WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.88 per $10,000 · paid last 24h −0.026%

Price spread now: OKX against SunX+0.122%47s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as 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−$1621.625% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.163%−$16 · spread now +0.122%, 7d avg +0.021%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.101% dearer against SunX than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.021%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you. The two prices were read 47 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	449.90	0.0100	pay 0.0100% / 8h	7h 53m	—	$2.6M	10x
Short	OKX WDC-USDT-SWAP	450.45	0.0012	get 0.0012% / 8h	7h 53m	$2.2M	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$18.43
Price spread: +0.122% → +0.021%: $10.14
Slippage, 4 orders: −$144.45
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$170.74
Costs to cover: 1.625%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; OKX: 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, 4 min ago	46.68 bp	69.6 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.89 bp	12.6 bp −$13	125.9 bp −$1,259	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
BloFin WDC-USDT	−0.0024%	8h	449.74	−0.036%	$145K	$94K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	449.96	+0.012%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	450.25	+0.078%	$6K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	450.27	+0.083%	$7.7M	$25.4M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	450.10	+0.044%	$2.0M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	450.23	+0.073%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.60	−0.067%	$1K	$171K	10x	as long as short
OKX WDC-USDT-SWAPshort	+0.0012%	8h	450.45	+0.122%	$2.2M	$4.1M	20x
QFEX WDC-USD	+0.0031%	1h	450.33	+0.096%	$1.1M	$4.0M	10x	as long as short
Lighter WDC	+0.0032%	1h	449.81	−0.020%	—	—	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	449.89	−0.002%	$300K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.78	−0.027%	$9K	$2K	10x	as long as short
SunX WDC-USDTlong	+0.0100%	8h	449.90	long leg	—	$2.6M	10x
HTX WDC-USDT	+0.0100%	8h	449.67	−0.051%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0134%	1h	449.96	+0.013%	$2.4M	$2.2M	10x	as long as short
edgeX WDCUSDC	+0.0287%	4h	449.56	−0.077%	$50K	$230K	10x	as long as short
Bybit WDCUSDT	+0.0459%	8h	450.33	+0.096%	$1.9M	$787K	25x	as long as short