Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h +0.019%

Price spread now: tradeXYZ against BloFin−0.117%88s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.494% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.117%, 7d avg −0.035%

Together, before fees+0.089%+ Points / potential airdroptradeXYZ: Active · farm board+$9 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: tradeXYZ is 0.082% cheaper against BloFin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WDC-USDT	451.31	0.0055	pay 0.0055% / 8h	4h 59m	$145K	$94K	20x
Short	tradeXYZ xyz:WDC	450.78	0.0050	get 0.0006% / 1h	59m 43s	$2.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. 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 BloFinbpFee tradeXYZbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$1.15
Price spread: −0.117% → −0.035%: −$8.21
Slippage, 4 orders: −$19.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$58.75
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from BloFin: live order book, 37 min ago; tradeXYZ: live order book, 8 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 BloFin live order book, 37 min ago	1.77 bp	9.2 bp −$9	20.1 bp −$201	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	1.00 bp	16.7 bp −$17	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	450.78	−0.117%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	451.14	−0.038%	$2.0M	$815K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	451.10	−0.047%	$1.9M	$2.4M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	451.21	−0.022%	$1.2M	$1.1M	20x	as long as short
edgeX WDCUSDC	+0.0032%	4h	451.09	−0.049%	$50K	$230K	10x	as long as short
Lighter WDC	+0.0032%	1h	450.64	−0.148%	—	—	10x	as long as short
Binance WDCUSDT	+0.0039%	8h	451.20	−0.024%	$7.5M	$24.7M	20x	as long as short
Extended WDC-USD	+0.0040%	1h	451.07	−0.052%	$3K	$132K	10x	as long as short
tradeXYZ xyz:WDCshort	+0.0050%	1h	450.78	−0.117%	$2.4M	$2.1M	10x
QFEX WDC-USD	+0.0050%	1h	451.07	−0.053%	$1.1M	$3.5M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin WDC-USDTlong	+0.0055%	8h	451.31	long leg	$145K	$94K	20x
KuCoin WDCUSDTM	+0.0100%	8h	451.20	−0.024%	$278K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.80	−0.113%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.30	−0.002%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.37	+0.013%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAP	+0.0128%	8h	451.59	+0.062%	$2.2M	$3.9M	20x	as long as short
GRVT WDC_USDT_Perp	+0.0297%	8h	451.21	−0.023%	$537	$157K	10x	as long as short