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: Gate against SunX−0.067%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1721.721% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.067%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.050% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX WDC-USDT | 450.70 | 0.0100 | pay 0.0100% / 8h | 6h 18m | — | $2.5M | 10x |
| Short | Gate WDC_USDT | 450.40 | 0 | get 0.0000% / 8h | 6h 18m | $2.0M | $2.6M | 50x |
SunX WDC-USDT
Gate WDC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.067% → −0.016%
- −$5.04
- Slippage, 4 orders
- −$149.05
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$198.09
- Costs to cover
- 1.721%
- Break-even
- never at this rate
Slippage from SunX: live order book, 8 min ago; Gate: live order book, 4 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, 8 min ago | 47.69 bp | 70.6 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.22 bp | 22.3 bp −$22 | 281.0 bp −$2,810 | doesn't fit | doesn't fit |
WDC on 16 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 | 450.11 | −0.131% | $11K | $115K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 450.30 | −0.089% | $4K | $134K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 450.53 | −0.037% | $7.5M | $25.0M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 450.43 | −0.060% | $2.0M | $824K | 25x | as long as short |
| Gate WDC_USDTshort | 0.0000% | 8h | 450.40 | −0.067% | $2.0M | $2.6M | 50x | |
| Bitget WDCUSDT | 0.0000% | 8h | 450.70 | 0.000% | $1.2M | $1.1M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 450.00 | −0.155% | — | — | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0048% | 8h | 450.93 | +0.051% | $2.2M | $4.0M | 20x | as long as short |
| tradeXYZ xyz:WDC | +0.0060% | 1h | 450.14 | −0.124% | $2.4M | $2.2M | 10x | as long as short |
| QFEX WDC-USD | +0.0062% | 1h | 450.58 | −0.027% | $1.1M | $3.7M | 10x | as long as short |
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
Bitget WDCUSDT
Lighter WDC
OKX WDC-USDT-SWAP
tradeXYZ xyz:WDC
QFEX WDC-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WDCUSDTM | +0.0100% | 8h | 450.36 | −0.075% | $277K | $44K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 450.43 | −0.060% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDTlong | +0.0100% | 8h | 450.70 | long leg | — | $2.5M | 10x | |
| HTX WDC-USDT | +0.0100% | 8h | 450.82 | +0.027% | $33K | $8K | 10x | as long as short |
| edgeX WDCUSDC | +0.0120% | 4h | 450.60 | −0.022% | $50K | $230K | 10x | as long as short |
| GRVT WDC_USDT_Perp | +0.0460% | 8h | 450.83 | +0.029% | $595 | $161K | 10x | as long as short |
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
HTX WDC-USDT
edgeX WDCUSDC
GRVT WDC_USDT_Perp