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 0.000%

Price spread now: KuCoin against OKX+0.354%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$623as in the Funding arb table

Net, price: spread back to 7d avg − costs−$596as in the Price arb table

costs, in and out, $10k−$6256.250% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.354%, 7d avg +0.061%

Together, before fees−0.110%−$11 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: KuCoin is 0.293% dearer against OKX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WET-USDT-SWAP	0.06783	0.0100	pay 0.0050% / 4h	2h 31m	$727K	$4.2M	20x
Short	KuCoin WETUSDTM	0.06807	0.0100	get 0.0050% / 4h	2h 31m	$650K	$743K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee OKXbpFee KuCoinbpOrdersPrice spread, now +0.354%Rate

Funding earned: $0
Price spread: +0.354% → +0.061%: $29.27
Slippage, 4 orders: −$602.96
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$595.69
Costs to cover: 6.250%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 43 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 OKX live order book, 1 min ago	6.60 bp	35.0 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 43 min ago	9.27 bp	301.2 bp −$301	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	0.06831	+0.708%	$15K	$32K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06804	+0.314%	$1.3M	$5.9M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06786	+0.044%	$1.5M	$1.8M	50x	as long as short
OKX WET-USDT-SWAPlong	+0.0100%	4h	0.06783	long leg	$727K	$4.2M	20x
MEXC WET_USDT	+0.0100%	4h	0.06790	+0.103%	$161K	$176K	50x	as long as short
KuCoin WETUSDTMshort	+0.0100%	4h	0.06807	+0.354%	$650K	$743K	50x
Bitget WETUSDT	+0.0100%	4h	0.06796	+0.192%	$628K	$256K	25x	as long as short
BingX WET-USDT	+0.0100%	4h	0.06788	+0.074%	—	$6.6M	—	as long as short
Gate WET_USDT	+0.0124%	8h	0.06810	+0.398%	$1.0M	$99K	50x	as long as short
BloFin WET-USDT	+0.0154%	4h	0.06850	+0.988%	$83K	$11K	50x	as long as short