Funding arb · Price arb / RWA

BWET

RWAAll BWET markets →

LONGQFEX▾QFEX 0.0000%Gate 0.0000%SunX 0.0000%HTX 0.0000%Bitget +0.1542%Binance +0.1650%MEXC +0.1654%

⇄⇅

SHORTBingX▾MEXC +0.1654%Binance +0.1650%Bitget +0.1542%BingX +0.0862%Gate 0.0000%SunX 0.0000%HTX 0.0000%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXBWET-USD	745.41	0	0.0000% / 1h	9m 31s	$1.1M	$130K	10x	Long QFEX
SHORT	BingXNCSKBWET2USD-USDT	754.79	+0.0862	get 0.0862% / 8h	4h 09m	$996K	$1.3M	—	Short BingX

Price gap+1.258%

Funding gap+0.0862% /8h

Both sides work: funding pays +$26 a day on $10k, and the gap is 1.502% above its 7d average: +$150 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 1 day it paid +0.064% in total, about +0.0184%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now+1.258%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

QFEXBingX

BWET on 8 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Thin at this size731.7 / 88.8 bp

  At $10k entering QFEX costs 731.7 bp, fee and slippage, 8.2× BingX’s.
• i
  Note: Margin at max leverage$1,000 + —

  QFEX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long QFEX · 1h$0.00

  Short BingX · 8h+$25.86

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$25.86Long QFEX: 24 payments, $0.00; short BingX: 3 payments, +$25.86.
• ✓
  OK: Entry gap works for you+1.258% vs −0.244%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$996K vs $1.1M OI

  BingX sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCQFEX No · BingX Yes

  Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0184%/8h × 21 periods+$38.72

Price spread+1.258% → −0.244% (7d avg)+$150.25

Slippage, 4 orderslive order books−$1,613.12

Fee QFEX bp × 2 orders−$20.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$1,454.16

Costs to cover16.431%Break-even269.9 days

Slippage: QFEX: live order book, 5 min ago; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGQFEX252.14731.7 bp−$732doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBingX5.1088.8 bp−$89339.2 bp−$3,392662.7 bp−$66.3K1110.2 bp−$555.1K

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

BWET news

posts that mention BWET, from every exchangeSearch all news →

09-30 11:37	Bitget	Listing	new market BWETUSDT ($BWET) seen by our collector
09-30 10:07	SunX	Listing	new market BWET-USDT ($BWET) seen by our collector
09-30 07:17	HTX	Listing	new market BWET-USDT ($BWET) seen by our collector
09-29 14:11	MEXC	Listing	new market BWET_USDT ($BWET) seen by our collector
09-29 12:00	Gate	Listing	new market BWET_USDT ($BWET) seen by our collector
09-29 10:05	Binance	Listing	new market BWETUSDT ($BWET) seen by our collector