Funding arb · Price arb /

WET

all WET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: Bitget against Bybit+0.046%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$2842.845% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.046%, 7d avg +0.122%

Together, before fees+0.282%+$28 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: Bitget is 0.075% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WETUSDT	0.06488	0.0100	pay 0.0050% / 4h	8m 56s	$1.4M	$176K	50x
Short	Bitget WETUSDT	0.06491	0.0100	get 0.0050% / 4h	8m 56s	$566K	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.122%: −$7.53
Slippage, 4 orders: −$261.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$292
Costs to cover: 2.845%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 1 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 Bybit live order book, 2 min ago	4.62 bp	151.1 bp −$151	2199.5 bp −$22.0K	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	10.01 bp	26.3 bp −$26	270.1 bp −$2,701	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	+0.0073%	4h	0.06486	−0.031%	$69K	$6K	50x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06501	+0.197%	$1.1M	$840K	50x	as long as short
Bybit WETUSDTlong	+0.0100%	4h	0.06488	long leg	$1.4M	$176K	50x
OKX WET-USDT-SWAP	+0.0100%	4h	0.06481	−0.108%	$659K	$140K	20x	as long as short
Gate WET_USDT	+0.0100%	8h	0.06501	+0.200%	$977K	$20K	50x	as long as short
MEXC WET_USDT	+0.0100%	4h	0.06500	+0.185%	$166K	$84K	50x	as long as short
KuCoin WETUSDTM	+0.0100%	4h	0.06494	+0.092%	$681K	$678K	50x	as long as short
Bitget WETUSDTshort	+0.0100%	4h	0.06491	+0.046%	$566K	$21K	25x
BingX WET-USDT	+0.0100%	4h	0.06493	+0.077%	—	$6.5M	—	as long as short
Aster WETUSDT	+0.0570%	4h	0.06496	+0.121%	$13K	$29K	5x	as long as short