Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: GRVT against Lighter−0.004%78s7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GRVT

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 · GRVT: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 78 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	449.62	0.0032	pay 0.0004% / 1h	54m 20s	—	—	10x
Short	GRVT WDC_USDT_Perp	449.60	0	get 0.0000% / 8h	7h 54m	$1K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$6.72
Price spread: −0.004% → 0.000%: −$0.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$16.16
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; GRVT: live order book, 14 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 GRVT live order book, 14 min ago	1.56 bp	13.2 bp −$13	doesn't fit	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
BloFin WDC-USDT	−0.0024%	8h	449.74	+0.027%	$145K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.64	+0.005%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.91	+0.065%	$6K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.00	+0.085%	$7.7M	$25.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	449.50	−0.027%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	449.76	+0.031%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perpshort	0.0000%	8h	449.60	−0.004%	$1K	$171K	10x
OKX WDC-USDT-SWAP	+0.0014%	8h	450.06	+0.098%	$2.2M	$4.1M	20x	as long as short
QFEX WDC-USD	+0.0031%	1h	449.73	+0.024%	$1.1M	$4.0M	10x	as long as short
Lighter WDClong	+0.0032%	1h	449.62	long leg	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	449.31	−0.069%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.78	+0.036%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.90	+0.062%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.67	+0.011%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0165%	1h	449.61	−0.002%	$2.4M	$2.2M	10x	as long as short
edgeX WDCUSDC	+0.0287%	4h	449.56	−0.014%	$50K	$230K	10x	as long as short
Bybit WDCUSDT	+0.0461%	8h	449.92	+0.067%	$1.9M	$787K	25x	as long as short