Funding arb · Price arb /

WMT

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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 +0.142%

Price spread now: GRVT against Bybit−0.093%70s7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$920.925% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.093%, 7d avg −0.062%

Together, before fees+0.455%+ Points / potential airdropGRVT: Active · farm board+$45 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: GRVT is 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.062%. The two prices were read 70 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	Bybit WMTUSDT	107.50	0	get 0.0000% / 8h	4h 44m	$118K	$12K	50x
Short	GRVT WMT_USDT_Perp	107.40	0	get 0.0000% / 8h	4h 44m	$180	$127K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.062%: −$3.13
Slippage, 4 orders: −$72.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$95.61
Costs to cover: 0.925%
Break-even: never at this rate

Slippage from Bybit: live order book, 60 min ago; GRVT: live order book, 8 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 Bybit live order book, 60 min ago	4.18 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 8 min ago	3.26 bp	20.7 bp −$21	53.7 bp −$537	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	−0.0984%	4h	107.39	−0.098%	$15K	$256K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.32	−0.165%	$4K	$71	20x	as long as short
Bybit WMTUSDTlong	0.0000%	8h	107.50	long leg	$118K	$12K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	+0.047%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.36	−0.130%	$813K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.39	−0.102%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perpshort	0.0000%	8h	107.40	−0.093%	$180	$127K	10x
HTX WMT-USDT	0.0000%	8h	108.08	+0.540%	$5K	$352K	20x	as long as short
QFEX WMT-USD	+0.0010%	1h	107.40	−0.093%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.633%	$3K	$26K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni WMT	+0.0065%	8h	107.41	−0.087%	$60K	$76K	—	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.37	−0.121%	$34K	$682K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.41	−0.084%	$1K	$2.9M	10x	as long as short
Binance WMTUSDT	+0.0193%	8h	107.42	−0.073%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0200%	1h	107.40	−0.093%	$23K	$115K	10x	as long as short