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

WET

all WET markets
SwapBacktest
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: Gate against KuCoin+0.355%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,627as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,606as in the Price arb table
costs, in and out, $10k−$1,62916.288% of the position
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)−0.231%−$23 · spread now +0.355%, 7d avg +0.129%
Together, before fees−0.216%−$22 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: Gate is 0.226% dearer against KuCoin than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.129%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WETUSDTM0.070380.0100pay 0.0050% / 4h25m 50s$684K$737K50x
ShortGate WET_USDT0.070630.0100get 0.0100% / 8h4h 25m$1.1M$82K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.355% → +0.129%
$22.61
Slippage, 4 orders
−$1,601.85
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,606.24
Costs to cover
16.288%
Break-even
never at this rate
Slippage from KuCoin: live order book, 58 min ago; Gate: live order book, 1 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, 58 min ago11.52 bp272.0 bp −$272doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago8.45 bp492.5 bp −$493doesn't fitdoesn't fitdoesn't fit

WET on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit WETUSDT+0.0100%4h0.07026−0.171%$1.6M$1.6M50xas long as short
OKX WET-USDT-SWAP+0.0100%4h0.07029−0.128%$801K$3.7M20xas long as short
Gate WET_USDTshort+0.0100%8h0.07063+0.355%$1.1M$82K50x
KuCoin WETUSDTMlong+0.0100%4h0.07038long leg$684K$737K50x
Bitget WETUSDT+0.0100%4h0.07013−0.355%$636K$219K25xas long as short
MEXC WET_USDT+0.0106%4h0.07037−0.014%$167K$169K50xas long as short
Binance WETUSDT+0.0108%4h0.07043+0.069%$1.4M$5.3M50xas long as short
BingX WET-USDT+0.0108%4h0.07028−0.142%$6.6Mas long as short
BloFin WET-USDT+0.0121%4h0.07106+0.966%$88K$11K50xas long as short
Aster WETUSDT+0.0554%4h0.07079+0.583%$16K$36K5xas long as short