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% APRpaid last 24h +0.009%

Price spread now: Bitget against Gate−0.144%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$616as in the Funding arb table

Net, price: spread back to 7d avg − costs−$633as in the Price arb table

costs, in and out, $10k−$6256.245% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.144%, 7d avg −0.061%

Together, before fees+0.191%+$19 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 0.083% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WET_USDT	0.06924	0.0100	pay 0.0100% / 8h	1h 08m	$1.0M	$104K	50x
Short	Bitget WETUSDT	0.06914	0.0100	get 0.0050% / 4h	1h 08m	$641K	$263K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.061%: −$8.29
Slippage, 4 orders: −$597.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$632.8
Costs to cover: 6.245%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 32 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 Gate live order book, 4 min ago	4.34 bp	276.7 bp −$277	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 32 min ago	5.06 bp	36.3 bp −$36	214.3 bp −$2,143	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
Aster WETUSDT	+0.0100%	4h	0.06914	−0.141%	$15K	$32K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06907	−0.246%	$1.3M	$6.2M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06911	−0.188%	$1.5M	$1.9M	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.06902	−0.318%	$726K	$4.5M	20x	as long as short
Gate WET_USDTlong	+0.0100%	8h	0.06924	long leg	$1.0M	$104K	50x
MEXC WET_USDT	+0.0100%	4h	0.06913	−0.159%	$164K	$182K	50x	as long as short
KuCoin WETUSDTM	+0.0100%	4h	0.06922	−0.029%	$644K	$748K	50x	as long as short
Bitget WETUSDTshort	+0.0100%	4h	0.06914	−0.144%	$641K	$263K	25x
BingX WET-USDT	+0.0100%	4h	0.06909	−0.217%	—	$6.6M	—	as long as short
BloFin WET-USDT	+0.0119%	4h	0.06908	−0.231%	$78K	$11K	50x	as long as short