Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Extended against HTX−0.127%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.127% cheaper against HTX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WDC-USDT	446.05	0.0100	pay 0.0100% / 8h	2h 53m	$33K	$8K	10x
Short	Extended WDC-USD	445.48	0	get 0.0000% / 1h	53m 13s	$6K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$21
Price spread: −0.127% → 0.000%: −$12.73
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$50.73
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Extended: live order book, 57 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Extended live order book, 57 min ago	2.34 bp	15.2 bp −$15	150.0 bp −$1,500	doesn't fit	doesn't fit

HTX: 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
Bitget WDCUSDT	−0.0146%	8h	445.61	−0.099%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0014%	8h	445.64	−0.092%	$143K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	445.45	−0.135%	$10K	$115K	20x	as long as short
Extended WDC-USDshort	0.0000%	1h	445.48	−0.127%	$6K	$165K	10x
Binance WDCUSDT	0.0000%	8h	445.66	−0.087%	$7.3M	$25.2M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	445.61	−0.099%	$1.9M	$865K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	445.50	−0.123%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	444.90	−0.258%	$521	$155K	10x	as long as short
QFEX WDC-USD	+0.0018%	1h	445.32	−0.164%	$1.1M	$3.2M	10x	as long as short
Lighter WDC	+0.0032%	1h	445.00	−0.235%	—	—	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	445.15	−0.202%	$2.4M	$2.1M	10x	as long as short
OKX WDC-USDT-SWAP	+0.0071%	8h	445.87	−0.040%	$2.1M	$4.1M	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	445.24	−0.182%	$273K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	445.24	−0.182%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	445.40	−0.146%	—	$2.4M	10x	as long as short
HTX WDC-USDTlong	+0.0100%	8h	446.05	long leg	$33K	$8K	10x
edgeX WDCUSDC	+0.0385%	4h	444.72	−0.298%	$49K	$229K	10x	as long as short