Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.100%

Price spread now: Gate against Binance−0.102%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1521.522% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.102%, 7d avg −0.034%

Together, before fees−0.002%$0 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: Gate is 0.068% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WMTUSDT	107.94	0	get 0.0000% / 8h	3h 08m	$1.6M	$1.1M	20x
Short	Gate WMT_USDT	107.83	0	get 0.0000% / 8h	3h 08m	$816K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.034%: −$6.76
Slippage, 4 orders: −$127.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$158.99
Costs to cover: 1.522%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Gate: live order book, 44 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 Binance live order book, 10 min ago	0.46 bp	15.3 bp −$15	47.8 bp −$478	doesn't fit	doesn't fit
Sell Gate live order book, 44 min ago	4.19 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit

WMT on 15 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
edgeX WMTUSDC	−0.0170%	4h	107.89	−0.051%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.85	−0.083%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.91	−0.026%	$23K	$115K	10x	as long as short
Binance WMTUSDTlong	0.0000%	8h	107.94	long leg	$1.6M	$1.1M	20x
Bybit WMTUSDT	0.0000%	8h	107.84	−0.093%	$119K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.87	−0.065%	$81K	$33K	20x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.83	−0.102%	$816K	$27K	25x
Bitget WMTUSDT	0.0000%	8h	107.91	−0.028%	$542K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.91	−0.032%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.89	−0.046%	$765	$132K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX WMT-USDT	0.0000%	8h	108.35	+0.380%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0008%	1h	107.84	−0.093%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.038%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.86	−0.074%	$34K	$595K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.94	0.000%	$2K	$2.9M	10x	as long as short