Funding arb · Price arb /

WDC

RWAall WDC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.021%

Price spread now: KuCoin against QFEX+0.071%7-day average −0.007% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now +0.071%, 7d avg −0.007%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.078% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WDC-USD	450.71	0.0050	pay 0.0006% / 1h	4m 10s	$1.1M	$3.5M	10x
Short	KuCoin WDCUSDTM	451.03	0.0100	get 0.0100% / 8h	5h 04m	$278K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.071%Rate

Funding earned: $10.4
Price spread: +0.071% → −0.007%: $7.8
Slippage, 4 orders: −$110.55
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$114.35
Costs to cover: 1.326%
Break-even: 84.0 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 17 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, 4 min ago	1.55 bp	9.9 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell KuCoin live order book, 17 min ago	16.42 bp	72.9 bp −$73	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
Aster WDCUSDT	0.0000%	8h	450.66	−0.012%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	450.93	+0.049%	$2.0M	$816K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	450.80	+0.020%	$1.9M	$2.5M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	450.84	+0.029%	$1.2M	$1.1M	20x	as long as short
BloFin WDC-USDT	+0.0018%	8h	451.31	+0.133%	$102K	$94K	20x	as long as short
Lighter WDC	+0.0032%	1h	450.38	−0.073%	—	—	10x	as long as short
Binance WDCUSDT	+0.0040%	8h	450.88	+0.038%	$7.5M	$24.7M	20x	as long as short
Extended WDC-USD	+0.0040%	1h	450.77	+0.012%	$3K	$132K	10x	as long as short
tradeXYZ xyz:WDC	+0.0050%	1h	450.44	−0.060%	$2.4M	$2.1M	10x	as long as short
QFEX WDC-USDlong	+0.0050%	1h	450.71	long leg	$1.1M	$3.5M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTMshort	+0.0100%	8h	451.03	+0.071%	$278K	$44K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.67	−0.009%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.00	+0.064%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.52	+0.180%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0128%	8h	451.01	+0.067%	$2.2M	$3.9M	20x	as long as short
edgeX WDCUSDC	+0.0240%	4h	451.24	+0.118%	$50K	$230K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0303%	8h	451.18	+0.104%	$528	$157K	10x	as long as short