Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h —

Price spread now: Lighter against OKX−0.192%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.192% cheaper against OKX than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WDC-USDT-SWAP	448.87	0.0144	pay 0.0144% / 8h	3h 46m	$2.1M	$3.9M	20x
Short	Lighter WDC	448.01	0.0032	get 0.0004% / 1h	46m 50s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$23.51
Price spread: −0.192% → 0.000%: −$19.16
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$52.67
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Lighter: no order-book sample. Net counts fees only.

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, 1 min ago	0.89 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster WDCUSDT	0.0000%	8h	448.66	−0.046%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	448.49	−0.085%	$1.9M	$839K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	448.60	−0.060%	$1.9M	$2.4M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	448.81	−0.013%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	+0.0025%	8h	449.11	+0.053%	$146K	$94K	20x	as long as short
Lighter WDCshort	+0.0032%	1h	448.01	−0.192%	—	—	10x
Extended WDC-USD	+0.0032%	1h	448.58	−0.064%	$4K	$132K	10x	as long as short
Binance WDCUSDT	+0.0034%	8h	448.56	−0.069%	$7.4M	$24.8M	20x	as long as short
QFEX WDC-USD	+0.0037%	1h	448.79	−0.018%	$1.1M	$3.4M	10x	as long as short
edgeX WDCUSDC	+0.0043%	4h	448.31	−0.124%	$50K	$230K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDC	+0.0050%	1h	448.11	−0.169%	$2.4M	$2.1M	10x	as long as short
GRVT WDC_USDT_Perp	+0.0073%	8h	448.15	−0.161%	$529	$156K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	448.64	−0.051%	$275K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	448.71	−0.036%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	448.80	−0.016%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	448.87	0.000%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAPlong	+0.0144%	8h	448.87	long leg	$2.1M	$3.9M	20x