Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.010%

Price spread now: QFEX against Bitget0.000%46s7-day average +0.034% · you sell dearer than you buy

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

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

costs, in and out, $10k−$530.532% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now 0.000%, 7d avg +0.034%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.034% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 2.7 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.017% in total) that is about 6.8 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WMTUSDT	107.52	0	get 0.0000% / 8h	1h 33m	$539K	$120K	50x
Short	QFEX WMT-USD	107.52	0.0041	get 0.0005% / 1h	33m 49s	$1.1M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee BitgetbpFee QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $8.6
Price spread: 0.000% → +0.034%: −$3.37
Slippage, 4 orders: −$31.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$47.93
Costs to cover: 0.532%
Break-even: 46.0 days

Slippage from Bitget: live order book, 46 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 Bitget live order book, 46 min ago	1.86 bp	17.4 bp −$17	35.1 bp −$351	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.86 bp	7.3 bp −$7	16.7 bp −$167	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	107.37	−0.137%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.158%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	+0.056%	$82K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.52	0.000%	$814K	$21K	25x	as long as short
Bitget WMTUSDTlong	0.0000%	8h	107.52	long leg	$539K	$120K	50x
HTX WMT-USDT	0.0000%	8h	107.66	+0.130%	$5K	$348K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.651%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0041%	1h	107.52	0.000%	$1.1M	$2.5M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.53	+0.009%	$33K	$878K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.56	+0.037%	$2K	$3.0M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX WMTUSDC	+0.0147%	4h	107.55	+0.029%	$15K	$255K	10x	as long as short
Variational Omni WMT	+0.0253%	8h	107.55	+0.029%	$61K	$79K	—	as long as short
Extended WMT-USD	+0.0512%	1h	107.51	−0.009%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0513%	8h	107.54	+0.019%	$1.6M	$1.1M	20x	as long as short
GRVT WMT_USDT_Perp	+0.0752%	8h	107.57	+0.045%	$615	$129K	10x	as long as short