Funding arb · Price arb /

WDC

RWAall WDC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h −0.018%

Price spread now: OKX against tradeXYZ+0.180%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.180%, 7d avg +0.086%

Together, before fees−0.032%+ Points / potential airdroptradeXYZ: Active · farm board−$3 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 OKX is 0.094% dearer against tradeXYZ than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:WDC	450.78	0.0050	pay 0.0006% / 1h	59m 56s	$2.4M	$2.1M	10x
Short	OKX WDC-USDT-SWAP	451.59	0.0128	get 0.0128% / 8h	4h 59m	$2.2M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against tradeXYZ. 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 tradeXYZbpFee OKXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $16.41
Price spread: +0.180% → +0.086%: $9.38
Slippage, 4 orders: −$26.19
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.39
Costs to cover: 0.542%
Break-even: 19.1 days

Slippage from tradeXYZ: live order book, 8 min ago; OKX: live order book, 2 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 tradeXYZ live order book, 8 min ago	1.00 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.55 bp	13.5 bp −$13	105.2 bp −$1,052	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	450.78	−0.001%	$11K	$115K	20x	as long as short
Bybit WDCUSDT	0.0000%	8h	451.11	+0.073%	$2.0M	$816K	25x	as long as short
Gate WDC_USDT	0.0000%	8h	451.10	+0.071%	$1.9M	$2.6M	50x	as long as short
Bitget WDCUSDT	0.0000%	8h	451.20	+0.093%	$1.2M	$1.1M	20x	as long as short
edgeX WDCUSDC	+0.0032%	4h	451.09	+0.068%	$50K	$230K	10x	as long as short
Lighter WDC	+0.0032%	1h	450.63	−0.033%	—	—	10x	as long as short
Binance WDCUSDT	+0.0039%	8h	451.15	+0.081%	$7.5M	$24.7M	20x	as long as short
Extended WDC-USD	+0.0040%	1h	451.00	+0.049%	$3K	$132K	10x	as long as short
tradeXYZ xyz:WDClong	+0.0050%	1h	450.78	long leg	$2.4M	$2.1M	10x
QFEX WDC-USD	+0.0050%	1h	451.07	+0.064%	$1.1M	$3.5M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin WDC-USDT	+0.0055%	8h	451.31	+0.118%	$145K	$94K	20x	as long as short
KuCoin WDCUSDTM	+0.0100%	8h	451.17	+0.087%	$278K	$44K	20x	as long as short
Orderly PERP_WDC_USDC_mythos	+0.0100%	8h	450.80	+0.004%	$9K	$2K	10x	as long as short
SunX WDC-USDT	+0.0100%	8h	451.30	+0.115%	—	$2.4M	10x	as long as short
HTX WDC-USDT	+0.0100%	8h	451.37	+0.131%	$33K	$8K	10x	as long as short
OKX WDC-USDT-SWAPshort	+0.0128%	8h	451.59	+0.180%	$2.2M	$3.9M	20x
GRVT WDC_USDT_Perp	+0.0297%	8h	451.21	+0.095%	$537	$157K	10x	as long as short