Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0844%/8h= +92.5% APRpaid last 24h −0.117%

Price spread now: QFEX against edgeX−0.010%57s7-day average −0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.401% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.010%, 7d avg −0.007%

Together, before fees−0.055%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate. The two prices were read 57 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 4 days it paid -0.003% in total (about -0.3% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WMTUSDC	107.44	−0.0834	get 0.0417% / 4h	21m 48s	$15K	$254K	10x
Short	QFEX WMT-USD	107.43	0.0010	get 0.0001% / 1h	21m 48s	$1.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $177.32
Price spread: −0.010% → −0.007%: −$0.32
Slippage, 4 orders: −$21.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: $136.88
Costs to cover: 0.401%
Break-even: 1.6 days

Slippage from edgeX: live order book, 36 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 edgeX live order book, 36 min ago	6.52 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.40 bp	6.4 bp −$6	13.3 bp −$133	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 WMTUSDClong	−0.0834%	4h	107.44	long leg	$15K	$254K	10x
Aster WMTUSDT	0.0000%	8h	107.35	−0.086%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.56	+0.111%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	+0.101%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.38	−0.057%	$813K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.45	+0.008%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.44	−0.001%	$701	$127K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.90	+0.427%	$5K	$352K	20x	as long as short
Variational Omni WMT	+0.0002%	8h	107.44	−0.006%	$60K	$76K	—	as long as short
QFEX WMT-USDshort	+0.0010%	1h	107.43	−0.010%	$1.1M	$2.7M	10x

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	−0.578%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.40	−0.038%	$34K	$660K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.44	−0.001%	$2K	$2.9M	10x	as long as short
Binance WMTUSDT	+0.0114%	8h	107.47	+0.027%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0120%	1h	107.43	−0.009%	$23K	$115K	10x	as long as short