Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0504%/8h= −55.2% APRpaid last 24h −0.016%

Price spread now: Gate against Extended−0.020%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$330as in the Funding arb table

Net, price: spread back to 7d avg − costs−$326as in the Price arb table

costs, in and out, $10k−$3243.244% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.020%, 7d avg −0.009%

Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$15 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 -0.058% in total (about -3.0% 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	Extended WMT-USD	107.55	0.0504	pay 0.0063% / 1h	35m 14s	$23K	$115K	10x
Short	Gate WMT_USDT	107.53	0	get 0.0000% / 8h	1h 35m	$815K	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.020%Rate

Funding earned: −$105.84
Price spread: −0.020% → −0.009%: −$1.19
Slippage, 4 orders: −$304.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$431.38
Costs to cover: 3.244%
Break-even: never at this rate

Slippage from Extended: live order book, 45 min ago; Gate: live order book, 47 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 Extended live order book, 45 min ago	1.40 bp	16.4 bp −$16	80.9 bp −$809	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	2.33 bp	125.4 bp −$125	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	107.37	−0.168%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.128%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	+0.026%	$82K	$34K	20x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.53	−0.020%	$815K	$21K	25x
Bitget WMTUSDT	0.0000%	8h	107.55	−0.002%	$539K	$120K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	108.15	+0.556%	$6K	$348K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.681%	$3K	$26K	12x	as long as short
QFEX WMT-USD	+0.0041%	1h	107.55	−0.002%	$1.1M	$2.5M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.55	−0.002%	$33K	$880K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.56	+0.007%	$1K	$3.0M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX WMTUSDC	+0.0147%	4h	107.55	−0.001%	$15K	$255K	10x	as long as short
Variational Omni WMT	+0.0253%	8h	107.55	0.000%	$61K	$79K	—	as long as short
Extended WMT-USDlong	+0.0504%	1h	107.55	long leg	$23K	$115K	10x
Binance WMTUSDT	+0.0507%	8h	107.57	+0.016%	$1.6M	$1.1M	20x	as long as short
GRVT WMT_USDT_Perp	+0.0752%	8h	107.57	+0.015%	$615	$129K	10x	as long as short