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 +0.046%

Price spread now: Binance against KuCoin+0.384%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$530as in the Funding arb table

Net, price: spread back to 7d avg − costs−$538as in the Price arb table

costs, in and out, $10k−$5685.680% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$37 on $10k

Price spread, last 4 days (all we have)−0.456%−$46 · spread now +0.384%, 7d avg +0.081%

Together, before fees−0.081%−$8 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: Binance is 0.303% dearer against KuCoin than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WETUSDTM	0.06510	0.0100	pay 0.0050% / 4h	3h 56m	$683K	$676K	50x
Short	Binance WETUSDT	0.06535	0.0100	get 0.0050% / 4h	3h 56m	$1.1M	$840K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.384%Rate

Funding earned: $0
Price spread: +0.384% → +0.081%: $30.29
Slippage, 4 orders: −$545.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$537.67
Costs to cover: 5.680%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; Binance: live order book, 6 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 KuCoin live order book, 67 min ago	10.02 bp	270.7 bp −$271	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.30 bp	30.4 bp −$30	167.7 bp −$1,677	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	+0.0080%	4h	0.06526	+0.246%	$69K	$6K	50x	as long as short
Binance WETUSDTshort	+0.0100%	4h	0.06535	+0.384%	$1.1M	$840K	50x
Bybit WETUSDT	+0.0100%	4h	0.06523	+0.200%	$1.4M	$177K	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.06522	+0.184%	$667K	$145K	20x	as long as short
MEXC WET_USDT	+0.0100%	4h	0.06534	+0.369%	$166K	$81K	50x	as long as short
KuCoin WETUSDTMlong	+0.0100%	4h	0.06510	long leg	$683K	$676K	50x
Bitget WETUSDT	+0.0100%	4h	0.06522	+0.184%	$569K	$21K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06528	+0.276%	—	$6.5M	—	as long as short
Aster WETUSDT	+0.0741%	4h	0.06496	−0.215%	$13K	$29K	5x	as long as short
Gate WET_USDT	+0.1350%	8h	0.06525	+0.230%	$981K	$20K	50x	as long as short