Funding arb · Price arb /

WET

all WET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.051%

Price spread now: KuCoin against BingX+0.029%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$671as in the Funding arb table

Net, price: spread back to 7d avg − costs−$622as in the Price arb table

costs, in and out, $10k−$6266.258% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.029%, 7d avg −0.008%

Together, before fees−0.379%−$38 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: KuCoin is 0.037% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WET-USDT	0.06973	0.0100	pay 0.0050% / 4h	2h 59m	—	$6.6M	—
Short	KuCoin WETUSDTM	0.06975	0.0100	get 0.0050% / 4h	2h 59m	$668K	$739K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.008%: $3.7
Slippage, 4 orders: −$603.81
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$622.11
Costs to cover: 6.258%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 14 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 BingX live order book, 7 min ago	5.03 bp	31.9 bp −$32	107.4 bp −$1,074	880.7 bp −$88.1K	1232.9 bp −$616.4K
Sell KuCoin live order book, 14 min ago	9.27 bp	301.2 bp −$301	doesn't fit	doesn't fit	doesn't fit

WET on 10 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 WETUSDT	+0.0100%	4h	0.06966	−0.095%	$15K	$31K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06975	+0.029%	$1.4M	$5.7M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06966	−0.100%	$1.5M	$1.7M	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.06975	+0.029%	$758K	$4.2M	20x	as long as short
MEXC WET_USDT	+0.0100%	4h	0.06977	+0.057%	$168K	$177K	50x	as long as short
KuCoin WETUSDTMshort	+0.0100%	4h	0.06975	+0.029%	$668K	$739K	50x
Bitget WETUSDT	+0.0100%	4h	0.06979	+0.086%	$643K	$241K	25x	as long as short
BingX WET-USDTlong	+0.0100%	4h	0.06973	long leg	—	$6.6M	—
Gate WET_USDT	+0.0111%	8h	0.06987	+0.201%	$1.0M	$93K	50x	as long as short
BloFin WET-USDT	+0.0145%	4h	0.06958	−0.215%	$84K	$11K	50x	as long as short