Funding you earn now, next payment 05:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h +0.020%
Price spread now: tradeXYZ against OKX−0.033%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now −0.033%, 7d avg −0.086%
=Together, before fees−0.125%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.053% dearer against OKX than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.086%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.087% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX WDC-USDT-SWAP | 447.97 | 0.0139 | pay 0.0139% / 8h | 3h 41m | $2.1M | $4.0M | 20x |
| Short | tradeXYZ xyz:WDC | 447.82 | 0.0050 | get 0.0006% / 1h | 41m 03s | $2.4M | $2.1M | 10x |
OKX WDC-USDT-SWAP
tradeXYZ xyz:WDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.65
- Price spread: −0.033% → −0.086%
- $5.29
- Slippage, 4 orders
- −$23.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$64.59
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; tradeXYZ: live order book, 7 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, 1 min ago | 1.56 bp | 13.2 bp −$13 | 123.0 bp −$1,230 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 1.45 bp | 14.2 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX WDCUSDC | −0.0660% | 4h | 448.48 | +0.114% | $50K | $229K | 10x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 448.07 | +0.022% | $11K | $115K | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 448.06 | +0.020% | $1.9M | $839K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 448.00 | +0.007% | $1.9M | $2.4M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 448.38 | +0.092% | $1.1M | $1.1M | 20x | as long as short |
| BloFin WDC-USDT | +0.0005% | 8h | 448.16 | +0.042% | $145K | $94K | 20x | as long as short |
| Extended WDC-USD | +0.0024% | 1h | 447.95 | −0.004% | $4K | $132K | 10x | as long as short |
| Binance WDCUSDT | +0.0027% | 8h | 447.95 | −0.004% | $7.4M | $24.8M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 447.85 | −0.027% | — | — | 10x | as long as short |
| QFEX WDC-USD | +0.0037% | 1h | 448.17 | +0.045% | $1.1M | $3.3M | 10x | as long as short |
edgeX WDCUSDC
Aster WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
BloFin WDC-USDT
Extended WDC-USD
Binance WDCUSDT
Lighter WDC
QFEX WDC-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:WDCshort | +0.0050% | 1h | 447.82 | −0.033% | $2.4M | $2.1M | 10x | |
| GRVT WDC_USDT_Perp | +0.0061% | 8h | 448.61 | +0.143% | $520 | $156K | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 447.99 | +0.004% | $274K | $45K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 447.96 | −0.002% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 448.10 | +0.029% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 448.15 | +0.040% | $33K | $8K | 10x | as long as short |
| OKX WDC-USDT-SWAPlong | +0.0139% | 8h | 447.97 | long leg | $2.1M | $4.0M | 20x |
GRVT WDC_USDT_Perp
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT