Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0821%/8h= +89.9% APRpaid last 24h +0.098%

Price spread now: OKX against edgeX+0.036%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and OKX is 0.036% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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 0.229% in total (about 11.9% 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	107.59	−0.0821	get 0.0410% / 4h	1h 58m	$15K	$256K	10x
Short	OKX WMT-USDT-SWAP	107.63	0	get 0.0000% / 8h	5h 58m	$82K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $172.36
Price spread: +0.036% → 0.000%: $3.59
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $156.95
Costs to cover: 0.190%
Break-even: 0.6 days

Slippage unknown: edgeX: live order book, 4 min ago; OKX: no order-book sample. Net counts fees only.

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, 4 min ago	6.97 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX no order-book sample	—	—	—	—	—

OKX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 WMTUSDClong	−0.0821%	4h	107.59	long leg	$15K	$256K	10x
Aster WMTUSDT	0.0000%	8h	107.45	−0.130%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.092%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAPshort	0.0000%	8h	107.63	+0.036%	$82K	$33K	20x
Gate WMT_USDT	0.0000%	8h	107.57	−0.020%	$815K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.57	−0.020%	$541K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.60	+0.008%	$750	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.05	+0.426%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0019%	1h	107.55	−0.038%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.717%	$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
KuCoin WMTUSDTM	+0.0100%	8h	107.51	−0.076%	$33K	$737K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.59	−0.001%	$1K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0304%	8h	107.59	0.000%	$61K	$77K	—	as long as short
Binance WMTUSDT	+0.0459%	8h	107.58	−0.011%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0464%	1h	107.56	−0.025%	$23K	$115K	10x	as long as short