Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.008%

Price spread now: KuCoin against tradeXYZ+0.062%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1651.652% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.062%, 7d avg +0.004%

Together, before fees+0.009%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.058% dearer against tradeXYZ than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	451.66	0.0050	pay 0.0006% / 1h	59m 42s	$2.4M	$2.2M	10x
Short	KuCoin WDCUSDTM	451.94	0.0100	get 0.0100% / 8h	6h 59m	$301K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $10.5
Price spread: +0.062% → +0.004%: $5.82
Slippage, 4 orders: −$135.17
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$148.85
Costs to cover: 1.652%
Break-even: 106.2 days

Slippage from tradeXYZ: live order book, 8 min ago; KuCoin: live order book, 51 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, 8 min ago	1.33 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	15.77 bp	71.7 bp −$72	doesn't fit	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	451.92	+0.059%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	451.96	+0.066%	$4K	$133K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	452.00	+0.075%	$7.6M	$24.8M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	451.93	+0.060%	$2.0M	$815K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	451.90	+0.053%	$2.0M	$2.5M	50x	as long as short
BloFin WDC-USDT	+0.0018%	8h	452.32	+0.146%	$145K	$94K	20x	as long as short
QFEX WDC-USD	+0.0031%	1h	452.08	+0.093%	$1.1M	$3.8M	10x	as long as short
Lighter WDC	+0.0032%	1h	451.80	+0.031%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0049%	8h	451.84	+0.040%	$2.2M	$4.0M	20x	as long as short
tradeXYZ xyz:WDClong	+0.0050%	1h	451.66	long leg	$2.4M	$2.2M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTMshort	+0.0100%	8h	451.94	+0.062%	$301K	$16K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	452.05	+0.086%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	452.30	+0.142%	—	$2.6M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	452.16	+0.111%	$33K	$8K	10x	as long as short
Bitget WDCUSDT	+0.0128%	8h	451.96	+0.066%	$1.2M	$1.1M	20x	as long as short
edgeX WDCUSDC	+0.0382%	4h	452.09	+0.096%	$50K	$231K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0891%	8h	452.41	+0.166%	$923	$162K	10x	as long as short