Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.017%

Price spread now: Extended against KuCoin+0.109%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,009as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,995as in the Price arb table

costs, in and out, $10k−$1,99819.977% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.109%, 7d avg +0.082%

Together, before fees−0.199%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.082%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WMTUSDTM	107.85	0.0100	pay 0.0100% / 8h	8m 28s	$34K	$517K	20x
Short	Extended WMT-USD	107.97	0	get 0.0000% / 1h	8m 28s	$23K	$89K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$21
Price spread: +0.109% → +0.082%: $2.72
Slippage, 4 orders: −$1,980.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$2,016.02
Costs to cover: 19.977%
Break-even: never at this rate

Slippage from KuCoin: live order book, 25 min ago; Extended: live order book, 27 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 KuCoin live order book, 25 min ago	7.88 bp	1155.4 bp −$1,155	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 27 min ago	0.93 bp	14.6 bp −$15	72.6 bp −$726	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	107.88	+0.029%	$4K	$76	20x	as long as short
Extended WMT-USDshort	0.0000%	1h	107.97	+0.109%	$23K	$89K	10x
Binance WMTUSDT	0.0000%	8h	107.99	+0.132%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.03	+0.167%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.92	+0.065%	$81K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.93	+0.074%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.95	+0.093%	$545K	$96K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.98	+0.117%	$61K	$75K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.97	+0.111%	$268	$136K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.38	+0.491%	$5K	$345K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WMT-USD	+0.0013%	1h	107.98	+0.121%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.955%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTMlong	+0.0100%	8h	107.85	long leg	$34K	$517K	20x
SunX WMT-USDT	+0.0100%	8h	107.98	+0.121%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0718%	4h	107.98	+0.117%	$15K	$254K	10x	as long as short