Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Gate against Lighter+0.092%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 Gate

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. Gate is 0.092% dearer against Lighter than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter WDC	443.29	0.0032	pay 0.0004% / 1h	13m 36s	—	—	10x
Short	Gate WDC_USDT	443.70	0	get 0.0000% / 8h	2h 13m	$1.9M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.092%Rate

Funding earned: −$6.72
Price spread: +0.092% → 0.000%: $9.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$12.47
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	3.38 bp	19.9 bp −$20	72.7 bp −$727	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	−0.0580%	4h	442.92	−0.083%	$49K	$231K	10x	as long as short
Bitget WDCUSDT	−0.0471%	8h	443.92	+0.142%	$1.1M	$1.1M	20x	as long as short
Aster WDCUSDT	0.0000%	8h	443.65	+0.081%	$20K	$125K	20x	as long as short
Extended WDC-USD	0.0000%	1h	443.81	+0.117%	$3K	$166K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	443.93	+0.144%	$7.3M	$25.4M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	443.82	+0.120%	$1.9M	$888K	25x	as long as short
Gate WDC_USDTshort	0.0000%	8h	443.70	+0.092%	$1.9M	$2.5M	50x
GRVT WDC_USDT_Perp	+0.0001%	8h	443.18	−0.024%	$514	$152K	10x	as long as short
QFEX WDC-USD	+0.0018%	1h	443.52	+0.052%	$1.1M	$3.1M	10x	as long as short
BloFin WDC-USDT	+0.0030%	8h	442.92	−0.083%	$142K	$94K	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	443.29	long leg	—	—	10x
OKX WDC-USDT-SWAP	+0.0047%	8h	444.08	+0.178%	$2.1M	$4.2M	20x	as long as short
tradeXYZ xyz:WDC	+0.0065%	1h	443.41	+0.027%	$2.3M	$2.1M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	443.26	−0.007%	$272K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.81	−0.108%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	443.50	+0.047%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	443.11	−0.041%	$33K	$8K	10x	as long as short