WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.027%

Price spread now: GRVT against OKX−0.189%101s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.535% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.189%, 7d avg −0.023%

Together, before fees+0.183%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and GRVT is 0.166% cheaper against OKX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 101 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	OKX WDC-USDT-SWAP	450.45	0.0012	pay 0.0012% / 8h	7h 53m	$2.2M	$4.1M	20x
Short	GRVT WDC_USDT_Perp	449.60	0	get 0.0000% / 8h	7h 53m	$1K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$2.57
Price spread: −0.189% → −0.023%: −$16.59
Slippage, 4 orders: −$34.53
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$72.69
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; GRVT: live order book, 14 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	1.89 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 14 min ago	1.56 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit

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	−0.158%	$145K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.61	−0.186%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.92	−0.118%	$6K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.01	−0.098%	$7.7M	$25.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	449.80	−0.144%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	449.98	−0.104%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perpshort	0.0000%	8h	449.60	−0.189%	$1K	$171K	10x
OKX WDC-USDT-SWAPlong	+0.0012%	8h	450.45	long leg	$2.2M	$4.1M	20x
QFEX WDC-USD	+0.0031%	1h	449.73	−0.160%	$1.1M	$4.0M	10x	as long as short
Lighter WDC	+0.0032%	1h	449.62	−0.184%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	449.65	−0.178%	$300K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.78	−0.149%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.90	−0.122%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.67	−0.173%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0145%	1h	449.47	−0.218%	$2.4M	$2.2M	10x	as long as short
edgeX WDCUSDC	+0.0287%	4h	449.56	−0.199%	$50K	$230K	10x	as long as short
Bybit WDCUSDT	+0.0461%	8h	450.30	−0.033%	$1.9M	$787K	25x	as long as short