC_USDT_Perp	0.0000%	8h	443.29	−0.250%	$519	$152K	10x	as long as short
BloFin WDC-USDT	+0.0012%	8h	443.91	−0.110%	$142K	$94K	20x	as long as short
QFEX WDC-USD	+0.0018%	1h	444.11	−0.065%	$1.1M	$3.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WDCshort	+0.0032%	1h	443.30	−0.248%	—	—	10x
OKX WDC-USDT-SWAP	+0.0054%	8h	444.95	+0.124%	$2.1M	$4.2M	20x	as long as short
tradeXYZ xyz:WDC	+0.0072%	1h	444.49	+0.020%	$2.4M	$2.1M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	443.89	−0.115%	$272K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	443.72	−0.153%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	444.40	0.000%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	444.10	−0.068%	$33K	$8K	10x	as long as short