Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.013%

Price spread now: SunX against Extended+0.023%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1591.587% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.023%, 7d avg +0.028%

Together, before fees+0.184%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.5% 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	107.57	0.0464	pay 0.0058% / 1h	0m 36s	$23K	$115K	10x
Short	SunX WMT-USDT	107.60	0.0100	get 0.0100% / 8h	6h 00m	$1K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$76.44
Price spread: +0.023% → +0.028%: −$0.46
Slippage, 4 orders: −$145.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$235.55
Costs to cover: 1.587%
Break-even: never at this rate

Slippage from Extended: live order book, 65 min ago; SunX: live order book, 7 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, 65 min ago	0.47 bp	15.6 bp −$16	88.3 bp −$883	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	45.08 bp	64.3 bp −$64	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	107.45	−0.113%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.107%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.53	−0.042%	$81K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.58	+0.005%	$815K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.59	+0.014%	$541K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.60	+0.023%	$750	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.89	+0.293%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0019%	1h	107.58	+0.005%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.702%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.51	−0.060%	$33K	$737K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WMT-USDTshort	+0.0100%	8h	107.60	+0.023%	$1K	$2.9M	10x
Variational Omni WMT	+0.0304%	8h	107.59	+0.015%	$61K	$77K	—	as long as short
Extended WMT-USDlong	+0.0464%	1h	107.57	long leg	$23K	$115K	10x
Binance WMTUSDT	+0.0464%	8h	107.60	+0.023%	$1.6M	$1.0M	20x	as long as short
edgeX WMTUSDC	+0.0769%	4h	107.61	+0.036%	$15K	$256K	10x	as long as short