WMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0434%/8h= −47.6% APRnext payment −$4.34 per $10,000 · paid last 24h −0.070%

Price spread now: SunX against Binance−0.019%46s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1551.553% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 2 days (all we have)+0.025%+$2 · spread now −0.019%, 7d avg −0.001%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WMTUSDT	107.54	0.0534	pay 0.0534% / 8h	6h 20m	$1.6M	$1.0M	20x
Short	SunX WMT-USDT	107.52	0.0100	get 0.0100% / 8h	6h 20m	$2K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$91.23
Price spread: −0.019% → −0.001%: −$1.79
Slippage, 4 orders: −$137.26
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$248.28
Costs to cover: 1.553%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; SunX: live order book, 7 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, 13 min ago	1.86 bp	11.8 bp −$12	43.0 bp −$430	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	45.56 bp	64.6 bp −$65	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
Aster WMTUSDT	0.0000%	8h	107.44	−0.097%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.58	+0.037%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.59	+0.046%	$82K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.47	−0.065%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.50	−0.037%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.51	−0.028%	$600	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.08	+0.502%	$5K	$350K	20x	as long as short
QFEX WMT-USD	+0.0019%	1h	107.53	−0.009%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.670%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.45	−0.084%	$33K	$750K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WMT-USDTshort	+0.0100%	8h	107.52	−0.019%	$2K	$2.9M	10x
Variational Omni WMT	+0.0369%	8h	107.51	−0.031%	$61K	$77K	—	as long as short
Binance WMTUSDTlong	+0.0534%	8h	107.54	long leg	$1.6M	$1.0M	20x
Extended WMT-USD	+0.0536%	1h	107.51	−0.027%	$23K	$115K	10x	as long as short
edgeX WMTUSDC	+0.0616%	4h	107.50	−0.036%	$15K	$255K	10x	as long as short