Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.020%

Price spread now: KuCoin against QFEX+0.046%7-day average −0.102% · 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−$1,069as in the Price arb table

costs, in and out, $10k−$1,08410.839% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.046%, 7d avg −0.102%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.149% dearer against QFEX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.58	0.0041	pay 0.0005% / 1h	48m 25s	$1.1M	$2.4M	10x
Short	KuCoin WMTUSDTM	107.63	0.0100	get 0.0100% / 8h	1h 48m	$33K	$889K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $12.4
Price spread: +0.046% → −0.102%: $14.89
Slippage, 4 orders: −$1,061.86
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,056.57
Costs to cover: 10.839%
Break-even: 603.5 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 26 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, 4 min ago	2.32 bp	10.6 bp −$11	21.5 bp −$215	doesn't fit	doesn't fit
Sell KuCoin live order book, 26 min ago	44.99 bp	991.0 bp −$991	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	−0.0913%	4h	107.58	−0.001%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.36	−0.207%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.102%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	0.000%	$82K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.51	−0.065%	$814K	$21K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.54	−0.037%	$539K	$120K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	108.04	+0.428%	$6K	$346K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.706%	$3K	$26K	12x	as long as short
QFEX WMT-USDlong	+0.0041%	1h	107.58	long leg	$1.1M	$2.4M	10x
KuCoin WMTUSDTMshort	+0.0100%	8h	107.63	+0.046%	$33K	$889K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WMT-USDT	+0.0100%	8h	107.58	0.000%	$1K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0183%	8h	107.57	−0.005%	$61K	$79K	—	as long as short
Binance WMTUSDT	+0.0453%	8h	107.58	+0.003%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0456%	1h	107.57	−0.012%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0703%	8h	107.61	+0.029%	$539	$128K	10x	as long as short