Funding arb · Price arb /

WDC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.008%

Price spread now: tradeXYZ against KuCoin−0.117%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1431.428% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now −0.117%, 7d avg −0.005%

Together, before fees−0.229%+ Points / potential airdroptradeXYZ: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.112% cheaper against KuCoin than usual: you would sell low and buy high (−$11 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	KuCoin WDCUSDTM	451.31	0.0100	pay 0.0100% / 8h	4h 58m	$278K	$44K	20x
Short	tradeXYZ xyz:WDC	450.78	0.0050	get 0.0006% / 1h	58m 55s	$2.4M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against KuCoin. 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 KuCoinbpFee tradeXYZbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$10.5
Price spread: −0.117% → −0.005%: −$11.21
Slippage, 4 orders: −$112.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$164.5
Costs to cover: 1.428%
Break-even: never at this rate

Slippage from KuCoin: live order book, 22 min ago; tradeXYZ: live order book, 9 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 KuCoin live order book, 22 min ago	16.42 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 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	450.90	−0.090%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	451.30	−0.002%	$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	451.20	−0.024%	$1.2M	$1.1M	20x	as long as short
Lighter WDC	+0.0032%	1h	450.63	−0.151%	—	—	10x	as long as short
Binance WDCUSDT	+0.0039%	8h	451.21	−0.022%	$7.5M	$24.7M	20x	as long as short
Extended WDC-USD	+0.0040%	1h	451.11	−0.045%	$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	451.10	−0.047%	$1.1M	$3.5M	10x	as long as short
BloFin WDC-USDT	+0.0056%	8h	451.21	−0.022%	$145K	$94K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WDCUSDTMlong	+0.0100%	8h	451.31	long leg	$278K	$44K	20x
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.91	−0.089%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.10	−0.047%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.43	+0.027%	$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	+0.0286%	8h	451.29	−0.004%	$537	$157K	10x	as long as short
edgeX WDCUSDC	+0.0492%	4h	451.16	−0.033%	$50K	$231K	10x	as long as short