WET arbitrage explained
Right now HumidiFi (WET) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0618 and the highest bid on Gate perp at $0.0619.
The widest WET perpetual spread is between OKX and Gate: long WET on OKX at $0.0618 and short on Gate at $0.0619 for +0.28% gross, or +0.12% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best WET route is to buy spot on OKX and short the perpetual on Gate: +0.24% gross, +0.04% net, with +0.030% a day of funding on the short leg.
Spot–spot WET arbitrage (buy on OKX, withdraw, deposit and sell on Gate) shows -0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small WET gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: WET funding rates · WET spread charts · HumidiFi price · arbitrage scanner for all coins.