Funding arb · Price arb /

WET

all WET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h 0.000%

Price spread now: OKX against Gate+0.117%7-day average −0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,014as in the Funding arb table

Net, price: spread back to 7d avg − costs−$979as in the Price arb table

costs, in and out, $10k−$1,01010.104% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 7 days−0.301%−$30 · spread now +0.117%, 7d avg −0.195%

Together, before fees−0.332%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.312% dearer against Gate than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of −0.195%): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 33 days. At the pace of the last 7 days (−0.032% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WET_USDT	0.06863	0.0132	pay 0.0132% / 8h	2h 22m	$1.0M	$100K	50x
Short	OKX WET-USDT-SWAP	0.06871	0.0100	get 0.0050% / 4h	2h 22m	$739K	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$6.72
Price spread: +0.117% → −0.195%: $31.21
Slippage, 4 orders: −$985.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$985.93
Costs to cover: 10.104%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago	6.59 bp	407.4 bp −$407	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.92 bp	36.3 bp −$36	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	+0.0058%	4h	0.06838	−0.364%	$81K	$11K	50x	as long as short
Aster WETUSDT	+0.0100%	4h	0.06851	−0.173%	$15K	$32K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06857	−0.086%	$1.3M	$6.0M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06855	−0.117%	$1.5M	$1.8M	50x	as long as short
OKX WET-USDT-SWAPshort	+0.0100%	4h	0.06871	+0.117%	$739K	$4.3M	20x
MEXC WET_USDT	+0.0100%	4h	0.06857	−0.087%	$162K	$177K	50x	as long as short
KuCoin WETUSDTM	+0.0100%	4h	0.06857	−0.087%	$643K	$746K	50x	as long as short
Bitget WETUSDT	+0.0100%	4h	0.06864	+0.015%	$636K	$259K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06847	−0.233%	—	$6.6M	—	as long as short
Gate WET_USDTlong	+0.0132%	8h	0.06863	long leg	$1.0M	$100K	50x