Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.024%

Price spread now: Gate against tradeXYZ+0.014%7-day average +0.066% · you sell dearer than you buy

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

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 7 days+0.049%+$5 · spread now +0.014%, 7d avg +0.066%

Together, before fees−0.129%+ Points / potential airdroptradeXYZ: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.053% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	444.24	0.0050	pay 0.0006% / 1h	45m 51s	$2.3M	$2.1M	10x
Short	Gate WDC_USDT	444.30	0	get 0.0000% / 8h	5h 45m	$1.9M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$10.5
Price spread: +0.014% → +0.066%: −$5.27
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.77
Costs to cover: 0.330%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 min ago; Gate: live order book, 5 min ago. 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 tradeXYZ live order book, 5 min ago	1.91 bp	17.1 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.24 bp	22.2 bp −$22	109.3 bp −$1,093	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
Aster WDCUSDT	0.0000%	8h	443.98	−0.059%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	444.28	+0.010%	$4K	$193K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	444.58	+0.077%	$7.3M	$26.3M	20x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	444.53	+0.065%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDTshort	0.0000%	8h	444.30	+0.014%	$1.9M	$2.1M	50x
Bitget WDCUSDT	0.0000%	8h	444.65	+0.092%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	+0.0008%	8h	444.94	+0.158%	$137K	$101K	20x	as long as short
Bybit WDCUSDT	+0.0030%	8h	444.60	+0.081%	$1.9M	$712K	25x	as long as short
Lighter WDC	+0.0032%	1h	444.12	−0.027%	—	—	10x	as long as short
tradeXYZ xyz:WDClong	+0.0050%	1h	444.24	long leg	$2.3M	$2.1M	10x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0067%	1h	444.64	+0.090%	$1.1M	$3.1M	10x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	444.20	−0.009%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	444.38	+0.032%	$274K	$212K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	444.60	+0.081%	—	$1.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	445.60	+0.306%	$33K	$7K	20x	as long as short
GRVT WDC_USDT_Perp	+0.0461%	8h	445.22	+0.222%	$530	$136K	10x	as long as short
edgeX WDCUSDC	+0.0835%	4h	445.44	+0.270%	$49K	$229K	10x	as long as short