Settings8H · net · $10k
Funding arb · Price arb /

WET

all WET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.048%
Price spread now: BingX against KuCoin−0.084%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$575as in the Funding arb table
Net, price: spread back to 7d avg − costs−$629as in the Price arb table
costs, in and out, $10k−$6206.202% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.449%+$45 on $10k
Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.084%, 7d avg +0.006%
Together, before fees+0.435%+$43 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: BingX is 0.090% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WETUSDTM0.071040.0100pay 0.0050% / 4h1h 29m$651K$616K50x
ShortBingX WET-USDT0.070980.0100get 0.0050% / 4h1h 29m$6.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.084% → +0.006%
−$9.03
Slippage, 4 orders
−$598.22
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$629.25
Costs to cover
6.202%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago13.35 bp293.2 bp −$293doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 15 min ago7.01 bp30.1 bp −$30106.1 bp −$1,061834.8 bp −$83.5K1253.8 bp −$626.9K

WET on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WET-USDT+0.0042%4h0.07106+0.028%$78K$13K50xas long as short
Aster WETUSDT+0.0100%4h0.07085−0.263%$14K$33K5xas long as short
Binance WETUSDT+0.0100%4h0.07097−0.099%$1.3M$6.9M50xas long as short
Bybit WETUSDT+0.0100%4h0.07095−0.127%$1.5M$2.2M50xas long as short
OKX WET-USDT-SWAP+0.0100%4h0.07091−0.183%$707K$5.1M20xas long as short
Gate WET_USDT+0.0100%8h0.07108+0.056%$1.1M$112K50xas long as short
MEXC WET_USDT+0.0100%4h0.07107+0.042%$169K$189K50xas long as short
KuCoin WETUSDTMlong+0.0100%4h0.07104long leg$651K$616K50x
Bitget WETUSDT+0.0100%4h0.07106+0.028%$656K$308K25xas long as short
BingX WET-USDTshort+0.0100%4h0.07098−0.084%$6.7M