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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: Bitget against OKX−0.374%7-day average +0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$2492.486% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.122%+$12 on $10k
Price spread, last 4 days (all we have)+0.623%+$62 · spread now −0.374%, 7d avg +0.127%
Together, before fees+0.744%+$74 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: Bitget is 0.501% cheaper against OKX than usual: you would sell low and buy high, −$50 on $10k if it goes back to its 7-day average of +0.127%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX WET-USDT-SWAP0.074940.0100pay 0.0050% / 4h1h 42m$904K$2.5M20x
ShortBitget WETUSDT0.074660.0100get 0.0050% / 4h1h 42m$615K$158K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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: −0.374% → +0.127%
−$50.05
Slippage, 4 orders
−$226.6
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$298.65
Costs to cover
2.486%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 18 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 OKX live order book, 5 min ago3.98 bp34.8 bp −$35245.2 bp −$2,452doesn't fitdoesn't fit
Sell Bitget live order book, 18 min ago6.83 bp116.7 bp −$117561.3 bp −$5,613doesn'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%4h0.07477−0.227%$1.7M$1.2M50xas long as short
OKX WET-USDT-SWAPlong+0.0100%4h0.07494long leg$904K$2.5M20x
Gate WET_USDT+0.0100%8h0.07467−0.360%$1.1M$72K50xas long as short
KuCoin WETUSDTM+0.0100%4h0.07466−0.374%$739K$725K50xas long as short
Bitget WETUSDTshort+0.0100%4h0.07466−0.374%$615K$158K25x
BloFin WET-USDT+0.0124%4h0.07442−0.694%$88K$10K50xas long as short
BingX WET-USDT+0.0362%4h0.07484−0.133%$6.6Mas long as short
Binance WETUSDT+0.0391%4h0.07463−0.408%$1.6M$4.1M50xas long as short
MEXC WET_USDT+0.0394%4h0.07470−0.320%$222K$142K50xas long as short
Aster WETUSDT+0.1210%4h0.07449−0.595%$14K$34K5xas long as short