Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h —

Price spread now: Lighter against tradeXYZ−0.029%7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.029% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	442.52	0.0050	pay 0.0006% / 1h	9m 09s	$2.3M	$2.1M	10x
Short	Lighter WDC	442.39	0.0032	get 0.0004% / 1h	9m 09s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$3.78
Price spread: −0.029% → 0.000%: −$2.94
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 2 min ago; Lighter: 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, 2 min ago	1.36 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 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	442.58	+0.015%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	442.86	+0.077%	$6K	$191K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	443.04	+0.118%	$7.3M	$26.1M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	443.02	+0.113%	$1.9M	$707K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	443.18	+0.149%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	442.90	+0.086%	$1.9M	$2.3M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	442.97	+0.102%	$1.1M	$1.1M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0002%	8h	442.75	+0.052%	$522	$136K	10x	as long as short
BloFin WDC-USDT	+0.0017%	8h	443.18	+0.149%	$137K	$98K	20x	as long as short
Lighter WDCshort	+0.0032%	1h	442.39	−0.029%	—	—	10x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WDC-USD	+0.0041%	1h	442.88	+0.081%	$1.1M	$3.1M	10x	as long as short
tradeXYZ xyz:WDClong	+0.0050%	1h	442.52	long leg	$2.3M	$2.1M	10x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.57	+0.011%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	442.47	−0.011%	$274K	$186K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	442.90	+0.086%	—	$1.8M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	443.04	+0.118%	$33K	$7K	20x	as long as short
edgeX WDCUSDC	+0.0301%	4h	442.75	+0.052%	$49K	$229K	10x	as long as short