WMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bitget against SunX−0.009%50s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1661.656% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now −0.009%, 7d avg −0.047%

Together, before fees−0.315%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.037% dearer against SunX than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.047%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WMT-USDT	108.04	0.0100	pay 0.0100% / 8h	1h 37m	$1K	$2.9M	10x
Short	Bitget WMTUSDT	108.03	0	get 0.0000% / 8h	1h 37m	$543K	$94K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$21
Price spread: −0.009% → −0.047%: $3.73
Slippage, 4 orders: −$145.56
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$182.84
Costs to cover: 1.656%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Bitget: live order book, 2 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 SunX live order book, 10 min ago	45.81 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.85 bp	21.3 bp −$21	70.0 bp −$700	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	−0.0894%	4h	108.02	−0.023%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.97	−0.066%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.01	−0.025%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.04	0.000%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.99	−0.046%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.20	+0.148%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.95	−0.083%	$809K	$28K	25x	as long as short
Bitget WMTUSDTshort	0.0000%	8h	108.03	−0.009%	$543K	$94K	50x
Variational Omni WMT	0.0000%	8h	108.03	−0.013%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.06	+0.016%	$682	$136K	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	108.46	+0.389%	$5K	$346K	20x	as long as short
QFEX WMT-USD	+0.0032%	1h	108.02	−0.019%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.129%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.99	−0.046%	$34K	$534K	20x	as long as short
SunX WMT-USDTlong	+0.0100%	8h	108.04	long leg	$1K	$2.9M	10x