WMT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin−0.176%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,380as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,385as in the Price arb table

costs, in and out, $10k−$1,35913.589% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.176%, 7d avg +0.080%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.257% cheaper against KuCoin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WMTUSDTM	107.68	0.0100	pay 0.0100% / 8h	2h 08m	$33K	$892K	20x
Short	Gate WMT_USDT	107.49	0	get 0.0000% / 8h	2h 08m	$814K	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.176%Rate

Funding earned: −$21
Price spread: −0.176% → +0.080%: −$25.69
Slippage, 4 orders: −$1,331.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,405.64
Costs to cover: 13.589%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 14 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, 6 min ago	44.99 bp	72.4 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	2.33 bp	125.4 bp −$125	doesn't fit	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	−0.0004%	4h	107.60	−0.074%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.34	−0.319%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.68	0.000%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	−0.093%	$82K	$34K	20x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.49	−0.176%	$814K	$21K	25x
Bitget WMTUSDT	0.0000%	8h	107.52	−0.149%	$539K	$120K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	107.89	+0.195%	$5K	$345K	20x	as long as short
QFEX WMT-USD	+0.0024%	1h	107.49	−0.176%	$1.1M	$2.3M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.799%	$3K	$26K	12x	as long as short
Variational Omni WMT	+0.0082%	8h	107.61	−0.067%	$61K	$79K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WMTUSDTMlong	+0.0100%	8h	107.68	long leg	$33K	$892K	20x
SunX WMT-USDT	+0.0100%	8h	107.57	−0.102%	$2K	$3.0M	10x	as long as short
Binance WMTUSDT	+0.0359%	8h	107.58	−0.097%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0360%	1h	107.56	−0.108%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0594%	8h	107.57	−0.102%	$427	$131K	10x	as long as short