Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h —

Price spread now: Lighter against Orderly+0.007%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 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	441.65	0.0100	pay 0.0100% / 8h	6h 17m	$9K	$2K	10x
Short	Lighter WDC	441.68	0.0032	get 0.0004% / 1h	17m 32s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$14.27
Price spread: +0.007% → 0.000%: $0.68
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.59
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Orderly and 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 exchanges

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	−0.0016%	8h	441.63	−0.005%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0008%	8h	441.89	+0.054%	$137K	$98K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	441.78	+0.029%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	441.81	+0.036%	$6K	$191K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	441.91	+0.060%	$7.3M	$26.1M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	441.88	+0.052%	$1.9M	$715K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	441.99	+0.077%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	441.90	+0.057%	$1.9M	$2.3M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	441.90	+0.057%	$513	$136K	10x	as long as short
Lighter WDCshort	+0.0032%	1h	441.68	+0.007%	—	—	10x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0041%	1h	441.78	+0.029%	$1.1M	$3.1M	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	441.61	−0.009%	$2.3M	$2.1M	10x	as long as short
Orderly PERP_WDC_USDC_mythoslong	+0.0100%	8h	441.65	long leg	$9K	$2K	10x
KuCoin WDCUSDTM	+0.0100%	8h	441.72	+0.016%	$273K	$178K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	441.70	+0.011%	—	$1.8M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	441.99	+0.077%	$33K	$8K	20x	as long as short
edgeX WDCUSDC	+0.0711%	4h	441.72	+0.016%	$49K	$230K	10x	as long as short