Funding arb · Price arb /

WET

all WET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against MEXC−0.143%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1531.526% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.143%, 7d avg −0.073%

Together, before fees+0.128%+$13 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 0.070% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WET_USDT	0.06993	0.0100	pay 0.0050% / 4h	2h 55m	$169K	$174K	50x
Short	BingX WET-USDT	0.06983	0.0100	get 0.0050% / 4h	2h 55m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.073%: −$7
Slippage, 4 orders: −$138.59
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$159.59
Costs to cover: 1.526%
Break-even: never at this rate

Slippage from MEXC: live order book, 30 min ago; BingX: live order book, 11 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 MEXC live order book, 30 min ago	0.72 bp	27.7 bp −$28	96.3 bp −$963	532.8 bp −$53.3K	doesn't fit
Sell BingX live order book, 11 min ago	5.03 bp	35.7 bp −$36	96.7 bp −$967	821.6 bp −$82.2K	1213.0 bp −$606.5K

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	+0.0068%	4h	0.06983	−0.143%	$68K	$11K	50x	as long as short
Aster WETUSDT	+0.0100%	4h	0.06975	−0.261%	$16K	$31K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06994	+0.016%	$1.4M	$5.8M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06982	−0.157%	$1.5M	$1.7M	50x	as long as short
OKX WET-USDT-SWAP	+0.0100%	4h	0.06998	+0.072%	$760K	$4.2M	20x	as long as short
MEXC WET_USDTlong	+0.0100%	4h	0.06993	long leg	$169K	$174K	50x
KuCoin WETUSDTM	+0.0100%	4h	0.06993	0.000%	$669K	$739K	50x	as long as short
Bitget WETUSDT	+0.0100%	4h	0.06990	−0.043%	$643K	$244K	25x	as long as short
BingX WET-USDTshort	+0.0100%	4h	0.06983	−0.143%	—	$6.6M	—
Gate WET_USDT	+0.0106%	8h	0.06999	+0.086%	$1.0M	$93K	50x	as long as short