Funding arb · Price arb /

WET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Gate−0.071%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,630as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,623as in the Price arb table

costs, in and out, $10k−$1,62916.288% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.071%, 7d avg −0.129%

Together, before fees−0.068%−$7 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: KuCoin is 0.058% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WET_USDT	0.07044	0.0100	pay 0.0100% / 8h	4h 25m	$1.1M	$82K	50x
Short	KuCoin WETUSDTM	0.07039	0.0100	get 0.0050% / 4h	25m 25s	$684K	$737K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → −0.129%: $5.81
Slippage, 4 orders: −$1,601.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,623.03
Costs to cover: 16.288%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 59 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, 2 min ago	8.45 bp	343.3 bp −$343	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 59 min ago	11.52 bp	521.0 bp −$521	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	0.07028	−0.233%	$1.4M	$5.3M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.07020	−0.341%	$1.6M	$1.6M	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.07038	−0.085%	$798K	$3.8M	20x	as long as short
Gate WET_USDTlong	+0.0100%	8h	0.07044	long leg	$1.1M	$82K	50x
KuCoin WETUSDTMshort	+0.0100%	4h	0.07039	−0.071%	$684K	$737K	50x
Bitget WETUSDT	+0.0100%	4h	0.07027	−0.241%	$637K	$219K	25x	as long as short
MEXC WET_USDT	+0.0106%	4h	0.07035	−0.128%	$166K	$169K	50x	as long as short
BingX WET-USDT	+0.0108%	4h	0.07025	−0.270%	—	$6.6M	—	as long as short
BloFin WET-USDT	+0.0121%	4h	0.07106	+0.880%	$88K	$11K	50x	as long as short
Aster WETUSDT	+0.0554%	4h	0.07037	−0.102%	$16K	$36K	5x	as long as short