Settings8H · net · $10k
Funding arb · Price arb /

WET

all WET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0126%/8h= −13.8% APRnext payment $0.63 per $10,000 · paid last 24h −0.046%
Price spread now: BloFin against BingX−1.276%51s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.462%−$46 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BloFin is 1.276% cheaper against BingX than usual: you would sell low and buy high (−$128 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX WET-USDT0.072100.0256pay 0.0128% / 4h50m 20s$6.6M
ShortBloFin WET-USDT0.071180.0130get 0.0065% / 4h50m 20s$91K$11K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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

Funding earned
−$26.55
Price spread: −1.276% → 0.000%
−$127.6
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$176.15
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 2 min ago; BloFin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago5.61 bp35.9 bp −$36105.0 bp −$1,050975.4 bp −$97.5K1310.2 bp −$655.1K
Sell BloFin no order-book sample
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WET on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WETUSDT+0.0100%4h0.07202−0.111%$1.6M$1.5M50xas long as short
OKX WET-USDT-SWAP+0.0100%4h0.072100.000%$816K$3.6M20xas long as short
Gate WET_USDT+0.0100%8h0.07199−0.153%$1.1M$80K50xas long as short
KuCoin WETUSDTM+0.0100%4h0.07201−0.125%$700K$737K50xas long as short
Bitget WETUSDT+0.0100%4h0.07204−0.083%$599K$183K25xas long as short
BloFin WET-USDTshort+0.0130%4h0.07118−1.276%$91K$11K50x
Binance WETUSDT+0.0230%4h0.07209−0.014%$1.4M$5.1M50xas long as short
MEXC WET_USDT+0.0230%4h0.07213+0.042%$180K$166K50xas long as short
BingX WET-USDTlong+0.0256%4h0.07210long leg$6.6M
Aster WETUSDT+0.0783%4h0.07174−0.493%$15K$35K5xas long as short