WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.11 per $10,000 · paid last 24h +0.006%

Price spread now: Bybit against GRVT+0.034%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1261.263% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.034%, 7d avg +0.011%

Together, before fees−0.055%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.023% dearer against GRVT than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.011%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WDC_USDT_Perp	441.94	0.0011	pay 0.0011% / 8h	1h 33m	$526	$150K	10x
Short	Bybit WDCUSDT	442.09	0	get 0.0000% / 8h	1h 33m	$1.9M	$710K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$2.31
Price spread: +0.034% → +0.011%: $2.34
Slippage, 4 orders: −$106.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$126.26
Costs to cover: 1.263%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago	2.49 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.02 bp	20.8 bp −$21	108.4 bp −$1,084	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
Bitget WDCUSDT	−0.0545%	8h	442.50	+0.127%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0024%	8h	442.38	+0.100%	$143K	$93K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	442.22	+0.062%	$19K	$126K	20x	as long as short
Extended WDC-USD	0.0000%	1h	442.23	+0.067%	$6K	$169K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	442.39	+0.102%	$7.3M	$25.5M	20x	as long as short
Bybit WDCUSDTshort	0.0000%	8h	442.09	+0.034%	$1.9M	$710K	25x
Gate WDC_USDT	0.0000%	8h	442.20	+0.059%	$1.9M	$2.5M	50x	as long as short
GRVT WDC_USDT_Perplong	+0.0011%	8h	441.94	long leg	$526	$150K	10x
Lighter WDC	+0.0032%	1h	441.31	−0.143%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0042%	8h	442.40	+0.104%	$2.0M	$4.3M	20x	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	441.90	−0.009%	$2.3M	$2.1M	10x	as long as short
QFEX WDC-USD	+0.0057%	1h	441.94	0.000%	$1.1M	$3.0M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	441.74	−0.045%	$271K	$46K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	441.75	−0.043%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	442.20	+0.059%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.52	+0.131%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0706%	4h	441.73	−0.047%	$49K	$230K	10x	as long as short