WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.49 per $10,000 · paid last 24h −0.047%

Price spread now: Gate against Bybit−0.065%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.065%, 7d avg −0.005%

Together, before fees−0.208%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.060% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WDCUSDT	449.59	0.0049	pay 0.0049% / 8h	38m 50s	$1.9M	$803K	25x
Short	Gate WDC_USDT	449.30	0	get 0.0000% / 8h	38m 50s	$2.0M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: −$10.2
Price spread: −0.065% → −0.005%: −$5.95
Slippage, 4 orders: −$56.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$98.98
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 4 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 Bybit live order book, 3 min ago	1.67 bp	21.0 bp −$21	127.4 bp −$1,274	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.34 bp	17.2 bp −$17	81.4 bp −$814	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
edgeX WDCUSDC	−0.0129%	4h	449.42	−0.039%	$50K	$230K	10x	as long as short
Aster WDCUSDT	0.0000%	8h	449.41	−0.041%	$20K	$105K	20x	as long as short
Extended WDC-USD	0.0000%	1h	449.29	−0.066%	$6K	$140K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	449.41	−0.040%	$7.7M	$25.5M	20x	as long as short
Gate WDC_USDTshort	0.0000%	8h	449.30	−0.065%	$2.0M	$2.9M	50x
Bitget WDCUSDT	0.0000%	8h	449.47	−0.027%	$1.2M	$1.2M	20x	as long as short
GRVT WDC_USDT_Perp	0.0000%	8h	449.52	−0.016%	$926	$175K	10x	as long as short
BloFin WDC-USDT	+0.0006%	8h	449.37	−0.049%	$146K	$93K	20x	as long as short
Lighter WDC	+0.0032%	1h	449.13	−0.102%	—	—	10x	as long as short
OKX WDC-USDT-SWAP	+0.0048%	8h	449.53	−0.013%	$2.2M	$4.1M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WDCUSDTlong	+0.0049%	8h	449.59	long leg	$1.9M	$803K	25x
QFEX WDC-USD	+0.0069%	1h	449.24	−0.078%	$1.1M	$3.9M	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	449.15	−0.098%	$299K	$17K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	449.28	−0.069%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	449.30	−0.065%	—	$2.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	449.50	−0.020%	$33K	$9K	10x	as long as short
tradeXYZ xyz:WDC	+0.0184%	1h	449.37	−0.049%	$2.4M	$2.5M	10x	as long as short