Settings8H · net · $10k
Funding arb · Price arb /

WDC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h +0.004%
Price spread now: edgeX against OKX−0.177%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$420.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.198%−$20 on $10k
Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.177%, 7d avg −0.033%
Together, before fees−0.065%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.144% cheaper against OKX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX WDC-USDT-SWAP449.110.0144pay 0.0144% / 8h3h 47m$2.1M$3.9M20x
ShortedgeX WDCUSDC448.310.0043get 0.0021% / 4h3h 47m$50K$230K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$21.23
Price spread: −0.177% → −0.033%
−$14.39
Slippage, 4 orders
−$23.29
Fee OKX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$77.91
Costs to cover
0.423%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago0.11 bp10.7 bp −$11126.6 bp −$1,266doesn't fitdoesn't fit
Sell edgeX live order book, 5 min ago2.00 bp11.0 bp −$11doesn't fitdoesn't fitdoesn't fit

WDC on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster WDCUSDT0.0000%8h448.84−0.060%$11K$115K20xas long as short
Bybit WDCUSDT0.0000%8h448.81−0.067%$1.9M$838K25xas long as short
Gate WDC_USDT0.0000%8h448.70−0.091%$1.9M$2.4M50xas long as short
Bitget WDCUSDT0.0000%8h448.81−0.067%$1.1M$1.1M20xas long as short
BloFin WDC-USDT+0.0025%8h449.110.000%$146K$94K20xas long as short
Lighter WDC+0.0032%1h448.37−0.165%10xas long as short
Extended WDC-USD+0.0032%1h448.80−0.070%$4K$132K10xas long as short
Binance WDCUSDT+0.0034%8h448.92−0.042%$7.4M$24.8M20xas long as short
QFEX WDC-USD+0.0037%1h448.79−0.071%$1.1M$3.4M10xas long as short
edgeX WDCUSDCshort+0.0043%4h448.31−0.177%$50K$230K10x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:WDC+0.0050%1h448.57−0.120%$2.4M$2.1M10xas long as short
GRVT WDC_USDT_Perp+0.0073%8h448.15−0.214%$529$156K10xas long as short
KuCoin WDCUSDTM+0.0100%8h448.82−0.065%$275K$45K20xas long as short
Orderly PERP_WDC_USDC_mythos+0.0100%8h448.71−0.089%$9K$2K10xas long as short
SunX WDC-USDT+0.0100%8h448.80−0.069%$2.4M10xas long as short
HTX WDC-USDT+0.0100%8h448.87−0.053%$33K$8K10xas long as short
OKX WDC-USDT-SWAPlong+0.0144%8h449.11long leg$2.1M$3.9M20x