Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against KuCoin−0.623%115s7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.623% cheaper against KuCoin than usual: you would sell low and buy high (−$62 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 115 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	KuCoin WMTUSDTM	107.49	0.0100	pay 0.0100% / 8h	7h 27m	$33K	$793K	20x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	27m 24s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.623%Rate

Funding earned: −$14
Price spread: −0.623% → 0.000%: −$62.33
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$88.35
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 27 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 KuCoin live order book, 27 min ago	20.01 bp	747.6 bp −$748	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	−0.0617%	4h	107.48	−0.012%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.38	−0.099%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.56	+0.065%	$118K	$12K	50x	as long as short
Gate WMT_USDT	0.0000%	8h	107.45	−0.037%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.49	0.000%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.47	−0.017%	$613	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.55	+0.056%	$6K	$348K	20x	as long as short
QFEX WMT-USD	+0.0030%	1h	107.48	−0.009%	$1.1M	$2.8M	10x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−0.623%	$3K	$26K	12x
OKX WMT-USDT-SWAP	+0.0086%	8h	107.63	+0.130%	$82K	$34K	20x	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	107.49	long leg	$33K	$793K	20x
SunX WMT-USDT	+0.0100%	8h	107.48	−0.009%	$2K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0596%	8h	107.46	−0.025%	$61K	$76K	—	as long as short
Binance WMTUSDT	+0.0787%	8h	107.49	−0.002%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0792%	1h	107.47	−0.016%	$23K	$115K	10x	as long as short