WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%

Price spread now: Bybit against KuCoin−0.002%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$435as in the Price arb table

costs, in and out, $10k−$4324.315% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now −0.002%, 7d avg +0.030%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WDCUSDTM	448.82	0.0100	pay 0.0100% / 8h	3h 47m	$275K	$45K	20x
Short	Bybit WDCUSDT	448.81	0	get 0.0000% / 8h	3h 47m	$1.9M	$838K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$21
Price spread: −0.002% → +0.030%: −$3.21
Slippage, 4 orders: −$408.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$455.71
Costs to cover: 4.315%
Break-even: never at this rate

Slippage from KuCoin: live order book, 24 min ago; Bybit: live order book, 4 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 KuCoin live order book, 24 min ago	14.31 bp	160.7 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.67 bp	16.5 bp −$17	116.3 bp −$1,163	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
Aster WDCUSDT	0.0000%	8h	448.84	+0.005%	$11K	$115K	20x	as long as short
Bybit WDCUSDTshort	0.0000%	8h	448.81	−0.002%	$1.9M	$838K	25x
Gate WDC_USDT	0.0000%	8h	448.70	−0.027%	$1.9M	$2.4M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	448.81	−0.002%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	+0.0025%	8h	449.11	+0.065%	$146K	$94K	20x	as long as short
Lighter WDC	+0.0032%	1h	448.37	−0.100%	—	—	10x	as long as short
Extended WDC-USD	+0.0032%	1h	448.80	−0.005%	$4K	$132K	10x	as long as short
Binance WDCUSDT	+0.0034%	8h	448.92	+0.022%	$7.4M	$24.8M	20x	as long as short
QFEX WDC-USD	+0.0037%	1h	448.79	−0.007%	$1.1M	$3.4M	10x	as long as short
edgeX WDCUSDC	+0.0043%	4h	448.31	−0.113%	$50K	$230K	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	448.57	−0.056%	$2.4M	$2.1M	10x	as long as short
GRVT WDC_USDT_Perp	+0.0073%	8h	448.15	−0.149%	$529	$156K	10x	as long as short
KuCoin WDCUSDTMlong	+0.0100%	8h	448.82	long leg	$275K	$45K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	448.71	−0.025%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	448.80	−0.004%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	448.87	+0.011%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0144%	8h	449.11	+0.065%	$2.1M	$3.9M	20x	as long as short