Settings8H · net · $10k
Funding arb · Price arb /

WMT

RWAall WMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0717%/8h= +78.5% APRpaid last 24h +0.099%
Price spread now: KuCoin against edgeX−0.006%83s7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,588as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1,62916.291% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.409%+$41 on $10k
Price spread, last 3 days (all we have)−0.103%−$10 · spread now −0.006%, 7d avg −0.108%
Together, before fees+0.307%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and KuCoin is 0.101% dearer against edgeX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.108%. The two prices were read 83 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 0.409% in total (about 21.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX WMTUSDC107.48−0.0617get 0.0309% / 4h3h 26m$15K$254K10x
ShortKuCoin WMTUSDTM107.470.0100get 0.0100% / 8h7h 26m$33K$791K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$150.64
Price spread: −0.006% → −0.108%
$10.12
Slippage, 4 orders
−$1,608.09
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,468.32
Costs to cover
16.291%
Break-even
75.2 days
Slippage from edgeX: live order book, 46 min ago; KuCoin: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 46 min ago6.05 bp13.0 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 28 min ago20.01 bp855.3 bp −$855doesn't fitdoesn't fitdoesn't fit

WMT on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX WMTUSDClong−0.0617%4h107.48long leg$15K$254K10x
Aster WMTUSDT0.0000%8h107.38−0.091%$4K$7120xas long as short
Bybit WMTUSDT0.0000%8h107.56+0.077%$118K$12K50xas long as short
Gate WMT_USDT0.0000%8h107.44−0.034%$814K$20K25xas long as short
Bitget WMTUSDT0.0000%8h107.49+0.012%$540K$93K50xas long as short
GRVT WMT_USDT_Perp0.0000%8h107.47−0.005%$613$126K10xas long as short
HTX WMT-USDT0.0000%8h107.54+0.059%$5K$348K20xas long as short
QFEX WMT-USD+0.0030%1h107.45−0.025%$1.1M$2.8M10xas long as short
Injective WMT/USDC PERP+0.0033%1h106.82−0.611%$3K$26K12xas long as short
OKX WMT-USDT-SWAP+0.0085%8h107.63+0.142%$82K$33K20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin WMTUSDTMshort+0.0100%8h107.47−0.006%$33K$791K20x
SunX WMT-USDT+0.0100%8h107.48+0.003%$2K$2.9M10xas long as short
Variational Omni WMT+0.0580%8h107.48+0.001%$61K$76Kas long as short
Binance WMTUSDT+0.0783%8h107.49+0.012%$1.6M$1.0M20xas long as short
Extended WMT-USD+0.0784%1h107.47−0.010%$23K$115K10xas long as short