Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.130%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$393as in the Price arb table

costs, in and out, $10k−$3983.979% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.130%, 7d avg +0.080%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.050% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WMT_USDT	107.48	0	get 0.0000% / 8h	5h 41m	$814K	$20K	25x
Short	Bybit WMTUSDT	107.62	0	get 0.0000% / 8h	5h 41m	$118K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.130%Rate

Funding earned: $0
Price spread: +0.130% → +0.080%: $5
Slippage, 4 orders: −$371.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$392.88
Costs to cover: 3.979%
Break-even: never at this rate

Slippage from Gate: live order book, 21 min ago; Bybit: live order book, 3 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 Gate live order book, 21 min ago	3.72 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.18 bp	27.6 bp −$28	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
edgeX WMTUSDC	−0.0825%	4h	107.49	+0.014%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.42	−0.059%	$4K	$71	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	107.62	+0.130%	$118K	$12K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	107.63	+0.140%	$82K	$33K	20x	as long as short
Gate WMT_USDTlong	0.0000%	8h	107.48	long leg	$814K	$20K	25x
Bitget WMTUSDT	0.0000%	8h	107.50	+0.019%	$541K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.50	+0.023%	$334	$125K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.16	+0.633%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0017%	1h	107.48	0.000%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.614%	$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	107.45	−0.028%	$33K	$725K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.49	+0.009%	$1K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0259%	8h	107.51	+0.024%	$61K	$77K	—	as long as short
Binance WMTUSDT	+0.0397%	8h	107.51	+0.025%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0400%	1h	107.48	−0.001%	$23K	$115K	10x	as long as short