Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h —

Price spread now: Lighter against KuCoin−0.038%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.038% cheaper against KuCoin than usual: you would sell low and buy high (−$4 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	KuCoin WDCUSDTM	450.92	0.0100	pay 0.0100% / 8h	4h 13m	$276K	$45K	20x
Short	Lighter WDC	450.75	0.0032	get 0.0004% / 1h	13m 05s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$14.28
Price spread: −0.038% → 0.000%: −$3.77
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$30.05
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 68 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 KuCoin live order book, 68 min ago	16.42 bp	41.7 bp −$42	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
edgeX WDCUSDC	−0.0403%	4h	450.98	+0.014%	$50K	$231K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	450.89	−0.007%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	450.94	+0.004%	$1.9M	$861K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	450.90	−0.004%	$1.9M	$2.5M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	451.10	+0.040%	$1.2M	$1.1M	20x	as long as short
Lighter WDCshort	+0.0032%	1h	450.75	−0.038%	—	—	10x
Extended WDC-USD	+0.0048%	1h	450.95	+0.006%	$6K	$132K	10x	as long as short
Binance WDCUSDT	+0.0049%	8h	451.09	+0.038%	$7.5M	$24.7M	20x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	450.70	−0.049%	$2.4M	$2.1M	10x	as long as short
BloFin WDC-USDT	+0.0050%	8h	450.95	+0.007%	$146K	$94K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0058%	1h	450.85	−0.016%	$1.1M	$3.4M	10x	as long as short
KuCoin WDCUSDTMlong	+0.0100%	8h	450.92	long leg	$276K	$45K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.88	−0.009%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.00	+0.018%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.23	+0.069%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0148%	8h	451.24	+0.071%	$2.2M	$3.9M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0160%	8h	451.13	+0.048%	$532	$156K	10x	as long as short