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

WET

all WET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment $0.23 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Bybit−0.058%112s7-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−0.001%$0 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 −$1 a day on $10k at the current rate, and BloFin is 0.058% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit WETUSDT0.069300.0100pay 0.0050% / 4h2h 17m$1.5M$1.8M50x
ShortBloFin WET-USDT0.069260.0055get 0.0027% / 4h2h 17m$81K$11K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$9.46
Price spread: −0.058% → 0.000%
−$5.77
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$38.23
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago5.08 bp155.7 bp −$1561926.2 bp −$19.3Kdoesn't fitdoesn't fit
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
BloFin WET-USDTshort+0.0055%4h0.06926−0.058%$81K$11K50x
Aster WETUSDT+0.0100%4h0.06921−0.131%$15K$32K5xas long as short
Binance WETUSDT+0.0100%4h0.06929−0.014%$1.3M$6.0M50xas long as short
Bybit WETUSDTlong+0.0100%4h0.06930long leg$1.5M$1.8M50x
OKX WET-USDT-SWAP+0.0100%4h0.06920−0.144%$744K$4.4M20xas long as short
MEXC WET_USDT+0.0100%4h0.06940+0.144%$169K$179K50xas long as short
KuCoin WETUSDTM+0.0100%4h0.06943+0.188%$648K$746K50xas long as short
BingX WET-USDT+0.0144%4h0.06935+0.072%$6.6Mas long as short
Bitget WETUSDT+0.0184%4h0.06942+0.173%$643K$259K25xas long as short
Gate WET_USDT+0.0191%8h0.06952+0.317%$1.0M$100K50xas long as short