WMT

Alert: funding

Alert: spread

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

Price spread now: Bybit against SunX+0.121%47s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as 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−$2042.038% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.121%, 7d avg +0.047%

Together, before fees−0.453%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.074% dearer against SunX than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.047%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 47 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	107.56	0.0100	pay 0.0100% / 8h	1h 35m	$1K	$3.0M	10x
Short	Bybit WMTUSDT	107.69	0	get 0.0000% / 8h	1h 35m	$118K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$21
Price spread: +0.121% → +0.047%: $7.37
Slippage, 4 orders: −$184.81
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$217.44
Costs to cover: 2.038%
Break-even: never at this rate

Slippage from SunX: live order book, 2 min ago; Bybit: live order book, 38 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, 2 min ago	45.09 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 38 min ago	10.21 bp	45.0 bp −$45	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	107.37	−0.177%	$4K	$71	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	107.69	+0.121%	$118K	$12K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	+0.019%	$82K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.53	−0.028%	$815K	$21K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.54	−0.019%	$539K	$120K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	108.05	+0.456%	$5K	$348K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.688%	$3K	$26K	12x	as long as short
QFEX WMT-USD	+0.0041%	1h	107.55	−0.009%	$1.1M	$2.5M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.54	−0.019%	$33K	$880K	20x	as long as short
SunX WMT-USDTlong	+0.0100%	8h	107.56	long leg	$1K	$3.0M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX WMTUSDC	+0.0147%	4h	107.55	−0.008%	$15K	$255K	10x	as long as short
Variational Omni WMT	+0.0232%	8h	107.56	+0.002%	$61K	$79K	—	as long as short
Extended WMT-USD	+0.0504%	1h	107.55	−0.007%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0507%	8h	107.57	+0.009%	$1.6M	$1.1M	20x	as long as short
GRVT WMT_USDT_Perp	+0.0752%	8h	107.57	+0.007%	$615	$129K	10x	as long as short