Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.019%

Price spread now: QFEX against KuCoin+0.037%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1,905as in the Price arb table

costs, in and out, $10k−$1,89918.991% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.037%, 7d avg +0.097%

Together, before fees−0.064%−$6 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 QFEX is 0.059% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WMTUSDTM	107.94	0.0100	pay 0.0100% / 8h	36m 27s	$34K	$513K	20x
Short	QFEX WMT-USD	107.98	0.0013	get 0.0002% / 1h	36m 27s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$18.28
Price spread: +0.037% → +0.097%: −$5.95
Slippage, 4 orders: −$1,877.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1,923.28
Costs to cover: 18.991%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; QFEX: live order book, 6 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, 67 min ago	19.45 bp	975.9 bp −$976	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.32 bp	7.5 bp −$8	15.1 bp −$151	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	−0.0437%	4h	107.98	+0.040%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.92	−0.015%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.98	+0.037%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.01	+0.065%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.06	+0.111%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.12	+0.167%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.93	−0.009%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.99	+0.046%	$544K	$95K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.97	+0.031%	$61K	$75K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.00	+0.053%	$477	$134K	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-USDT	0.0000%	8h	108.05	+0.102%	$5K	$344K	20x	as long as short
QFEX WMT-USDshort	+0.0013%	1h	107.98	+0.037%	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.038%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTMlong	+0.0100%	8h	107.94	long leg	$34K	$513K	20x
SunX WMT-USDT	+0.0100%	8h	108.00	+0.056%	$1K	$2.9M	10x	as long as short