Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.008%

Price spread now: tradeXYZ against HTX−0.168%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.168% cheaper against HTX than usual: you would sell low and buy high (−$17 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	451.37	0.0100	pay 0.0100% / 8h	5h 02m	$33K	$8K	10x
Short	tradeXYZ xyz:WDC	450.61	0.0050	get 0.0006% / 1h	2m 36s	$2.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$10.5
Price spread: −0.168% → 0.000%: −$16.84
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$57.34
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 5 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 tradeXYZ live order book, 5 min ago	1.00 bp	16.7 bp −$17	doesn't fit	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
Aster WDCUSDT	0.0000%	8h	450.92	−0.099%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	451.17	−0.044%	$2.0M	$816K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	451.00	−0.082%	$1.9M	$2.5M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	451.10	−0.060%	$1.2M	$1.1M	20x	as long as short
edgeX WDCUSDC	+0.0032%	4h	451.09	−0.063%	$50K	$230K	10x	as long as short
Lighter WDC	+0.0032%	1h	450.77	−0.133%	—	—	10x	as long as short
Binance WDCUSDT	+0.0040%	8h	451.14	−0.051%	$7.5M	$24.7M	20x	as long as short
Extended WDC-USD	+0.0040%	1h	451.14	−0.052%	$3K	$132K	10x	as long as short
tradeXYZ xyz:WDCshort	+0.0050%	1h	450.61	−0.168%	$2.4M	$2.1M	10x
QFEX WDC-USD	+0.0050%	1h	450.90	−0.104%	$1.1M	$3.5M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin WDC-USDT	+0.0068%	8h	451.20	−0.038%	$102K	$94K	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	451.24	−0.029%	$278K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	451.01	−0.080%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.00	−0.082%	—	$2.4M	10x	as long as short
HTX WDC-USDTlong	+0.0100%	8h	451.37	long leg	$33K	$8K	10x
OKX WDC-USDT-SWAP	+0.0128%	8h	451.08	−0.064%	$2.2M	$3.9M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0304%	8h	451.10	−0.060%	$528	$157K	10x	as long as short