Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bitget against Lighter+0.096%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.096% dearer against Lighter than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WDC	448.97	0.0032	pay 0.0004% / 1h	29m 22s	—	—	10x
Short	Bitget WDCUSDT	449.40	0	get 0.0000% / 8h	1h 29m	$1.2M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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 LighterbpFee BitgetbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$6.72
Price spread: +0.096% → 0.000%: $9.58
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$9.14
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 2 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 Lighter no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	2.45 bp	27.4 bp −$27	57.8 bp −$578	doesn't fit	doesn't fit

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
Aster WDCUSDT	0.0000%	8h	449.11	+0.032%	$20K	$105K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.28	+0.069%	$6K	$141K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	449.31	+0.076%	$7.8M	$25.6M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	449.37	+0.089%	$1.9M	$794K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	449.00	+0.007%	$2.0M	$3.0M	50x	as long as short
Bitget WDCUSDTshort	0.0000%	8h	449.40	+0.096%	$1.2M	$1.2M	20x
GRVT WDC_USDT_Perp	0.0000%	8h	449.12	+0.034%	$1K	$177K	10x	as long as short
BloFin WDC-USDT	+0.0004%	8h	449.35	+0.085%	$146K	$94K	20x	as long as short
QFEX WDC-USD	+0.0015%	1h	448.94	−0.007%	$1.1M	$3.8M	10x	as long as short
OKX WDC-USDT-SWAP	+0.0029%	8h	449.50	+0.118%	$2.2M	$4.1M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WDClong	+0.0032%	1h	448.97	long leg	—	—	10x
tradeXYZ xyz:WDC	+0.0050%	1h	448.99	+0.004%	$2.4M	$2.5M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	448.86	−0.025%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.04	+0.016%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.40	+0.096%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.57	+0.134%	$33K	$9K	10x	as long as short
edgeX WDCUSDC	+0.0211%	4h	449.15	+0.039%	$50K	$231K	10x	as long as short