Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against HTX−1.548%65s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 1.548% cheaper against HTX than usual: you would sell low and buy high (spread −1.548% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$155 on $10k: about 5 months of funding at the current rate (+$1 a day). The two prices were read 65 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	HTX WMT-USDT	108.50	0	get 0.0000% / 8h	2h 16m	$5K	$348K	20x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	16m 17s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −1.548%Rate

Funding earned: $7
Price spread: −1.548% → 0.000%: −$154.84
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$159.86
Costs to cover: 0.120%
Break-even: 166.9 days

Slippage unknown: HTX: live order book, 31 min ago; Injective: no order-book sample. Net counts fees only.

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 HTX live order book, 31 min ago	63.73 bp	103.9 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0982%	4h	108.07	−0.400%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	108.02	−0.442%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.08	−0.386%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.11	−0.359%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.10	−0.369%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.20	−0.276%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.04	−0.424%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.07	−0.396%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.07	−0.400%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.08	−0.384%	$577	$135K	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-USDTlong	0.0000%	8h	108.50	long leg	$5K	$348K	20x
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−1.548%	$3K	$26K	12x
QFEX WMT-USD	+0.0045%	1h	108.10	−0.369%	$1.1M	$2.6M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	108.05	−0.415%	$34K	$562K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.12	−0.350%	$1K	$2.9M	10x	as long as short