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% APRpaid last 24h +0.013%

Price spread now: Gate against Bybit+0.216%7-day average +0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,202as in the Price arb table

costs, in and out, $10k−$1,20512.050% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.216%, 7d avg +0.181%

Together, before fees+0.094%+$9 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: Gate is 0.035% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WETUSDT	0.06490	0.0100	pay 0.0050% / 4h	29m 46s	$1.4M	$177K	50x
Short	Gate WET_USDT	0.06504	0.0100	get 0.0100% / 8h	29m 46s	$978K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.216%Rate

Funding earned: $0
Price spread: +0.216% → +0.181%: $3.51
Slippage, 4 orders: −$1,179.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,201.5
Costs to cover: 12.050%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 47 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, 1 min ago	4.62 bp	158.4 bp −$158	1869.6 bp −$18.7K	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	5.38 bp	607.0 bp −$607	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
Binance WETUSDT	+0.0100%	4h	0.06499	+0.131%	$1.1M	$840K	50x	as long as short
Bybit WETUSDTlong	+0.0100%	4h	0.06490	long leg	$1.4M	$177K	50x
OKX WET-USDT-SWAP	+0.0100%	4h	0.06489	−0.015%	$660K	$140K	20x	as long as short
Gate WET_USDTshort	+0.0100%	8h	0.06504	+0.216%	$978K	$20K	50x
MEXC WET_USDT	+0.0100%	4h	0.06498	+0.123%	$166K	$83K	50x	as long as short
KuCoin WETUSDTM	+0.0100%	4h	0.06494	+0.062%	$679K	$680K	50x	as long as short
Bitget WETUSDT	+0.0100%	4h	0.06496	+0.092%	$567K	$21K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06493	+0.046%	—	$6.5M	—	as long as short
BloFin WET-USDT	+0.0144%	4h	0.06489	−0.015%	$69K	$6K	50x	as long as short
Aster WETUSDT	+0.0726%	4h	0.06492	+0.027%	$13K	$29K	5x	as long as short