Funding you earn now, next payment 09:00 UTC−0.0623%/8h= −68.2% APRpaid last 24h −0.006%
Price spread now: tradeXYZ against KuCoin−0.088%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$266as in the Price arb table
costs, in and out, $10k−$2582.580% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.088%, 7d avg −0.007%
=Together, before fees+0.018%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and tradeXYZ is 0.081% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WDCUSDTM | 443.05 | 0.0100 | pay 0.0100% / 8h | 7h 59m | $274K | $63K | 20x |
| Short | tradeXYZ xyz:WDC | 442.66 | −0.0523 | pay 0.0065% / 1h | 59m 19s | $2.3M | $2.1M | 10x |
KuCoin WDCUSDTM
tradeXYZ xyz:WDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$130.81
- Price spread: −0.088% → −0.007%
- −$8.14
- Slippage, 4 orders
- −$228.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$396.96
- Costs to cover
- 2.580%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 33 min ago; tradeXYZ: live order book, 8 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, 33 min ago | 17.15 bp | 100.3 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 1.02 bp | 16.0 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:WDCshort | −0.0523% | 1h | 442.66 | −0.088% | $2.3M | $2.1M | 10x | |
| Bitget WDCUSDT | −0.0365% | 8h | 442.97 | −0.018% | $1.1M | $1.1M | 20x | as long as short |
| BloFin WDC-USDT | −0.0026% | 8h | 442.64 | −0.093% | $140K | $95K | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 443.20 | +0.035% | $10K | $136K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 442.89 | −0.035% | $2K | $188K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 442.94 | −0.025% | $7.3M | $25.6M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 443.07 | +0.005% | $1.9M | $712K | 25x | as long as short |
| OKX WDC-USDT-SWAP | 0.0000% | 8h | 442.98 | −0.016% | $2.0M | $4.3M | 20x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 443.00 | −0.011% | $1.9M | $2.3M | 50x | as long as short |
| GRVT WDC_USDT_Perp | +0.0008% | 8h | 442.97 | −0.018% | $523 | $146K | 10x | as long as short |
Bitget WDCUSDT
BloFin WDC-USDT
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
OKX WDC-USDT-SWAP
Gate WDC_USDT
GRVT WDC_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter WDC | +0.0032% | 1h | 443.00 | −0.011% | — | — | 10x | as long as short |
| QFEX WDC-USD | +0.0059% | 1h | 442.66 | −0.088% | $1.1M | $3.0M | 10x | as long as short |
| KuCoin WDCUSDTMlong | +0.0100% | 8h | 443.05 | long leg | $274K | $63K | 20x | |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 442.85 | −0.045% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 442.90 | −0.034% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 443.26 | +0.047% | $33K | $8K | 20x | as long as short |
| edgeX WDCUSDC | +0.0773% | 4h | 442.98 | −0.016% | $49K | $230K | 10x | as long as short |
Lighter WDC
QFEX WDC-USD
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
edgeX WDCUSDC