WDC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.012%

Price spread now: tradeXYZ against QFEX−0.047%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on QFEX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days+0.005%$0 · spread now −0.047%, 7d avg −0.019%

Together, before fees+0.023%+ Points / potential airdroptradeXYZ: Active · farm board+$2 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 0.029% cheaper against QFEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WDC-USD	443.26	0.0059	pay 0.0007% / 1h	31m 20s	$1.1M	$3.0M	10x
Short	tradeXYZ xyz:WDC	443.05	0.0050	get 0.0006% / 1h	31m 20s	$2.3M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against QFEX. 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 QFEXbpFee tradeXYZbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$1.8
Price spread: −0.047% → −0.019%: −$2.86
Slippage, 4 orders: −$18.19
Fee QFEX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$50.85
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; tradeXYZ: live order book, 6 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 QFEX live order book, 7 min ago	1.58 bp	9.0 bp −$9	13.2 bp −$132	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	1.24 bp	14.7 bp −$15	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	−0.0423%	8h	443.44	+0.041%	$1.1M	$1.1M	20x	as long as short
BloFin WDC-USDT	−0.0020%	8h	443.43	+0.038%	$140K	$95K	20x	as long as short
Aster WDCUSDT	0.0000%	8h	442.97	−0.065%	$10K	$136K	20x	as long as short
Extended WDC-USD	0.0000%	1h	443.25	−0.002%	$3K	$185K	10x	as long as short
Binance WDCUSDT	0.0000%	8h	443.39	+0.029%	$7.3M	$25.4M	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	443.39	+0.029%	$1.9M	$708K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	443.40	+0.032%	$1.9M	$2.5M	50x	as long as short
OKX WDC-USDT-SWAP	+0.0005%	8h	443.30	+0.009%	$2.0M	$4.3M	20x	as long as short
edgeX WDCUSDC	+0.0021%	4h	443.31	+0.012%	$49K	$230K	10x	as long as short
GRVT WDC_USDT_Perp	+0.0027%	8h	443.44	+0.041%	$519	$146K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WDC	+0.0032%	1h	442.82	−0.099%	—	—	10x	as long as short
tradeXYZ xyz:WDCshort	+0.0050%	1h	443.05	−0.047%	$2.3M	$2.1M	10x
QFEX WDC-USDlong	+0.0059%	1h	443.26	long leg	$1.1M	$3.0M	10x
KuCoin WDCUSDTM	+0.0100%	8h	443.05	−0.047%	$272K	$46K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	443.16	−0.023%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	443.30	+0.009%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	443.60	+0.077%	$33K	$8K	10x	as long as short