Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0755%/8h= −82.7% APRpaid last 24h −0.128%

Price spread now: Gate against edgeX−0.041%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2472.469% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.041%, 7d avg −0.030%

Together, before fees−0.022%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment. 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	edgeX WMTUSDC	107.46	0.0755	pay 0.0377% / 4h	3h 57m	$15K	$254K	10x
Short	Gate WMT_USDT	107.42	0	get 0.0000% / 8h	3h 57m	$814K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: −$158.51
Price spread: −0.041% → −0.030%: −$1.14
Slippage, 4 orders: −$222.91
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$406.56
Costs to cover: 2.469%
Break-even: never at this rate

Slippage from edgeX: live order book, 60 min ago; Gate: live order book, 59 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 edgeX live order book, 60 min ago	6.52 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	4.19 bp	116.2 bp −$116	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	107.36	−0.100%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.56	+0.089%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	+0.079%	$81K	$33K	20x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.42	−0.041%	$814K	$26K	25x
Bitget WMTUSDT	0.0000%	8h	107.43	−0.032%	$540K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.47	+0.006%	$60K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.45	−0.016%	$394	$127K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.10	+0.591%	$5K	$352K	20x	as long as short
QFEX WMT-USD	+0.0008%	1h	107.43	−0.032%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.600%	$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
Binance WMTUSDT	+0.0062%	8h	107.46	−0.005%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0064%	1h	107.43	−0.034%	$23K	$115K	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.35	−0.107%	$33K	$637K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.47	+0.005%	$2K	$2.9M	10x	as long as short
edgeX WMTUSDClong	+0.0755%	4h	107.46	long leg	$15K	$254K	10x