Settings8H · net · $10k
Funding arb · Price arb /

WEN

RWAall WEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against Bitget+0.619%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.619% dearer against Bitget than usual: you sell high and buy low: +$62 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget WENUSDT6.69200get 0.0000% / 8h37m 52s$110K$38K20x
ShortLighter WEN6.73340.0032get 0.0004% / 1h37m 52s$11K$98010x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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
$6.72
Price spread: +0.619% → 0.000%
$61.86
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$56.58
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Bitget: live order book, 48 min ago; Lighter: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 48 min ago8.96 bp91.6 bp −$92110.8 bp −$1,108doesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WEN on 6 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
Binance WENUSDT0.0000%8h6.6910−0.015%$579K$517K20xas long as short
OKX WEN-USDT-SWAP0.0000%8h6.6980+0.090%$204K$112K10xas long as short
Gate WEN_USDT0.0000%8h6.7000+0.120%$271K$3K20xas long as short
Bitget WENUSDTlong0.0000%8h6.6920long leg$110K$38K20x
Variational Omni WEN0.0000%8h6.6917−0.005%$24K$46Kas long as short
Lighter WENshort+0.0032%1h6.7334+0.619%$11K$98010x