Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.019%

Price spread now: BloFin against tradeXYZ−0.023%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.023%, 7d avg +0.039%

Together, before fees+0.045%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.062% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	444.44	0.0050	pay 0.0006% / 1h	5m 14s	$2.3M	$2.1M	10x
Short	BloFin WDC-USDT	444.34	0.0008	get 0.0008% / 8h	6h 05m	$137K	$99K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$8.9
Price spread: −0.023% → +0.039%: −$6.17
Slippage, 4 orders: −$28.07
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$73.15
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; BloFin: live order book, 38 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, 6 min ago	1.36 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 38 min ago	0.90 bp	14.1 bp −$14	27.6 bp −$276	doesn't fit	doesn't fit

WDC on 17 exchanges

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	−0.0681%	4h	444.25	−0.042%	$49K	$229K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	444.01	−0.096%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	444.28	−0.036%	$6K	$191K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	444.28	−0.036%	$7.3M	$26.2M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	444.57	+0.029%	$1.9M	$708K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	444.53	+0.020%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	444.80	+0.081%	$1.9M	$2.3M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	444.31	−0.029%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDTshort	+0.0008%	8h	444.34	−0.023%	$137K	$99K	20x
Lighter WDC	+0.0032%	1h	443.88	−0.126%	—	—	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0041%	1h	444.69	+0.056%	$1.1M	$3.1M	10x	as long as short
tradeXYZ xyz:WDClong	+0.0050%	1h	444.44	long leg	$2.3M	$2.1M	10x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	444.29	−0.034%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	444.11	−0.074%	$274K	$190K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	444.50	+0.014%	—	$1.8M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	444.42	−0.005%	$33K	$7K	20x	as long as short
GRVT WDC_USDT_Perp	+0.0101%	8h	445.13	+0.154%	$521	$136K	10x	as long as short