Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0556%/8h= −60.9% APRpaid last 24h +0.098%

Price spread now: edgeX against SunX−0.015%74s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as 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−$1571.569% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.228%−$23 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now −0.015%, 7d avg −0.008%

Together, before fees−0.378%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. The two prices were read 74 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 7 days it paid -0.228% in total (about -11.9% 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	SunX WMT-USDT	107.50	0.0100	pay 0.0100% / 8h	5h 33m	$2K	$2.9M	10x
Short	edgeX WMTUSDC	107.48	−0.0456	pay 0.0228% / 4h	1h 33m	$15K	$255K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$116.72
Price spread: −0.015% → −0.008%: −$0.65
Slippage, 4 orders: −$139.9
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$274.27
Costs to cover: 1.569%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; edgeX: live order book, 29 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, 4 min ago	46.04 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 29 min ago	6.97 bp	13.7 bp −$14	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 WMTUSDCshort	−0.0456%	4h	107.48	−0.015%	$15K	$255K	10x
Aster WMTUSDT	0.0000%	8h	107.42	−0.074%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.61	+0.102%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.63	+0.121%	$82K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.47	−0.028%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.49	−0.009%	$541K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.51	+0.009%	$329	$125K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.20	+0.651%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0017%	1h	107.49	−0.009%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.633%	$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
KuCoin WMTUSDTM	+0.0100%	8h	107.49	−0.009%	$33K	$722K	20x	as long as short
SunX WMT-USDTlong	+0.0100%	8h	107.50	long leg	$2K	$2.9M	10x
Variational Omni WMT	+0.0224%	8h	107.49	−0.010%	$61K	$77K	—	as long as short
Binance WMTUSDT	+0.0367%	8h	107.53	+0.029%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0368%	1h	107.50	0.000%	$23K	$115K	10x	as long as short