Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.008%

Price spread now: Aster against QFEX−0.025%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1291.286% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.025%, 7d avg +0.015%

Together, before fees−0.007%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.040% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WDC-USD	449.63	0.0031	pay 0.0004% / 1h	56m 26s	$1.1M	$4.0M	10x
Short	Aster WDCUSDT	449.52	0	get 0.0000% / 8h	7h 56m	$11K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$6.47
Price spread: −0.025% → +0.015%: −$4.01
Slippage, 4 orders: −$110.64
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$139.11
Costs to cover: 1.286%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Aster: live order book, 14 min ago.

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 QFEX live order book, 7 min ago	1.34 bp	6.3 bp −$6	10.3 bp −$103	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	3.68 bp	59.7 bp −$60	doesn't fit	doesn't fit	doesn't fit

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
edgeX WDCUSDC	−0.0887%	4h	448.69	−0.208%	$50K	$229K	10x	as long as short
Aster WDCUSDTshort	0.0000%	8h	449.52	−0.025%	$11K	$115K	20x
Extended WDC-USD	0.0000%	1h	449.61	−0.005%	$6K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	449.71	+0.018%	$7.7M	$25.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	449.60	−0.007%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	449.69	+0.013%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.16	−0.104%	$723	$173K	10x	as long as short
BloFin WDC-USDT	+0.0008%	8h	449.43	−0.044%	$145K	$94K	20x	as long as short
OKX WDC-USDT-SWAP	+0.0013%	8h	449.77	+0.031%	$2.2M	$4.1M	20x	as long as short
QFEX WDC-USDlong	+0.0031%	1h	449.63	long leg	$1.1M	$4.0M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WDC	+0.0032%	1h	449.50	−0.029%	—	—	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	449.08	−0.122%	$2.4M	$2.5M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	449.42	−0.047%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.42	−0.047%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.40	−0.051%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.67	+0.009%	$33K	$9K	10x	as long as short
Bybit WDCUSDT	+0.0299%	8h	449.79	+0.036%	$1.9M	$790K	25x	as long as short