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 +0.046%

Price spread now: MEXC against Bybit+0.087%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1851.848% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.389%+$39 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now +0.087%, 7d avg +0.132%

Together, before fees+0.464%+$46 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: MEXC is 0.045% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WETUSDT	0.06909	0.0100	pay 0.0050% / 4h	1h 33m	$1.5M	$1.9M	50x
Short	MEXC WET_USDT	0.06915	0.0100	get 0.0050% / 4h	1h 33m	$165K	$180K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.132%: −$4.54
Slippage, 4 orders: −$169.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$189.34
Costs to cover: 1.848%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 46 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, 3 min ago	6.52 bp	64.5 bp −$64	1971.6 bp −$19.7K	doesn't fit	doesn't fit
Sell MEXC live order book, 46 min ago	0.72 bp	40.5 bp −$41	103.0 bp −$1,030	328.6 bp −$32.9K	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
Aster WETUSDT	+0.0100%	4h	0.06911	+0.033%	$15K	$32K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06915	+0.084%	$1.3M	$6.2M	50x	as long as short
Bybit WETUSDTlong	+0.0100%	4h	0.06909	long leg	$1.5M	$1.9M	50x
OKX WET-USDT-SWAP	+0.0100%	4h	0.06917	+0.116%	$729K	$4.5M	20x	as long as short
Gate WET_USDT	+0.0100%	8h	0.06922	+0.188%	$1.0M	$103K	50x	as long as short
MEXC WET_USDTshort	+0.0100%	4h	0.06915	+0.087%	$165K	$180K	50x
KuCoin WETUSDTM	+0.0100%	4h	0.06914	+0.072%	$643K	$748K	50x	as long as short
Bitget WETUSDT	+0.0100%	4h	0.06920	+0.159%	$643K	$262K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06912	+0.043%	—	$6.7M	—	as long as short
BloFin WET-USDT	+0.0157%	4h	0.06904	−0.072%	$79K	$11K	50x	as long as short