Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.019%

Price spread now: QFEX against SunX+0.009%7-day average −0.015% · 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−$393as in the Price arb table

costs, in and out, $10k−$3953.954% of the position

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.009%, 7d avg −0.015%

Together, before fees−0.284%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.025% dearer against SunX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.015%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WMT-USDT	107.48	0.0100	pay 0.0100% / 8h	3h 50m	$2K	$2.9M	10x
Short	QFEX WMT-USD	107.49	0.0008	get 0.0001% / 1h	50m 33s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$19.3
Price spread: +0.009% → −0.015%: $2.45
Slippage, 4 orders: −$377.36
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$412.21
Costs to cover: 3.954%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; QFEX: 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, 7 min ago	45.13 bp	63.5 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	128.88 bp	133.9 bp −$134	142.1 bp −$1,421	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	107.44	−0.036%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.61	+0.121%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	+0.065%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.42	−0.056%	$814K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.43	−0.047%	$540K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.48	−0.004%	$61K	$74K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.47	−0.009%	$305	$128K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.67	+0.177%	$5K	$352K	20x	as long as short
QFEX WMT-USDshort	+0.0008%	1h	107.49	+0.009%	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.614%	$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
Binance WMTUSDT	+0.0041%	8h	107.52	+0.040%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0048%	1h	107.50	+0.018%	$23K	$115K	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.49	+0.009%	$34K	$631K	20x	as long as short
SunX WMT-USDTlong	+0.0100%	8h	107.48	long leg	$2K	$2.9M	10x
edgeX WMTUSDC	+0.0536%	4h	107.47	−0.014%	$15K	$255K	10x	as long as short