Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.012%

Price spread now: Gate against QFEX+0.028%7-day average −0.023% · 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−$496as in the Price arb table

costs, in and out, $10k−$5015.008% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.028%, 7d avg −0.023%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.051% dearer against QFEX than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.023%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.46	0.0019	pay 0.0002% / 1h	22m 53s	$1.1M	$2.7M	10x
Short	Gate WMT_USDT	107.49	0	get 0.0000% / 8h	6h 22m	$814K	$20K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$4.05
Price spread: +0.028% → −0.023%: $5.1
Slippage, 4 orders: −$475.82
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$499.77
Costs to cover: 5.008%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Gate: live order book, 44 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, 5 min ago	76.73 bp	82.3 bp −$82	91.2 bp −$912	doesn't fit	doesn't fit
Sell Gate live order book, 44 min ago	1.86 bp	323.0 bp −$323	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	−0.0074%	4h	107.52	+0.057%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.42	−0.034%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.58	+0.112%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.59	+0.121%	$82K	$33K	20x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.49	+0.028%	$814K	$20K	25x
Bitget WMTUSDT	0.0000%	8h	107.50	+0.037%	$540K	$94K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.52	+0.052%	$600	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.80	+0.316%	$5K	$350K	20x	as long as short
QFEX WMT-USDlong	+0.0019%	1h	107.46	long leg	$1.1M	$2.7M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.596%	$3K	$26K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WMTUSDTM	+0.0100%	8h	107.46	0.000%	$33K	$750K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.51	+0.047%	$1K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0385%	8h	107.52	+0.058%	$61K	$77K	—	as long as short
Extended WMT-USD	+0.0544%	1h	107.50	+0.039%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0545%	8h	107.53	+0.065%	$1.6M	$1.0M	20x	as long as short