WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.48 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against OKX−0.118%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.118%, 7d avg −0.022%

Together, before fees−0.224%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.096% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WDC-USDT-SWAP	450.93	0.0048	pay 0.0048% / 8h	6h 18m	$2.2M	$4.0M	20x
Short	Gate WDC_USDT	450.40	0	get 0.0000% / 8h	6h 18m	$2.0M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.118%Rate

Funding earned: −$10.02
Price spread: −0.118% → −0.022%: −$9.57
Slippage, 4 orders: −$42.33
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.92
Costs to cover: 0.673%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	2.00 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.22 bp	22.3 bp −$22	281.0 bp −$2,810	doesn't fit	doesn't fit

WDC on 16 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
Aster WDCUSDT	0.0000%	8h	450.11	−0.182%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	450.30	−0.140%	$4K	$134K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.53	−0.088%	$7.5M	$25.0M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	450.43	−0.111%	$2.0M	$824K	25x	as long as short
Gate WDC_USDTshort	0.0000%	8h	450.40	−0.118%	$2.0M	$2.6M	50x
Bitget WDCUSDT	0.0000%	8h	450.70	−0.051%	$1.2M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	450.00	−0.206%	—	—	10x	as long as short
OKX WDC-USDT-SWAPlong	+0.0048%	8h	450.93	long leg	$2.2M	$4.0M	20x
tradeXYZ xyz:WDC	+0.0060%	1h	450.14	−0.175%	$2.4M	$2.2M	10x	as long as short
QFEX WDC-USD	+0.0062%	1h	450.58	−0.078%	$1.1M	$3.7M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	450.36	−0.126%	$277K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.43	−0.111%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	450.70	−0.051%	—	$2.5M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	450.82	−0.024%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0120%	4h	450.60	−0.073%	$50K	$230K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0460%	8h	450.83	−0.022%	$595	$161K	10x	as long as short