Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%

Price spread now: HTX against tradeXYZ+0.226%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.226% dearer against tradeXYZ than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	447.14	0.0050	pay 0.0006% / 1h	39m 02s	$2.4M	$2.1M	10x
Short	HTX WDC-USDT	448.15	0.0100	get 0.0100% / 8h	3h 39m	$33K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.226%Rate

Funding earned: $10.5
Price spread: +0.226% → 0.000%: $22.59
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: $3.09
Costs to cover: 0.300%
Break-even: 4.9 days

Slippage unknown: tradeXYZ: live order book, 9 min ago; HTX: no order-book sample. 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, 9 min ago	1.45 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	447.15	+0.002%	$10K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	447.22	+0.018%	$1.9M	$841K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	447.20	+0.013%	$1.9M	$2.4M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	447.29	+0.034%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	+0.0004%	8h	447.52	+0.085%	$145K	$93K	20x	as long as short
Extended WDC-USD	+0.0024%	1h	447.09	−0.010%	$4K	$132K	10x	as long as short
Binance WDCUSDT	+0.0025%	8h	447.29	+0.034%	$7.4M	$24.8M	20x	as long as short
Lighter WDC	+0.0032%	1h	447.06	−0.018%	—	—	10x	as long as short
QFEX WDC-USD	+0.0037%	1h	447.44	+0.067%	$1.1M	$3.3M	10x	as long as short
GRVT WDC_USDT_Perp	+0.0047%	8h	448.13	+0.222%	$520	$156K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDClong	+0.0050%	1h	447.14	long leg	$2.4M	$2.1M	10x
edgeX WDCUSDC	+0.0090%	4h	448.02	+0.196%	$50K	$230K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	447.24	+0.022%	$274K	$45K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	447.18	+0.009%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	447.40	+0.058%	—	$2.4M	10x	as long as short
HTX WDC-USDTshort	+0.0100%	8h	448.15	+0.226%	$33K	$8K	10x
OKX WDC-USDT-SWAP	+0.0134%	8h	447.32	+0.040%	$2.1M	$4.0M	20x	as long as short