Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.047%

Price spread now: Extended against Gate+0.060%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1931.930% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.060%, 7d avg +0.009%

Together, before fees+0.014%+ Points / potential airdropExtended: Active · farm board+$1 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: Extended is 0.051% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WMT_USDT	107.90	0	get 0.0000% / 8h	7h 59m	$809K	$28K	25x
Short	Extended WMT-USD	107.96	0	get 0.0000% / 1h	59m 42s	$23K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.009%: $5.06
Slippage, 4 orders: −$173.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$187.98
Costs to cover: 1.930%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; Extended: live order book, 36 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, 37 min ago	2.78 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	0.93 bp	14.6 bp −$15	72.6 bp −$726	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	107.93	+0.026%	$4K	$76	20x	as long as short
Extended WMT-USDshort	0.0000%	1h	107.96	+0.060%	$23K	$89K	10x
Binance WMTUSDT	0.0000%	8h	107.99	+0.083%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.11	+0.195%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.09	+0.176%	$81K	$33K	20x	as long as short
Gate WMT_USDTlong	0.0000%	8h	107.90	long leg	$809K	$28K	25x
Bitget WMTUSDT	0.0000%	8h	107.92	+0.019%	$545K	$95K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.97	+0.065%	$61K	$62K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.98	+0.072%	$659	$136K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.63	+0.677%	$5K	$344K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WMT-USD	+0.0013%	1h	106.70	−1.112%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.001%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.86	−0.037%	$34K	$526K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.97	+0.065%	$950	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0924%	4h	107.98	+0.074%	$15K	$256K	10x	as long as short