WMT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0858%/8h= −94.0% APRnext payment −$8.58 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.022%73s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as 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−$990.987% of the position

Long on GRVT Short on Bitget

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)−0.035%−$3 · spread now −0.022%, 7d avg −0.037%

Together, before fees−0.159%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate. The two prices were read 73 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 -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.58 per $10,000. 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	GRVT WMT_USDT_Perp	107.56	0.0858	pay 0.0858% / 8h	54m 15s	$869	$130K	10x
Short	Bitget WMTUSDT	107.54	0	get 0.0000% / 8h	54m 15s	$539K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$180.18
Price spread: −0.022% → −0.037%: $1.51
Slippage, 4 orders: −$77.71
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$277.38
Costs to cover: 0.987%
Break-even: never at this rate

Slippage from GRVT: live order book, 22 min ago; Bitget: live order book, 21 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 GRVT live order book, 22 min ago	2.79 bp	32.8 bp −$33	63.4 bp −$634	doesn't fit	doesn't fit
Sell Bitget live order book, 21 min ago	1.39 bp	17.9 bp −$18	41.8 bp −$418	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	−0.0520%	4h	107.58	+0.013%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.36	−0.186%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.117%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	+0.015%	$82K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.55	−0.013%	$815K	$20K	25x	as long as short
Bitget WMTUSDTshort	0.0000%	8h	107.54	−0.022%	$539K	$122K	50x
HTX WMT-USDT	0.0000%	8h	107.76	+0.183%	$5K	$349K	20x	as long as short
QFEX WMT-USD	+0.0029%	1h	107.58	+0.015%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.691%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.54	−0.022%	$33K	$840K	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-USDT	+0.0100%	8h	107.58	+0.015%	$2K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0423%	8h	107.58	+0.015%	$61K	$79K	—	as long as short
Binance WMTUSDT	+0.0671%	8h	107.59	+0.028%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0672%	1h	107.57	+0.005%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perplong	+0.0858%	8h	107.56	long leg	$869	$130K	10x