WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.01 per $10,000 · paid last 24h −0.012%

Price spread now: QFEX against tradeXYZ+0.061%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.061%, 7d avg +0.019%

Together, before fees−0.059%+ Points / potential airdroptradeXYZ: Active · farm board−$6 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: QFEX is 0.042% dearer against tradeXYZ than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	442.40	0.0050	pay 0.0006% / 1h	11m 21s	$2.3M	$2.1M	10x
Short	QFEX WDC-USD	442.67	0.0041	get 0.0005% / 1h	11m 21s	$1.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$1.88
Price spread: +0.061% → +0.019%: $4.2
Slippage, 4 orders: −$23.88
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$49.56
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; QFEX: live order book, 5 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, 10 min ago	1.13 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.24 bp	9.6 bp −$10	13.8 bp −$138	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
edgeX WDCUSDC	−0.0769%	4h	442.16	−0.053%	$49K	$230K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	442.49	+0.020%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	442.61	+0.047%	$6K	$191K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	442.75	+0.079%	$7.3M	$26.1M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	442.73	+0.075%	$1.9M	$706K	25x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	442.88	+0.108%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDT	0.0000%	8h	442.70	+0.068%	$1.9M	$2.3M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	442.97	+0.129%	$1.1M	$1.1M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	442.55	+0.034%	$522	$136K	10x	as long as short
BloFin WDC-USDT	+0.0012%	8h	442.57	+0.038%	$137K	$98K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WDC	+0.0032%	1h	442.39	−0.002%	—	—	10x	as long as short
QFEX WDC-USDshort	+0.0041%	1h	442.67	+0.061%	$1.1M	$3.1M	10x
tradeXYZ xyz:WDClong	+0.0050%	1h	442.40	long leg	$2.3M	$2.1M	10x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	442.59	+0.043%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	442.38	−0.005%	$274K	$184K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	442.70	+0.068%	—	$1.8M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	442.45	+0.011%	$33K	$7K	20x	as long as short