Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.018%

Price spread now: OKX against tradeXYZ+0.144%7-day average +0.086% · you sell dearer than you buy

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

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.144%, 7d avg +0.086%

Together, before fees+0.017%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.059% dearer against tradeXYZ than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	450.45	0.0068	pay 0.0008% / 1h	50m 54s	$2.4M	$2.2M	10x
Short	OKX WDC-USDT-SWAP	451.10	0.0063	get 0.0063% / 8h	5h 50m	$2.2M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$0.92
Price spread: +0.144% → +0.086%: $5.87
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.06
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; OKX: live order book, 1 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, 7 min ago	1.33 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.11 bp	10.1 bp −$10	113.2 bp −$1,132	doesn't fit	doesn't fit

WDC on 16 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
edgeX WDCUSDC	−0.0582%	4h	450.79	+0.075%	$50K	$230K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	450.56	+0.024%	$11K	$115K	20x	as long as short
Extended WDC-USD	0.0000%	1h	450.86	+0.091%	$5K	$136K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	451.04	+0.132%	$7.5M	$24.7M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	451.07	+0.138%	$2.0M	$822K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	451.00	+0.122%	$2.0M	$2.5M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	450.98	+0.118%	$1.2M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	450.47	+0.004%	—	—	10x	as long as short
QFEX WDC-USD	+0.0050%	1h	450.82	+0.082%	$1.1M	$3.6M	10x	as long as short
OKX WDC-USDT-SWAPshort	+0.0063%	8h	451.10	+0.144%	$2.2M	$3.9M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:WDClong	+0.0068%	1h	450.45	long leg	$2.4M	$2.2M	10x
KuCoin WDCUSDTM	+0.0100%	8h	450.58	+0.029%	$277K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.73	+0.062%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.00	+0.122%	—	$2.5M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.06	+0.135%	$33K	$8K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0384%	8h	450.93	+0.107%	$541	$158K	10x	as long as short