Funding you earn now, next payment 02:00 UTC−0.0525%/8h= −57.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.032%
Price spread now: QFEX against Extended−0.011%7-day average +0.015% · 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−$198as in the Price arb table
costs, in and out, $10k−$1951.950% of the position
Funding, last 3 days (all we have)−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.011%, 7d avg +0.015%
=Together, before fees+0.015%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and QFEX is 0.026% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.034% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 per $10,000. 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 | 107.50 | 0.0544 | pay 0.0068% / 1h | 21m 23s | $23K | $115K | 10x |
| Short | QFEX WMT-USD | 107.49 | 0.0019 | get 0.0002% / 1h | 21m 23s | $1.1M | $2.7M | 10x |
Extended WMT-USD
QFEX WMT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$110.19
- Price spread: −0.011% → +0.015%
- −$2.57
- Slippage, 4 orders
- −$180.04
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$307.8
- Costs to cover
- 1.950%
- Break-even
- never at this rate
Slippage from Extended: live order book, 44 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 Extended live order book, 44 min ago | 0.47 bp | 15.6 bp −$16 | 88.3 bp −$883 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 76.73 bp | 82.0 bp −$82 | 91.0 bp −$910 | 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 | 107.42 | −0.079% | $4K | $71 | 20x | as long as short |
| Bybit WMTUSDT | 0.0000% | 8h | 107.58 | +0.073% | $118K | $12K | 50x | as long as short |
| OKX WMT-USDT-SWAP | 0.0000% | 8h | 107.59 | +0.082% | $82K | $33K | 20x | as long as short |
| Gate WMT_USDT | 0.0000% | 8h | 107.47 | −0.029% | $814K | $20K | 25x | as long as short |
| Bitget WMTUSDT | 0.0000% | 8h | 107.50 | −0.001% | $540K | $93K | 50x | as long as short |
| GRVT WMT_USDT_Perp | 0.0000% | 8h | 107.51 | +0.008% | $600 | $126K | 10x | as long as short |
| HTX WMT-USDT | 0.0000% | 8h | 108.27 | +0.715% | $5K | $350K | 20x | as long as short |
| QFEX WMT-USDshort | +0.0019% | 1h | 107.49 | −0.011% | $1.1M | $2.7M | 10x | |
| Injective WMT/USDC PERP | +0.0033% | 1h | 106.82 | −0.634% | $3K | $26K | 12x | as long as short |
| KuCoin WMTUSDTM | +0.0100% | 8h | 107.45 | −0.048% | $33K | $750K | 20x | as long as short |
Aster WMTUSDT
Bybit WMTUSDT
OKX WMT-USDT-SWAP
Gate WMT_USDT
Bitget WMTUSDT
GRVT WMT_USDT_Perp
HTX WMT-USDT
Injective WMT/USDC PERP
KuCoin WMTUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX WMT-USDT | +0.0100% | 8h | 107.51 | +0.008% | $1K | $2.9M | 10x | as long as short |
| Variational Omni WMT | +0.0385% | 8h | 107.52 | +0.019% | $61K | $77K | — | as long as short |
| Binance WMTUSDT | +0.0538% | 8h | 107.53 | +0.031% | $1.6M | $1.0M | 20x | as long as short |
| Extended WMT-USDlong | +0.0544% | 1h | 107.50 | long leg | $23K | $115K | 10x | |
| edgeX WMTUSDC | +0.0616% | 4h | 107.50 | 0.000% | $15K | $255K | 10x | as long as short |
SunX WMT-USDT
Variational Omni WMT
Binance WMTUSDT
edgeX WMTUSDC