Funding arb · Price arb /

WET

all WET markets

Swap Backtest

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 +0.046%

Price spread now: MEXC against KuCoin0.000%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$576as in the Funding arb table

Net, price: spread back to 7d avg − costs−$621as in the Price arb table

costs, in and out, $10k−$6136.132% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now 0.000%, 7d avg +0.074%

Together, before fees+0.409%+$41 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: MEXC is 0.074% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WETUSDTM	0.06957	0.0100	pay 0.0050% / 4h	3h 43m	$640K	$741K	50x
Short	MEXC WET_USDT	0.06957	0.0100	get 0.0050% / 4h	3h 43m	$160K	$181K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.074%: −$7.39
Slippage, 4 orders: −$597.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$620.59
Costs to cover: 6.132%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; MEXC: live order book, 26 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, 10 min ago	10.10 bp	254.0 bp −$254	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 26 min ago	0.72 bp	32.4 bp −$32	103.5 bp −$1,035	410.3 bp −$41.0K	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	+0.0086%	4h	0.06948	−0.129%	$77K	$11K	50x	as long as short
Aster WETUSDT	+0.0100%	4h	0.06960	+0.038%	$15K	$32K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06959	+0.028%	$1.3M	$6.3M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06956	−0.014%	$1.5M	$1.9M	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.06954	−0.043%	$723K	$4.6M	20x	as long as short
MEXC WET_USDTshort	+0.0100%	4h	0.06957	0.000%	$160K	$181K	50x
KuCoin WETUSDTMlong	+0.0100%	4h	0.06957	long leg	$640K	$741K	50x
Bitget WETUSDT	+0.0100%	4h	0.06956	−0.014%	$646K	$269K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06956	−0.014%	—	$6.7M	—	as long as short
Gate WET_USDT	+0.0248%	8h	0.06967	+0.144%	$1.0M	$104K	50x	as long as short