Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.011%

Price spread now: QFEX against HTX−0.350%7-day average −0.112% · you buy dearer than you sell

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

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.350%, 7d avg −0.112%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.238% cheaper against HTX than usual: you would sell low and buy high (spread −0.350% now, against its 7-day average of −0.112%). If the spread goes back, that is −$24 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.019% in total) that is about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WMT-USDT	108.46	0	get 0.0000% / 8h	2h 14m	$5K	$348K	20x
Short	QFEX WMT-USD	108.08	0.0045	get 0.0006% / 1h	14m 12s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.350%Rate

Funding earned: $9.44
Price spread: −0.350% → −0.112%: −$23.83
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$36.39
Costs to cover: 0.220%
Break-even: 34.0 days

Slippage unknown: HTX: live order book, 33 min ago; QFEX: live order book, 3 min ago. 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, 33 min ago	63.73 bp	103.9 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.39 bp	9.4 bp −$9	19.3 bp −$193	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	107.99	−0.432%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.07	−0.360%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.10	−0.336%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.05	−0.378%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.20	−0.240%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.04	−0.387%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.06	−0.369%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.10	−0.330%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.08	−0.347%	$577	$135K	10x	as long as short
HTX WMT-USDTlong	0.0000%	8h	108.46	long leg	$5K	$348K	20x

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	−1.512%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0045%	1h	108.08	−0.350%	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	108.04	−0.387%	$34K	$562K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.09	−0.341%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0950%	4h	108.11	−0.323%	$15K	$256K	10x	as long as short