Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h −0.090%

Price spread now: QFEX against Binance−0.009%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.109%−$11 on $10k

Price spread, last 7 days−0.037%−$4 · spread now −0.009%, 7d avg −0.044%

Together, before fees−0.145%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.034% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.044%. Mind the row above: over the last 4 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WMTUSDT	108.09	0	get 0.0000% / 8h	2h 13m	$1.6M	$1.1M	20x
Short	QFEX WMT-USD	108.08	0.0045	get 0.0006% / 1h	13m 44s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $9.44
Price spread: −0.009% → −0.044%: $3.42
Slippage, 4 orders: −$27.26
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$34.39
Costs to cover: 0.473%
Break-even: 32.5 days

Slippage from Binance: live order book, 5 min ago; QFEX: live order book, 4 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, 5 min ago	0.93 bp	14.5 bp −$15	61.5 bp −$615	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.39 bp	9.4 bp −$9	19.3 bp −$193	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
Aster WMTUSDT	0.0000%	8h	107.98	−0.097%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.06	−0.025%	$23K	$115K	10x	as long as short
Binance WMTUSDTlong	0.0000%	8h	108.09	long leg	$1.6M	$1.1M	20x
Bybit WMTUSDT	0.0000%	8h	108.05	−0.037%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.20	+0.102%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.04	−0.046%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.06	−0.028%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.10	+0.011%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.08	−0.006%	$577	$135K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.46	+0.342%	$5K	$348K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.175%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0045%	1h	108.08	−0.009%	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	108.04	−0.046%	$34K	$562K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.09	0.000%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0950%	4h	108.11	+0.018%	$15K	$256K	10x	as long as short