WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.31 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against OKX−0.059%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.059%, 7d avg −0.016%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.043% cheaper against OKX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.016%). If the spread goes back, that is −$4 on $10k: about 4.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WDC-USDT-SWAP	444.58	0	get 0.0000% / 8h	5h 27m	$1.9M	$4.4M	20x
Short	Binance WDCUSDT	444.32	0.0031	get 0.0031% / 8h	5h 27m	$7.3M	$25.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.059%Rate

Funding earned: $6.56
Price spread: −0.059% → −0.016%: −$4.27
Slippage, 4 orders: −$36.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.96
Costs to cover: 0.563%
Break-even: 64.6 days

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 7 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 OKX live order book, 3 min ago	1.24 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.90 bp	14.8 bp −$15	42.1 bp −$421	doesn't fit	doesn't fit

WDC on 17 exchanges

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	−0.0299%	4h	444.57	−0.003%	$49K	$228K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	443.95	−0.142%	$10K	$136K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	444.26	−0.072%	$1.9M	$702K	25x	as long as short
OKX WDC-USDT-SWAPlong	0.0000%	8h	444.58	long leg	$1.9M	$4.4M	20x
Gate WDC_USDT	0.0000%	8h	444.30	−0.063%	$1.9M	$2.1M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	444.54	−0.009%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	0.0000%	8h	444.62	+0.009%	$138K	$101K	20x	as long as short
Extended WDC-USD	+0.0024%	1h	444.23	−0.078%	$4K	$188K	10x	as long as short
Binance WDCUSDTshort	+0.0031%	8h	444.32	−0.059%	$7.3M	$25.4M	20x
Lighter WDC	+0.0032%	1h	444.12	−0.103%	—	—	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDC	+0.0050%	1h	443.88	−0.157%	$2.3M	$2.1M	10x	as long as short
QFEX WDC-USD	+0.0067%	1h	444.27	−0.070%	$1.1M	$3.2M	10x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	444.05	−0.119%	$9K	$1K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	444.01	−0.128%	$276K	$232K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	444.50	−0.018%	—	$1.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	444.87	+0.065%	$33K	$7K	20x	as long as short
GRVT WDC_USDT_Perp	+0.0606%	8h	444.72	+0.031%	$525	$135K	10x	as long as short