Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.089%

Price spread now: Extended against GRVT−0.054%52s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as 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−$700.697% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.054%, 7d avg −0.015%

Together, before fees−0.174%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$17 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 0.038% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 52 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	107.93	0	get 0.0000% / 8h	3h 02m	$717	$131K	10x
Short	Extended WMT-USD	107.87	0	get 0.0000% / 1h	2m 27s	$23K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.015%: −$3.84
Slippage, 4 orders: −$55.68
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$73.52
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from GRVT: live order book, 45 min ago; Extended: live order book, 48 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, 45 min ago	2.32 bp	15.9 bp −$16	54.2 bp −$542	doesn't fit	doesn't fit
Sell Extended live order book, 48 min ago	0.47 bp	15.6 bp −$16	77.3 bp −$773	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	−0.0001%	4h	107.94	+0.005%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.89	−0.036%	$4K	$76	20x	as long as short
Extended WMT-USDshort	0.0000%	1h	107.87	−0.054%	$23K	$115K	10x
Binance WMTUSDT	0.0000%	8h	107.95	+0.019%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.88	−0.046%	$119K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.87	−0.056%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.81	−0.111%	$816K	$27K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.90	−0.028%	$542K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.94	+0.006%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perplong	0.0000%	8h	107.93	long leg	$717	$131K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX WMT-USDT	0.0000%	8h	108.50	+0.528%	$5K	$350K	20x	as long as short
QFEX WMT-USD	+0.0008%	1h	107.91	−0.019%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.028%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.82	−0.102%	$34K	$589K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.92	−0.009%	$2K	$2.9M	10x	as long as short