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: OKX against MEXC−0.072%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 4 days (all we have)−0.310%−$31 · spread now −0.072%, 7d avg −0.139%

Together, before fees−0.703%−$70 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: OKX is 0.067% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WET_USDT	0.06951	0.0100	pay 0.0050% / 4h	3h 47m	$160K	$181K	50x
Short	OKX WET-USDT-SWAP	0.06946	0.0100	get 0.0050% / 4h	3h 47m	$718K	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0
Price spread: −0.072% → −0.139%: $6.67
Slippage, 4 orders: −$122.13
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$129.46
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from MEXC: live order book, 23 min ago; OKX: live order book, 5 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, 23 min ago	0.72 bp	39.4 bp −$39	103.1 bp −$1,031	394.5 bp −$39.5K	doesn't fit
Sell OKX live order book, 5 min ago	2.16 bp	32.4 bp −$32	doesn't fit	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
Aster WETUSDT	+0.0100%	4h	0.06940	−0.156%	$15K	$32K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06946	−0.072%	$1.3M	$6.3M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06944	−0.101%	$1.5M	$1.9M	50x	as long as short
OKX WET-USDT-SWAPshort	+0.0100%	4h	0.06946	−0.072%	$718K	$4.6M	20x
MEXC WET_USDTlong	+0.0100%	4h	0.06951	long leg	$160K	$181K	50x
KuCoin WETUSDTM	+0.0100%	4h	0.06961	+0.144%	$639K	$742K	50x	as long as short
Bitget WETUSDT	+0.0100%	4h	0.06952	+0.014%	$645K	$269K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06949	−0.029%	—	$6.6M	—	as long as short
BloFin WET-USDT	+0.0158%	4h	0.06936	−0.216%	$78K	$11K	50x	as long as short
Gate WET_USDT	+0.0268%	8h	0.06967	+0.230%	$1.0M	$104K	50x	as long as short