WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against OKX−0.120%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2142.140% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.120%, 7d avg −0.017%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.102% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WDC-USDT-SWAP	442.90	0	get 0.0000% / 8h	4h 48m	$1.9M	$4.4M	20x
Short	Bybit WDCUSDT	442.37	0.0003	get 0.0003% / 8h	4h 48m	$1.9M	$690K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0.59
Price spread: −0.120% → −0.017%: −$10.22
Slippage, 4 orders: −$193.05
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$223.68
Costs to cover: 2.140%
Break-even: 2679.4 days

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 1 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, 2 min ago	3.27 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.15 bp	67.2 bp −$67	373.7 bp −$3,737	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
Aster WDCUSDT	0.0000%	8h	442.35	−0.124%	$10K	$136K	20x	as long as short
OKX WDC-USDT-SWAPlong	0.0000%	8h	442.90	long leg	$1.9M	$4.4M	20x
Gate WDC_USDT	0.0000%	8h	442.50	−0.090%	$1.9M	$2.0M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	442.43	−0.106%	$1.2M	$1.1M	20x	as long as short
Bybit WDCUSDTshort	+0.0003%	8h	442.37	−0.120%	$1.9M	$690K	25x
tradeXYZ xyz:WDC	+0.0009%	1h	442.00	−0.203%	$2.3M	$2.0M	10x	as long as short
Lighter WDC	+0.0032%	1h	442.00	−0.203%	—	—	10x	as long as short
QFEX WDC-USD	+0.0037%	1h	441.80	−0.248%	$1.2M	$3.2M	10x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.19	−0.160%	$9K	$1K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	442.01	−0.201%	$273K	$271K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WDC-USDT	+0.0100%	8h	442.50	−0.090%	—	$1.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.93	+0.007%	$33K	$7K	20x	as long as short
Binance WDCUSDT	+0.0183%	8h	442.21	−0.156%	$7.3M	$24.9M	20x	as long as short
Extended WDC-USD	+0.0184%	1h	442.00	−0.203%	$6K	$191K	10x	as long as short
BloFin WDC-USDT	+0.0204%	8h	442.22	−0.154%	$137K	$101K	20x	as long as short
edgeX WDCUSDC	+0.0323%	4h	443.93	+0.233%	$49K	$229K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0795%	8h	444.19	+0.291%	$1K	$132K	10x	as long as short