Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.010%

Price spread now: QFEX against Bybit−0.046%7-day average −0.073% · 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−$122as in the Price arb table

costs, in and out, $10k−$1251.247% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.046%, 7d avg −0.073%

Together, before fees+0.159%+$16 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 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WMTUSDT	108.14	0	get 0.0000% / 8h	7h 01m	$120K	$15K	50x
Short	QFEX WMT-USD	108.09	0.0039	get 0.0005% / 1h	1m 18s	$1.1M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $8.22
Price spread: −0.046% → −0.073%: $2.66
Slippage, 4 orders: −$103.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$113.81
Costs to cover: 1.247%
Break-even: 104.0 days

Slippage from Bybit: live order book, 13 min ago; QFEX: live order book, 6 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, 13 min ago	11.10 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	27.30 bp	32.3 bp −$32	33.9 bp −$339	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	−0.0314%	4h	108.09	−0.042%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.96	−0.163%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.09	−0.049%	$23K	$89K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.12	−0.020%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDTlong	0.0000%	8h	108.14	long leg	$120K	$15K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	108.05	−0.083%	$81K	$31K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.02	−0.111%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.05	−0.083%	$546K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.10	−0.040%	$60K	$63K	—	as long as short
HTX WMT-USDT	0.0000%	8h	108.54	+0.370%	$5K	$343K	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	−1.221%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0039%	1h	108.09	−0.046%	$1.1M	$2.5M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.97	−0.157%	$34K	$570K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.11	−0.028%	$1K	$2.7M	10x	as long as short
GRVT WMT_USDT_Perp	+0.0515%	8h	108.08	−0.051%	$610	$134K	10x	as long as short