WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Binance against SunX−0.046%56s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1501.503% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 2 days (all we have)+0.049%+$5 · spread now −0.046%, 7d avg −0.006%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.039% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WDC-USDT	451.70	0.0100	pay 0.0100% / 8h	7h 38m	—	$2.6M	10x
Short	Binance WDCUSDT	451.49	0	get 0.0000% / 8h	7h 38m	$7.7M	$25.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$21
Price spread: −0.046% → −0.006%: −$3.95
Slippage, 4 orders: −$132.33
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$175.28
Costs to cover: 1.503%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Binance: live order book, 3 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 SunX live order book, 9 min ago	45.36 bp	64.1 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.00 bp	12.9 bp −$13	37.2 bp −$372	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	450.90	−0.178%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	451.41	−0.065%	$3K	$136K	10x	as long as short
Binance WDCUSDTshort	0.0000%	8h	451.49	−0.046%	$7.7M	$25.4M	20x
Gate WDC_USDT	0.0000%	8h	451.40	−0.066%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	451.61	−0.020%	$1.2M	$1.1M	20x	as long as short
BloFin WDC-USDT	+0.0015%	8h	451.79	+0.020%	$144K	$94K	20x	as long as short
QFEX WDC-USD	+0.0031%	1h	451.36	−0.075%	$1.1M	$3.9M	10x	as long as short
Lighter WDC	+0.0032%	1h	451.17	−0.117%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0044%	8h	451.61	−0.020%	$2.2M	$4.0M	20x	as long as short
edgeX WDCUSDC	+0.0066%	4h	451.35	−0.079%	$50K	$230K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTM	+0.0100%	8h	451.01	−0.153%	$301K	$16K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	451.38	−0.071%	$9K	$2K	10x	as long as short
SunX WDC-USDTlong	+0.0100%	8h	451.70	long leg	—	$2.6M	10x
HTX WDC-USDT	+0.0100%	8h	451.57	−0.029%	$33K	$8K	10x	as long as short
tradeXYZ xyz:WDC	+0.0126%	1h	451.30	−0.089%	$2.4M	$2.2M	10x	as long as short
Bybit WDCUSDT	+0.0320%	8h	451.46	−0.053%	$1.9M	$795K	25x	as long as short
GRVT WDC_USDT_Perp	+0.0901%	8h	451.59	−0.025%	$1K	$169K	10x	as long as short