Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.022%

Price spread now: Binance against tradeXYZ+0.044%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.044%, 7d avg +0.071%

Together, before fees+0.001%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	450.83	0.0050	pay 0.0006% / 1h	36m 34s	$2.4M	$2.1M	10x
Short	Binance WDCUSDT	451.03	0.0047	get 0.0047% / 8h	4h 36m	$7.5M	$24.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: −$0.71
Price spread: +0.044% → +0.071%: −$2.62
Slippage, 4 orders: −$20.3
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.63
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 1 min ago; Binance: live order book, 5 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 tradeXYZ live order book, 1 min ago	1.33 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.77 bp	8.3 bp −$8	36.3 bp −$363	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	450.92	+0.021%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	451.00	+0.038%	$1.9M	$850K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	451.00	+0.038%	$1.9M	$2.4M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	451.07	+0.053%	$1.2M	$1.1M	20x	as long as short
BloFin WDC-USDT	+0.0026%	8h	451.06	+0.051%	$146K	$94K	20x	as long as short
Lighter WDC	+0.0032%	1h	450.91	+0.018%	—	—	10x	as long as short
Binance WDCUSDTshort	+0.0047%	8h	451.03	+0.044%	$7.5M	$24.7M	20x
Extended WDC-USD	+0.0048%	1h	450.90	+0.016%	$6K	$137K	10x	as long as short
tradeXYZ xyz:WDClong	+0.0050%	1h	450.83	long leg	$2.4M	$2.1M	10x
QFEX WDC-USD	+0.0058%	1h	451.04	+0.047%	$1.1M	$3.5M	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	450.98	+0.033%	$277K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	451.03	+0.044%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.10	+0.060%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.53	+0.155%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0142%	8h	451.34	+0.113%	$2.2M	$3.9M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0243%	8h	451.55	+0.159%	$537	$157K	10x	as long as short
edgeX WDCUSDC	+0.0476%	4h	451.30	+0.104%	$50K	$230K	10x	as long as short