Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: QFEX against Gate+0.065%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2162.163% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.065%, 7d avg +0.023%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WMT_USDT	107.95	0	get 0.0000% / 8h	1h 34m	$809K	$28K	25x
Short	QFEX WMT-USD	108.02	0.0032	get 0.0004% / 1h	34m 14s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $6.74
Price spread: +0.065% → +0.023%: $4.16
Slippage, 4 orders: −$191.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$205.39
Costs to cover: 2.163%
Break-even: 220.4 days

Slippage from Gate: live order book, 7 min ago; QFEX: live order book, 8 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, 7 min ago	4.63 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	27.31 bp	32.3 bp −$32	34.1 bp −$341	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	−0.0017%	4h	108.02	+0.065%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.97	+0.021%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.00	+0.046%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.03	+0.070%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.99	+0.037%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.20	+0.232%	$81K	$35K	20x	as long as short
Gate WMT_USDTlong	0.0000%	8h	107.95	long leg	$809K	$28K	25x
Bitget WMTUSDT	0.0000%	8h	108.03	+0.074%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.03	+0.070%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.05	+0.094%	$682	$136K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX WMT-USDT	0.0000%	8h	108.43	+0.445%	$5K	$345K	20x	as long as short
QFEX WMT-USDshort	+0.0032%	1h	108.02	+0.065%	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.047%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	108.01	+0.056%	$34K	$531K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.03	+0.074%	$896	$2.9M	10x	as long as short