Settings8H · net · $10k
Funding arb · Price arb /

WDC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h −0.023%
Price spread now: edgeX against SunX−0.088%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1601.603% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.138%−$14 on $10k
Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.088%, 7d avg −0.007%
Together, before fees−0.038%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.081% cheaper against SunX than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of −0.007%). If the spread goes back, that is −$8 on $10k: about 45 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.138%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX WDC-USDT446.100.0100pay 0.0100% / 8h2h 50m$2.4M10x
ShortedgeX WDCUSDC445.710.0244get 0.0122% / 4h2h 50m$49K$230K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$30.22
Price spread: −0.088% → −0.007%
−$8.09
Slippage, 4 orders
−$143.33
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$138.2
Costs to cover
1.603%
Break-even
39.0 days
Slippage from SunX: live order book, 6 min ago; edgeX: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago48.32 bp67.0 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 61 min ago2.00 bp11.0 bp −$11doesn't fitdoesn't fitdoesn't fit

WDC on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget WDCUSDT−0.0144%8h445.70−0.090%$1.1M$1.1M20xas long as short
BloFin WDC-USDT−0.0019%8h445.72−0.085%$143K$94K20xas long as short
Aster WDCUSDT0.0000%8h445.40−0.158%$10K$115K20xas long as short
Extended WDC-USD0.0000%1h445.60−0.112%$6K$165K10xas long as short
Bybit WDCUSDT0.0000%8h445.55−0.123%$1.9M$865K25xas long as short
Gate WDC_USDT0.0000%8h445.50−0.134%$1.9M$2.4M50xas long as short
GRVT WDC_USDT_Perp0.0000%8h445.94−0.036%$531$155K10xas long as short
Binance WDCUSDT+0.0001%8h445.72−0.086%$7.3M$25.2M20xas long as short
QFEX WDC-USD+0.0018%1h445.80−0.067%$1.1M$3.2M10xas long as short
Lighter WDC+0.0032%1h445.10−0.224%10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:WDC+0.0063%1h445.39−0.159%$2.4M$2.1M10xas long as short
OKX WDC-USDT-SWAP+0.0073%8h445.84−0.058%$2.1M$4.1M20xas long as short
KuCoin WDCUSDTM+0.0100%8h445.33−0.173%$273K$45K20xas long as short
Orderly PERP_WDC_USDC_mythos+0.0100%8h445.67−0.096%$9K$2K10xas long as short
SunX WDC-USDTlong+0.0100%8h446.10long leg$2.4M10x
HTX WDC-USDT+0.0100%8h446.05−0.011%$33K$8K10xas long as short
edgeX WDCUSDCshort+0.0244%4h445.71−0.088%$49K$230K10x