Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h +0.071%

Price spread now: edgeX against QFEX+0.003%7-day average +0.007% · 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−$41as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.003%, 7d avg +0.007%

Together, before fees−0.016%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.039% in total (about -3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.11	0.0032	pay 0.0004% / 1h	54m 53s	$1.1M	$2.6M	10x
Short	edgeX WMTUSDC	108.11	−0.0176	pay 0.0088% / 4h	1h 54m	$15K	$254K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against QFEX. 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 QFEXbpFee edgeXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$43.77
Price spread: +0.003% → +0.007%: −$0.35
Slippage, 4 orders: −$21.46
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$84.58
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; edgeX: live order book, 53 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 QFEX live order book, 3 min ago	2.31 bp	7.4 bp −$7	15.9 bp −$159	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	6.02 bp	12.8 bp −$13	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 WMTUSDCshort	−0.0176%	4h	108.11	+0.003%	$15K	$254K	10x
Aster WMTUSDT	0.0000%	8h	107.99	−0.115%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.09	−0.017%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.12	+0.009%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.18	+0.065%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.32	+0.194%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.02	−0.083%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.08	−0.028%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.09	−0.022%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.11	−0.002%	$397	$135K	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	108.52	+0.379%	$5K	$346K	20x	as long as short
QFEX WMT-USDlong	+0.0032%	1h	108.11	long leg	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.193%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	108.03	−0.074%	$34K	$547K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.12	+0.009%	$1K	$2.9M	10x	as long as short