Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h —

Price spread now: Lighter against SunX−0.238%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.238% cheaper against SunX than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WDC-USDT	446.10	0.0100	pay 0.0100% / 8h	2h 50m	—	$2.4M	10x
Short	Lighter WDC	445.04	0.0032	get 0.0004% / 1h	50m 23s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.238%Rate

Funding earned: −$14.28
Price spread: −0.238% → 0.000%: −$23.76
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.04
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Lighter: no order-book sample. Net counts fees only.

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, 7 min ago	48.32 bp	67.0 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0143%	8h	445.70	−0.090%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0019%	8h	445.72	−0.085%	$143K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	445.42	−0.152%	$10K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	445.58	−0.116%	$6K	$165K	10x	as long as short
Bybit WDCUSDT	0.0000%	8h	445.55	−0.123%	$1.9M	$865K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	445.50	−0.134%	$1.9M	$2.4M	50x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	445.94	−0.036%	$531	$155K	10x	as long as short
Binance WDCUSDT	+0.0003%	8h	445.62	−0.108%	$7.3M	$25.2M	20x	as long as short
QFEX WDC-USD	+0.0018%	1h	445.80	−0.067%	$1.1M	$3.2M	10x	as long as short
Lighter WDCshort	+0.0032%	1h	445.04	−0.238%	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WDC-USDT-SWAP	+0.0073%	8h	445.86	−0.054%	$2.1M	$4.1M	20x	as long as short
tradeXYZ xyz:WDC	+0.0082%	1h	445.46	−0.143%	$2.4M	$2.1M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	445.38	−0.161%	$273K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	445.33	−0.173%	$9K	$2K	10x	as long as short
SunX WDC-USDTlong	+0.0100%	8h	446.10	long leg	—	$2.4M	10x
HTX WDC-USDT	+0.0100%	8h	446.05	−0.011%	$33K	$8K	10x	as long as short
edgeX WDCUSDC	+0.0244%	4h	445.71	−0.088%	$49K	$230K	10x	as long as short