Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.5% APRpaid last 24h −0.090%

Price spread now: edgeX against Orderly−0.125%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.125% cheaper against Orderly than usual: you would sell low and buy high (spread −0.125% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WDC_USDC_mythos	450.12	0.0100	pay 0.0100% / 8h	7h 53m	$9K	$2K	10x
Short	edgeX WDCUSDC	449.56	0.0287	get 0.0144% / 4h	3h 53m	$50K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now −0.125%Rate

Funding earned: $39.31
Price spread: −0.125% → 0.000%: −$12.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $11.77
Costs to cover: 0.150%
Break-even: 4.9 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 19 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 edgeX live order book, 19 min ago	1.67 bp	10.2 bp −$10	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 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	−0.084%	$145K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.82	−0.067%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	450.26	+0.032%	$6K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.30	+0.039%	$7.7M	$25.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	450.20	+0.018%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	450.40	+0.062%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.60	−0.116%	$1K	$171K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0012%	8h	450.45	+0.073%	$2.2M	$4.1M	20x	as long as short
QFEX WDC-USD	+0.0031%	1h	450.33	+0.047%	$1.1M	$4.0M	10x	as long as short
Lighter WDC	+0.0032%	1h	449.81	−0.069%	—	—	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	449.94	−0.040%	$300K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythoslong	+0.0100%	8h	450.12	long leg	$9K	$2K	10x
SunX WDC-USDT	+0.0100%	8h	449.90	−0.049%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.67	−0.100%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0120%	1h	449.93	−0.042%	$2.4M	$2.2M	10x	as long as short
edgeX WDCUSDCshort	+0.0287%	4h	449.56	−0.125%	$50K	$230K	10x
Bybit WDCUSDT	+0.0459%	8h	450.35	+0.051%	$1.9M	$787K	25x	as long as short