Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Extended against Orderly−0.015%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 Extended

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 airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_WDC_USDC_mythos	445.67	0.0100	pay 0.0100% / 8h	2h 50m	$9K	$2K	10x
Short	Extended WDC-USD	445.60	0	get 0.0000% / 1h	50m 44s	$6K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$21
Price spread: −0.015% → 0.000%: −$1.53
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.53
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 60 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 Extended live order book, 60 min ago	2.34 bp	15.2 bp −$15	150.0 bp −$1,500	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
Bitget WDCUSDT	−0.0144%	8h	445.70	+0.007%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0019%	8h	445.72	+0.011%	$143K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	445.37	−0.067%	$10K	$115K	20x	as long as short
Extended WDC-USDshort	0.0000%	1h	445.60	−0.015%	$6K	$165K	10x
Bybit WDCUSDT	0.0000%	8h	445.55	−0.027%	$1.9M	$865K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	445.60	−0.016%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	445.94	+0.061%	$531	$155K	10x	as long as short
Binance WDCUSDT	+0.0003%	8h	445.70	+0.006%	$7.3M	$25.2M	20x	as long as short
QFEX WDC-USD	+0.0018%	1h	445.80	+0.029%	$1.1M	$3.2M	10x	as long as short
Lighter WDC	+0.0032%	1h	445.04	−0.141%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WDC-USDT-SWAP	+0.0073%	8h	445.84	+0.038%	$2.1M	$4.1M	20x	as long as short
tradeXYZ xyz:WDC	+0.0077%	1h	445.43	−0.054%	$2.4M	$2.1M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	445.33	−0.076%	$273K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythoslong	+0.0100%	8h	445.67	long leg	$9K	$2K	10x
SunX WDC-USDT	+0.0100%	8h	446.10	+0.096%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	446.05	+0.085%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0244%	4h	445.71	+0.008%	$49K	$230K	10x	as long as short