Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.089%

Price spread now: QFEX against GRVT+0.050%7-day average −0.019% · 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−$54as in the Price arb table

costs, in and out, $10k−$610.605% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.196%−$20 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.050%, 7d avg −0.019%

Together, before fees−0.375%+ Points / potential airdropGRVT: Active · farm board−$37 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 0.070% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 4 days funding on this pair cost −0.196%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WMT_USDT_Perp	107.98	0	get 0.0000% / 8h	7h 44m	$287	$136K	10x
Short	QFEX WMT-USD	108.03	0.0039	get 0.0005% / 1h	44m 45s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $8.22
Price spread: +0.050% → −0.019%: $6.98
Slippage, 4 orders: −$41.53
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.33
Costs to cover: 0.605%
Break-even: 45.6 days

Slippage from GRVT: live order book, 48 min ago; QFEX: live order book, 3 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, 48 min ago	2.31 bp	21.6 bp −$22	58.3 bp −$583	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.31 bp	7.3 bp −$7	9.2 bp −$92	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	107.94	−0.030%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.03	+0.052%	$23K	$89K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.06	+0.078%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.10	+0.115%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.91	−0.061%	$81K	$32K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.97	−0.005%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.01	+0.032%	$545K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.05	+0.071%	$61K	$61K	—	as long as short
GRVT WMT_USDT_Perplong	0.0000%	8h	107.98	long leg	$287	$136K	10x
HTX WMT-USDT	0.0000%	8h	108.18	+0.189%	$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
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.070%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0039%	1h	108.03	+0.050%	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.92	−0.052%	$34K	$528K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.06	+0.078%	$1K	$2.8M	10x	as long as short
edgeX WMTUSDC	+0.0430%	4h	108.00	+0.020%	$15K	$255K	10x	as long as short