Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.053%

Price spread now: Variational Omni against QFEX+0.006%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.40	0.0010	pay 0.0001% / 1h	44m 37s	$1.1M	$2.7M	10x
Short	Variational Omni WMT	107.41	0.0065	get 0.0065% / 8h	4h 44m	$60K	$76K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: $11.46
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.04
Costs to cover: 0.100%
Break-even: 5.8 days

Slippage unknown: QFEX: live order book, 3 min ago; Variational Omni: no order-book sample. Net counts fees only.

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	76.35 bp	81.3 bp −$81	88.4 bp −$884	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0984%	4h	107.39	−0.005%	$15K	$256K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.32	−0.074%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.50	+0.093%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	+0.140%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.36	−0.037%	$813K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.40	0.000%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.40	0.000%	$180	$127K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.08	+0.633%	$5K	$352K	20x	as long as short
QFEX WMT-USDlong	+0.0010%	1h	107.40	long leg	$1.1M	$2.7M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.540%	$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
Variational Omni WMTshort	+0.0065%	8h	107.41	+0.006%	$60K	$76K	—
KuCoin WMTUSDTM	+0.0100%	8h	107.39	−0.009%	$34K	$682K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.41	+0.009%	$1K	$2.9M	10x	as long as short
Binance WMTUSDT	+0.0193%	8h	107.42	+0.019%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0200%	1h	107.40	0.000%	$23K	$115K	10x	as long as short