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 OKX−0.043%7-day average +0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

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

Long on OKX Short on MEXC

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)+0.425%+$43 · spread now −0.043%, 7d avg +0.139%

Together, before fees+0.818%+$82 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 0.182% cheaper against OKX than usual: you would sell low and buy high, −$18 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	OKX WET-USDT-SWAP	0.06953	0.0100	pay 0.0050% / 4h	3h 48m	$719K	$4.6M	20x
Short	MEXC WET_USDT	0.06950	0.0100	get 0.0050% / 4h	3h 48m	$160K	$181K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.139%: −$18.18
Slippage, 4 orders: −$122.13
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$154.31
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 22 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, 4 min ago	2.16 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 22 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
Aster WETUSDT	+0.0100%	4h	0.06937	−0.228%	$15K	$32K	5x	as long as short
Binance WETUSDT	+0.0100%	4h	0.06954	+0.020%	$1.3M	$6.3M	50x	as long as short
Bybit WETUSDT	+0.0100%	4h	0.06945	−0.115%	$1.5M	$1.9M	50x	as long as short
OKX WET-USDT-SWAPlong	+0.0100%	4h	0.06953	long leg	$719K	$4.6M	20x
MEXC WET_USDTshort	+0.0100%	4h	0.06950	−0.043%	$160K	$181K	50x
KuCoin WETUSDTM	+0.0100%	4h	0.06951	−0.029%	$638K	$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	−0.058%	—	$6.6M	—	as long as short
BloFin WET-USDT	+0.0158%	4h	0.06936	−0.244%	$78K	$11K	50x	as long as short
Gate WET_USDT	+0.0333%	8h	0.06967	+0.201%	$1.0M	$104K	50x	as long as short