Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h —

Price spread now: BloFin against Lighter+0.116%60s7-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 BloFin

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.116% dearer against Lighter than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WDC	449.13	0.0032	pay 0.0004% / 1h	44m 12s	—	—	10x
Short	BloFin WDC-USDT	449.65	0.0024	get 0.0024% / 8h	44m 12s	$145K	$93K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$1.6
Price spread: +0.116% → 0.000%: $11.58
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 17 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 BloFin live order book, 17 min ago	0.22 bp	11.7 bp −$12	19.6 bp −$196	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
edgeX WDCUSDC	−0.0179%	4h	449.63	+0.112%	$50K	$231K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	449.43	+0.067%	$20K	$105K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.28	+0.033%	$6K	$140K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	449.36	+0.051%	$7.7M	$25.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	449.30	+0.038%	$2.0M	$2.9M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	449.48	+0.078%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.69	+0.124%	$715	$177K	10x	as long as short
BloFin WDC-USDTshort	+0.0024%	8h	449.65	+0.116%	$145K	$93K	20x
Lighter WDClong	+0.0032%	1h	449.13	long leg	—	—	10x
Bybit WDCUSDT	+0.0044%	8h	449.56	+0.096%	$1.9M	$803K	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WDC-USDT-SWAP	+0.0047%	8h	449.65	+0.116%	$2.2M	$4.1M	20x	as long as short
QFEX WDC-USD	+0.0069%	1h	449.32	+0.042%	$1.1M	$3.9M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	449.20	+0.016%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.20	+0.016%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.50	+0.082%	—	$2.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.58	+0.100%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0221%	1h	449.36	+0.051%	$2.4M	$2.5M	10x	as long as short