Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Aster against Orderly−0.131%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.131% cheaper against Orderly than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Orderly PERP_WDC_USDC_mythos | 450.60 | 0.0100 | pay 0.0100% / 8h | 6h 23m | $9K | $2K | 10x |
| Short | Aster WDCUSDT | 450.01 | 0 | get 0.0000% / 8h | 6h 23m | $11K | $115K | 20x |
Orderly PERP_WDC_USDC_mythos
Aster WDCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- −$21
- Price spread: −0.131% → 0.000%
- −$13.11
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$48.11
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 42 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 42 min ago | 4.09 bp | 61.3 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX WDCUSDC | −0.0984% | 4h | 450.75 | +0.033% | $50K | $229K | 10x | as long as short |
| Aster WDCUSDTshort | 0.0000% | 8h | 450.01 | −0.131% | $11K | $115K | 20x | |
| Extended WDC-USD | 0.0000% | 1h | 450.58 | −0.004% | $4K | $138K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 450.73 | +0.029% | $7.5M | $25.0M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 450.67 | +0.016% | $2.0M | $824K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 450.70 | +0.022% | $2.0M | $2.6M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 450.75 | +0.033% | $1.2M | $1.1M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 450.06 | −0.120% | — | — | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0054% | 8h | 451.10 | +0.111% | $2.2M | $4.0M | 20x | as long as short |
| QFEX WDC-USD | +0.0062% | 1h | 450.68 | +0.018% | $1.1M | $3.7M | 10x | as long as short |
edgeX WDCUSDC
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
Lighter WDC
OKX WDC-USDT-SWAP
QFEX WDC-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:WDC | +0.0076% | 1h | 450.50 | −0.022% | $2.4M | $2.2M | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 450.55 | −0.011% | $277K | $44K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythoslong | +0.0100% | 8h | 450.60 | long leg | $9K | $2K | 10x | |
| SunX WDC-USDT | +0.0100% | 8h | 450.70 | +0.022% | — | $2.5M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 450.97 | +0.082% | $33K | $8K | 10x | as long as short |
| GRVT WDC_USDT_Perp | +0.0454% | 8h | 450.67 | +0.017% | $771 | $161K | 10x | as long as short |
tradeXYZ xyz:WDC
KuCoin WDCUSDTM
SunX WDC-USDT
HTX WDC-USDT
GRVT WDC_USDT_Perp