Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against GRVT+0.004%78s7-day average — · you sell dearer than you buy

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

Long on GRVT 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 airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WDC_USDT_Perp	449.60	0	get 0.0000% / 8h	7h 54m	$1K	$171K	10x
Short	Lighter WDC	449.62	0.0032	get 0.0004% / 1h	54m 22s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: $6.72
Price spread: +0.004% → 0.000%: $0.44
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.84
Costs to cover: 0.090%
Break-even: 8.9 days

Slippage unknown: GRVT: live order book, 13 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 GRVT live order book, 13 min ago	1.56 bp	13.1 bp −$13	doesn't fit	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
BloFin WDC-USDT	−0.0024%	8h	449.74	+0.031%	$145K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.64	+0.010%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.91	+0.069%	$6K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.00	+0.089%	$7.7M	$25.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	449.50	−0.022%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	449.76	+0.036%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perplong	0.0000%	8h	449.60	long leg	$1K	$171K	10x
OKX WDC-USDT-SWAP	+0.0014%	8h	450.06	+0.102%	$2.2M	$4.1M	20x	as long as short
QFEX WDC-USD	+0.0031%	1h	449.73	+0.029%	$1.1M	$4.0M	10x	as long as short
Lighter WDCshort	+0.0032%	1h	449.62	+0.004%	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	449.31	−0.065%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.78	+0.040%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.90	+0.067%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.67	+0.016%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0165%	1h	449.61	+0.002%	$2.4M	$2.2M	10x	as long as short
edgeX WDCUSDC	+0.0287%	4h	449.56	−0.010%	$50K	$230K	10x	as long as short
Bybit WDCUSDT	+0.0461%	8h	449.92	+0.071%	$1.9M	$787K	25x	as long as short