Funding arb · Price arb /

WET

all WET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%

Price spread now: Binance against Bitget+0.089%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$235as in the Price arb table

costs, in and out, $10k−$2432.435% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.089%, 7d avg +0.008%

Together, before fees+0.037%+$4 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: Binance is 0.082% dearer against Bitget than usual: you sell high and buy low, +$8 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	Bitget WETUSDT	0.07094	0.0100	pay 0.0050% / 4h	4m 08s	$645K	$225K	25x
Short	Binance WETUSDT	0.07100	0.0100	get 0.0050% / 4h	4m 08s	$1.4M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.008%: $8.17
Slippage, 4 orders: −$221.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$235.29
Costs to cover: 2.435%
Break-even: never at this rate

Slippage from Bitget: live order book, 51 min ago; Binance: live order book, 4 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 Bitget live order book, 51 min ago	11.27 bp	110.4 bp −$110	646.4 bp −$6,464	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	4.28 bp	31.7 bp −$32	160.3 bp −$1,603	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
Binance WETUSDTshort	+0.0100%	4h	0.07100	+0.089%	$1.4M	$5.5M	50x
Bybit WETUSDT	+0.0100%	4h	0.07084	−0.141%	$1.6M	$1.6M	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.07091	−0.042%	$807K	$4.0M	20x	as long as short
Gate WET_USDT	+0.0100%	8h	0.07113	+0.268%	$1.1M	$84K	50x	as long as short
MEXC WET_USDT	+0.0100%	4h	0.07091	−0.042%	$158K	$173K	50x	as long as short
KuCoin WETUSDTM	+0.0100%	4h	0.07101	+0.099%	$686K	$737K	50x	as long as short
Bitget WETUSDTlong	+0.0100%	4h	0.07094	long leg	$645K	$225K	25x
BingX WET-USDT	+0.0100%	4h	0.07091	−0.042%	—	$6.6M	—	as long as short
BloFin WET-USDT	+0.0146%	4h	0.07005	−1.255%	$87K	$11K	50x	as long as short
Aster WETUSDT	+0.0349%	4h	0.07109	+0.214%	$16K	$35K	5x	as long as short