Funding arb · Price arb /

WET

all WET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.046%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$287as in the Funding arb table

Net, price: spread back to 7d avg − costs−$281as in the Price arb table

costs, in and out, $10k−$2872.867% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.046%, 7d avg −0.012%

Together, before fees−0.095%−$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: OKX is 0.058% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WETUSDT	0.06515	0.0100	pay 0.0050% / 4h	3h 59m	$1.4M	$177K	50x
Short	OKX WET-USDT-SWAP	0.06518	0.0100	get 0.0050% / 4h	3h 59m	$666K	$145K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.012%: $5.78
Slippage, 4 orders: −$265.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$280.94
Costs to cover: 2.867%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; OKX: live order book, 12 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, 7 min ago	4.62 bp	94.1 bp −$94	2092.7 bp −$20.9K	doesn't fit	doesn't fit
Sell OKX live order book, 12 min ago	6.17 bp	38.4 bp −$38	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	+0.0041%	4h	0.06520	+0.077%	$69K	$6K	50x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06526	+0.169%	$1.1M	$840K	50x	as long as short
Bybit WETUSDTlong	+0.0100%	4h	0.06515	long leg	$1.4M	$177K	50x
OKX WET-USDT-SWAPshort	+0.0100%	4h	0.06518	+0.046%	$666K	$145K	20x
Gate WET_USDT	+0.0100%	8h	0.06526	+0.169%	$981K	$20K	50x	as long as short
MEXC WET_USDT	+0.0100%	4h	0.06528	+0.200%	$166K	$81K	50x	as long as short
KuCoin WETUSDTM	+0.0100%	4h	0.06519	+0.061%	$684K	$676K	50x	as long as short
Bitget WETUSDT	+0.0100%	4h	0.06519	+0.061%	$569K	$21K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06520	+0.077%	—	$6.5M	—	as long as short
Aster WETUSDT	+0.0684%	4h	0.06496	−0.292%	$13K	$29K	5x	as long as short