Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.006%

Price spread now: tradeXYZ against Orderly+0.009%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 tradeXYZ

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 airdroptradeXYZ: 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: −$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	441.36	0.0100	pay 0.0100% / 8h	1h 39m	$9K	$2K	10x
Short	tradeXYZ xyz:WDC	441.40	0.0050	get 0.0006% / 1h	39m 17s	$2.3M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$10.5
Price spread: +0.009% → 0.000%: $0.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$33.59
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.90 bp	15.0 bp −$15	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
Bitget WDCUSDT	−0.0503%	8h	442.71	+0.306%	$1.1M	$1.1M	20x	as long as short
edgeX WDCUSDC	−0.0117%	4h	441.97	+0.138%	$49K	$229K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	441.82	+0.104%	$19K	$126K	20x	as long as short
Extended WDC-USD	0.0000%	1h	441.52	+0.035%	$6K	$169K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	441.64	+0.064%	$7.3M	$25.5M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	441.47	+0.025%	$1.9M	$703K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	441.80	+0.100%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	+0.0010%	8h	441.97	+0.139%	$526	$150K	10x	as long as short
BloFin WDC-USDT	+0.0018%	8h	442.06	+0.159%	$143K	$93K	20x	as long as short
Lighter WDC	+0.0032%	1h	441.29	−0.016%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDCshort	+0.0050%	1h	441.40	+0.009%	$2.3M	$2.1M	10x
OKX WDC-USDT-SWAP	+0.0051%	8h	441.80	+0.100%	$2.1M	$4.2M	20x	as long as short
QFEX WDC-USD	+0.0057%	1h	441.70	+0.077%	$1.1M	$3.0M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	441.56	+0.045%	$271K	$46K	20x	as long as short
Orderly PERP_WDC_USDC_mythoslong	+0.0100%	8h	441.36	long leg	$9K	$2K	10x
SunX WDC-USDT	+0.0100%	8h	441.60	+0.054%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.19	+0.188%	$33K	$8K	10x	as long as short