Funding you earn now, next payment 00:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.007%
Price spread now: Bitget against tradeXYZ+0.031%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now +0.031%, 7d avg +0.078%
=Together, before fees−0.082%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.047% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:WDC | 449.35 | 0.0195 | pay 0.0024% / 1h | 41m 08s | $2.4M | $2.5M | 10x |
| Short | Bitget WDCUSDT | 449.49 | 0 | get 0.0000% / 8h | 41m 08s | $1.2M | $1.2M | 20x |
tradeXYZ xyz:WDC
Bitget WDCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against tradeXYZ. 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
- −$40.96
- Price spread: +0.031% → +0.078%
- −$4.69
- Slippage, 4 orders
- −$43.82
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$119.47
- Costs to cover
- 0.738%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Bitget: 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, 7 min ago | 2.34 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.78 bp | 28.3 bp −$28 | 65.1 bp −$651 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX WDCUSDC | −0.0031% | 4h | 449.40 | +0.010% | $50K | $231K | 10x | as long as short |
| BloFin WDC-USDT | −0.0002% | 8h | 449.52 | +0.038% | $145K | $93K | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 449.43 | +0.017% | $20K | $105K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 449.37 | +0.005% | $6K | $140K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 449.47 | +0.026% | $7.7M | $25.5M | 20x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 449.40 | +0.011% | $2.0M | $2.9M | 50x | as long as short |
| Bitget WDCUSDTshort | 0.0000% | 8h | 449.49 | +0.031% | $1.2M | $1.2M | 20x | |
| GRVT WDC_USDT_Perp | 0.0000% | 8h | 449.55 | +0.045% | $926 | $175K | 10x | as long as short |
| Lighter WDC | +0.0032% | 1h | 449.10 | −0.056% | — | — | 10x | as long as short |
| Bybit WDCUSDT | +0.0047% | 8h | 449.61 | +0.058% | $1.9M | $803K | 25x | as long as short |
edgeX WDCUSDC
BloFin WDC-USDT
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Gate WDC_USDT
GRVT WDC_USDT_Perp
Lighter WDC
Bybit WDCUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WDC-USDT-SWAP | +0.0047% | 8h | 449.66 | +0.069% | $2.2M | $4.1M | 20x | as long as short |
| QFEX WDC-USD | +0.0069% | 1h | 449.34 | −0.002% | $1.1M | $3.9M | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 449.22 | −0.029% | $299K | $17K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 449.25 | −0.022% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 449.50 | +0.033% | — | $2.7M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 449.50 | +0.033% | $33K | $9K | 10x | as long as short |
| tradeXYZ xyz:WDClong | +0.0195% | 1h | 449.35 | long leg | $2.4M | $2.5M | 10x |
OKX WDC-USDT-SWAP
QFEX WDC-USD
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT