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 −0.142%

Price spread now: Bybit against GRVT+0.104%90s7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as 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−$1000.998% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.104%, 7d avg +0.062%

Together, before fees−0.465%+ Points / potential airdropGRVT: Active · farm board−$47 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 0.042% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.062%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WMT_USDT_Perp	107.45	0	get 0.0000% / 8h	3h 57m	$394	$127K	10x
Short	Bybit WMTUSDT	107.56	0	get 0.0000% / 8h	3h 57m	$118K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.062%: $4.19
Slippage, 4 orders: −$79.8
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.61
Costs to cover: 0.998%
Break-even: never at this rate

Slippage from GRVT: live order book, 54 min ago; Bybit: live order book, 42 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, 54 min ago	3.26 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 42 min ago	6.51 bp	29.1 bp −$29	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	−0.0909%	4h	107.47	+0.019%	$15K	$256K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.35	−0.088%	$4K	$71	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	107.56	+0.104%	$118K	$12K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	+0.094%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.42	−0.027%	$814K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.43	−0.017%	$540K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.47	+0.021%	$60K	$76K	—	as long as short
GRVT WMT_USDT_Perplong	0.0000%	8h	107.45	long leg	$394	$127K	10x
HTX WMT-USDT	0.0000%	8h	108.10	+0.606%	$5K	$352K	20x	as long as short
QFEX WMT-USD	+0.0008%	1h	107.44	−0.008%	$1.1M	$2.6M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.585%	$3K	$26K	12x	as long as short
Extended WMT-USD	+0.0064%	1h	107.44	−0.008%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0064%	8h	107.47	+0.019%	$1.6M	$1.0M	20x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.35	−0.092%	$33K	$637K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.47	+0.020%	$2K	$2.9M	10x	as long as short