Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.022%
Price spread now: tradeXYZ against Extended−0.048%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.048%, 7d avg −0.006%
=Together, before fees+0.096%+ Points / potential airdropExtended: Active · tradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.042% cheaper against Extended than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.006%). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.040% in total) that is about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended WDC-USD | 439.70 | 0 | get 0.0000% / 1h | 33m 51s | $2K | $188K | 10x |
| Short | tradeXYZ xyz:WDC | 439.49 | 0.0050 | get 0.0006% / 1h | 33m 51s | $2.3M | $2.1M | 10x |
Extended WDC-USD
tradeXYZ xyz:WDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: −0.048% → −0.006%
- −$4.17
- Slippage, 4 orders
- −$44.31
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$60.98
- Costs to cover
- 0.673%
- Break-even
- 47.7 days
Slippage from Extended: live order book, 62 min ago; tradeXYZ: live order book, 3 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 Extended live order book, 62 min ago | 2.71 bp | 16.6 bp −$17 | 182.2 bp −$1,822 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.59 bp | 16.4 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget WDCUSDT | −0.0310% | 8h | 439.57 | −0.030% | $1.1M | $1.1M | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 440.25 | +0.125% | $10K | $136K | 20x | as long as short |
| Extended WDC-USDlong | 0.0000% | 1h | 439.70 | long leg | $2K | $188K | 10x | |
| Binance WDCUSDT | 0.0000% | 8h | 439.76 | +0.014% | $7.3M | $25.9M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 439.96 | +0.059% | $1.9M | $715K | 25x | as long as short |
| OKX WDC-USDT-SWAP | 0.0000% | 8h | 439.50 | −0.046% | $2.0M | $4.4M | 20x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 439.70 | 0.000% | $1.9M | $2.4M | 50x | as long as short |
| GRVT WDC_USDT_Perp | 0.0000% | 8h | 440.75 | +0.239% | $516 | $143K | 10x | as long as short |
| BloFin WDC-USDT | +0.0021% | 8h | 440.09 | +0.088% | $138K | $95K | 20x | as long as short |
| QFEX WDC-USD | +0.0028% | 1h | 439.66 | −0.009% | $1.1M | $3.0M | 10x | as long as short |
Bitget WDCUSDT
Aster WDCUSDT
Binance WDCUSDT
Bybit WDCUSDT
OKX WDC-USDT-SWAP
Gate WDC_USDT
GRVT WDC_USDT_Perp
BloFin WDC-USDT
QFEX WDC-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter WDC | +0.0032% | 1h | 439.49 | −0.048% | — | — | 10x | as long as short |
| tradeXYZ xyz:WDCshort | +0.0050% | 1h | 439.49 | −0.048% | $2.3M | $2.1M | 10x | |
| KuCoin WDCUSDTM | +0.0100% | 8h | 440.07 | +0.084% | $272K | $92K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 439.92 | +0.050% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 439.90 | +0.045% | — | $2.3M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 440.70 | +0.227% | $33K | $9K | 20x | as long as short |
| edgeX WDCUSDC | +0.0799% | 4h | 440.75 | +0.238% | $49K | $229K | 10x | as long as short |
Lighter WDC
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
edgeX WDCUSDC