Funding arb · Price arb /

WDC

RWAall WDC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.011%

Price spread now: Gate against QFEX−0.005%7-day average +0.046% · 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−$62as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.005%, 7d avg +0.046%

Together, before fees−0.015%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.051% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WDC-USD	442.12	0.0057	pay 0.0007% / 1h	31m 12s	$1.1M	$3.0M	10x
Short	Gate WDC_USDT	442.10	0	get 0.0000% / 8h	1h 31m	$1.9M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.005%Rate

Funding earned: −$11.91
Price spread: −0.005% → +0.046%: −$5.07
Slippage, 4 orders: −$31.77
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.76
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from QFEX: live order book, 12 min ago; Gate: live order book, 2 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, 12 min ago	1.47 bp	7.1 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.26 bp	24.5 bp −$25	107.6 bp −$1,076	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
Bitget WDCUSDT	−0.0551%	8h	442.50	+0.086%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0020%	8h	442.36	+0.054%	$143K	$93K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	442.57	+0.102%	$19K	$126K	20x	as long as short
Extended WDC-USD	0.0000%	1h	442.24	+0.028%	$6K	$169K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	442.35	+0.052%	$7.3M	$25.5M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	442.09	−0.007%	$1.9M	$710K	25x	as long as short
Gate WDC_USDTshort	0.0000%	8h	442.10	−0.005%	$1.9M	$2.5M	50x
GRVT WDC_USDT_Perp	+0.0019%	8h	442.29	+0.038%	$517	$150K	10x	as long as short
Lighter WDC	+0.0032%	1h	441.70	−0.095%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0041%	8h	442.32	+0.045%	$2.0M	$4.3M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDC	+0.0050%	1h	441.92	−0.045%	$2.3M	$2.1M	10x	as long as short
QFEX WDC-USDlong	+0.0057%	1h	442.12	long leg	$1.1M	$3.0M	10x
KuCoin WDCUSDTM	+0.0100%	8h	441.88	−0.054%	$271K	$46K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.05	−0.016%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	442.30	+0.041%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.52	+0.090%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0560%	4h	442.28	+0.035%	$49K	$230K	10x	as long as short