Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0639%/8h= −70.0% APRpaid last 24h +0.128%

Price spread now: edgeX against Gate+0.020%82s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2472.469% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.020%, 7d avg +0.030%

Together, before fees+0.043%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 82 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 7 days it paid -0.018% in total (about -0.9% 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	Gate WMT_USDT	107.36	0	get 0.0000% / 8h	4h 46m	$813K	$26K	25x
Short	edgeX WMTUSDC	107.38	−0.0639	pay 0.0320% / 4h	46m 02s	$15K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$134.29
Price spread: +0.020% → +0.030%: −$0.96
Slippage, 4 orders: −$222.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$382.15
Costs to cover: 2.469%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; edgeX: live order book, 11 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, 11 min ago	4.19 bp	104.3 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 11 min ago	6.52 bp	13.3 bp −$13	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 WMTUSDCshort	−0.0639%	4h	107.38	+0.020%	$15K	$256K	10x
Aster WMTUSDT	0.0000%	8h	107.32	−0.039%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.49	+0.121%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.49	+0.121%	$81K	$33K	20x	as long as short
Gate WMT_USDTlong	0.0000%	8h	107.36	long leg	$813K	$26K	25x
Bitget WMTUSDT	0.0000%	8h	107.40	+0.037%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.40	+0.037%	$180	$127K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.58	+0.205%	$5K	$352K	20x	as long as short
QFEX WMT-USD	+0.0010%	1h	107.40	+0.037%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.503%	$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
Variational Omni WMT	+0.0065%	8h	107.41	+0.043%	$60K	$76K	—	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.39	+0.028%	$33K	$683K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.40	+0.037%	$1K	$2.9M	10x	as long as short
Extended WMT-USD	+0.0200%	1h	107.39	+0.029%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0202%	8h	107.42	+0.056%	$1.6M	$1.0M	20x	as long as short