Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0727%/8h= +79.6% APRpaid last 24h −0.010%

Price spread now: GRVT against QFEX+0.048%57s7-day average +0.001% · 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—prices read too far apart to compare

costs, in and out, $10k−$780.784% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now +0.048%, 7d avg +0.001%

Together, before fees+0.046%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and GRVT is 0.047% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.057% in total (about 6.2% 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	107.49	0.0041	pay 0.0005% / 1h	26m 11s	$1.1M	$2.6M	10x
Short	GRVT WMT_USDT_Perp	107.54	0.0768	get 0.0768% / 8h	1h 26m	$216	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.048%Rate

Funding earned: $152.68
Price spread: +0.048% → +0.001%: $4.74
Slippage, 4 orders: −$59.37
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $79.05
Costs to cover: 0.784%
Break-even: 3.4 days

Slippage from QFEX: live order book, 6 min ago; GRVT: live order book, 55 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, 6 min ago	1.86 bp	6.9 bp −$7	15.2 bp −$152	doesn't fit	doesn't fit
Sell GRVT live order book, 55 min ago	2.33 bp	29.0 bp −$29	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
Aster WMTUSDT	0.0000%	8h	107.35	−0.131%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.66	+0.158%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	+0.084%	$82K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.52	+0.028%	$814K	$21K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.54	+0.047%	$539K	$120K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	107.89	+0.372%	$5K	$349K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.623%	$3K	$26K	12x	as long as short
QFEX WMT-USDlong	+0.0041%	1h	107.49	long leg	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.49	0.000%	$34K	$869K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.55	+0.056%	$1K	$3.0M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX WMTUSDC	+0.0126%	4h	107.54	+0.051%	$15K	$253K	10x	as long as short
Variational Omni WMT	+0.0269%	8h	107.53	+0.039%	$61K	$79K	—	as long as short
Extended WMT-USD	+0.0536%	1h	107.54	+0.048%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0536%	8h	107.56	+0.065%	$1.6M	$1.1M	20x	as long as short
GRVT WMT_USDT_Perpshort	+0.0768%	8h	107.54	+0.048%	$216	$130K	10x