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 −0.021%

Price spread now: Bitget against GRVT−0.010%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.010%, 7d avg +0.012%

Together, before fees−0.224%+ Points / potential airdropGRVT: Active · farm board−$22 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: Bitget is 0.023% cheaper against GRVT than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WDC_USDT_Perp	448.38	0	get 0.0000% / 8h	2h 25m	$753	$182K	10x
Short	Bitget WDCUSDT	448.33	0	get 0.0000% / 8h	2h 25m	$1.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.012%: −$2.26
Slippage, 4 orders: −$58.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$81.28
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from GRVT: live order book, 61 min ago; Bitget: live order book, 1 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 GRVT live order book, 61 min ago	1.23 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.34 bp	38.4 bp −$38	63.7 bp −$637	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	−0.0030%	8h	448.36	−0.004%	$147K	$93K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	448.63	+0.056%	$20K	$105K	20x	as long as short
Extended WDC-USD	0.0000%	1h	448.39	+0.002%	$6K	$143K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	448.41	+0.008%	$7.8M	$25.6M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	448.29	−0.019%	$1.9M	$793K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	448.20	−0.039%	$2.0M	$3.1M	50x	as long as short
Bitget WDCUSDTshort	0.0000%	8h	448.33	−0.010%	$1.1M	$1.3M	20x
GRVT WDC_USDT_Perplong	0.0000%	8h	448.38	long leg	$753	$182K	10x
Lighter WDC	+0.0032%	1h	448.17	−0.046%	—	—	10x	as long as short
QFEX WDC-USD	+0.0044%	1h	448.27	−0.024%	$1.1M	$3.7M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDC	+0.0050%	1h	448.27	−0.024%	$2.4M	$2.5M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	448.10	−0.062%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	448.25	−0.028%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	448.30	−0.017%	—	$2.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	448.15	−0.050%	$33K	$9K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0115%	8h	448.43	+0.012%	$2.2M	$4.1M	20x	as long as short
edgeX WDCUSDC	+0.0350%	4h	448.35	−0.007%	$50K	$229K	10x	as long as short