Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.024%

Price spread now: tradeXYZ against Gate−0.034%7-day average −0.066% · you buy dearer than you sell

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

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 7 days−0.029%−$3 · spread now −0.034%, 7d avg −0.066%

Together, before fees+0.149%+ Points / potential airdroptradeXYZ: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WDC_USDT	444.60	0	get 0.0000% / 8h	5h 42m	$1.9M	$2.1M	50x
Short	tradeXYZ xyz:WDC	444.45	0.0050	get 0.0006% / 1h	42m 52s	$2.3M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Gate. 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 GatebpFee tradeXYZbpOrdersPrice spread, now −0.034%Rate

Funding earned: $10.5
Price spread: −0.034% → −0.066%: $3.25
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$19.25
Costs to cover: 0.330%
Break-even: 19.8 days

Slippage unknown: Gate: live order book, 3 min ago; tradeXYZ: live order book, 8 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 Gate live order book, 3 min ago	2.25 bp	24.5 bp −$24	132.0 bp −$1,320	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	1.91 bp	doesn't fit	doesn't fit	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
BloFin WDC-USDT	−0.0015%	8h	444.79	+0.043%	$138K	$101K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	444.16	−0.099%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	444.60	0.000%	$4K	$193K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	444.78	+0.040%	$7.3M	$26.3M	20x	as long as short
OKX WDC-USDT-SWAP	0.0000%	8h	444.77	+0.038%	$2.0M	$4.5M	20x	as long as short
Gate WDC_USDTlong	0.0000%	8h	444.60	long leg	$1.9M	$2.1M	50x
Bitget WDCUSDT	0.0000%	8h	444.77	+0.038%	$1.1M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	444.22	−0.085%	—	—	10x	as long as short
tradeXYZ xyz:WDCshort	+0.0050%	1h	444.45	−0.034%	$2.3M	$2.1M	10x
QFEX WDC-USD	+0.0067%	1h	444.63	+0.007%	$1.1M	$3.1M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WDCUSDT	+0.0071%	8h	444.81	+0.047%	$1.9M	$712K	25x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	444.53	−0.016%	$9K	$2K	10x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	444.36	−0.054%	$274K	$215K	20x	as long as short
SunX WDC-USDT	+0.0100%	8h	444.70	+0.022%	—	$1.7M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	444.72	+0.027%	$33K	$7K	20x	as long as short
GRVT WDC_USDT_Perp	+0.0495%	8h	445.08	+0.108%	$525	$135K	10x	as long as short
edgeX WDCUSDC	+0.0759%	4h	444.58	−0.004%	$49K	$230K	10x	as long as short