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 −0.009%

Price spread now: KuCoin against Bitget+0.160%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$683as in the Funding arb table

Net, price: spread back to 7d avg − costs−$649as in the Price arb table

costs, in and out, $10k−$6726.721% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.160%, 7d avg −0.066%

Together, before fees−0.294%−$29 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 0.226% dearer against Bitget than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WETUSDT	0.06865	0.0100	pay 0.0050% / 4h	2h 37m	$635K	$254K	25x
Short	KuCoin WETUSDTM	0.06876	0.0100	get 0.0050% / 4h	2h 37m	$658K	$743K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → −0.066%: $22.65
Slippage, 4 orders: −$648.11
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$649.46
Costs to cover: 6.721%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; KuCoin: live order book, 37 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, 8 min ago	9.36 bp	49.8 bp −$50	313.2 bp −$3,132	doesn't fit	doesn't fit
Sell KuCoin live order book, 37 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
BloFin WET-USDT	+0.0062%	4h	0.06847	−0.262%	$83K	$11K	50x	as long as short
Aster WETUSDT	+0.0100%	4h	0.06859	−0.080%	$15K	$31K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06875	+0.142%	$1.3M	$5.9M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06867	+0.029%	$1.5M	$1.7M	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.06875	+0.146%	$735K	$4.2M	20x	as long as short
MEXC WET_USDT	+0.0100%	4h	0.06873	+0.117%	$167K	$175K	50x	as long as short
KuCoin WETUSDTMshort	+0.0100%	4h	0.06876	+0.160%	$658K	$743K	50x
Bitget WETUSDTlong	+0.0100%	4h	0.06865	long leg	$635K	$254K	25x
BingX WET-USDT	+0.0100%	4h	0.06868	+0.044%	—	$6.6M	—	as long as short
Gate WET_USDT	+0.0130%	8h	0.06871	+0.087%	$1.0M	$99K	50x	as long as short