Settings8H · net · $10k
My profile
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG7.856000.0000% / 8h7h 10m$116K$207K20xLong Bitget
SHORT7.8760+0.0322get 0.0322% / 8h7h 10m$202K$458K25xShort Bybit
Price gap+0.255%
Funding gap+0.0322% /8h

Both sides work: funding pays +$10 a day on $10k, and the gap is 0.185% above its 7d average: +$19 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$8+0.0322% /8h now · paid +0.080% over the last 7D
Price+$19spread +0.255% now, avg +0.069% → +0.185% if it goes back
Costs−$4394.395% of $10k · taker + slippage, in and out
Result−$413−4.13%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.080% in total, about +0.0038%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.255%
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

WEN on 12 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size52.2 / 125.6 bp
    At $10k entering Bybit costs 125.6 bp, fee and slippage, 2.4× Bitget’s.
  • Note: Margin at max leverage$500 + $400
    Bitget 20x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$9.67Long Bitget: 3 payments, $0.00; short Bybit: 3 payments, +$9.67.
  • OK: Entry gap works for you+0.255% vs +0.069%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$116K vs $202K OI
    Bitget sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBitget Yes · Bybit Yes
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0038%/8h × 21 periods+$7.98
Price spread+0.255% → +0.069% (7d avg)+$18.55
Slippage, 4 orderslive order books−$416.46
Fee Bitget bp × 2 orders−$12.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$412.94
Costs to cover4.395%Break-even369.4 days
Slippage: Bitget: live order book, 70 min ago; Bybit: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget19.8352.2 bp−$5278.8 bp−$788doesn’t fitdoesn’t fit
SELL · SHORTBybit1.27125.6 bp−$126doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

WEN news

posts that mention WEN, from every exchange
10-30 09:00KuCoinListingnew market WENUSDTM ($WEN) seen by our collector
10-29 02:56Ondo PerpsListingNew equity perps now live: ▸ $RDDT - Reddit ▸ $ASML - ASML Holding ▸ $NKE - Nike Inc ▸ $WEN - Wendy’s Trade now → @OndoPerps on X ↗
10-27 00:18Ondo PerpsListingnew market WEN-USD.P ($WEN) seen by our collector