Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.055%

Price spread now: Injective against Variational Omni−1.069%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Injective is 1.069% cheaper against Variational Omni than usual: you would sell low and buy high (spread −1.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$107 on $10k: about 4 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WMT	107.97	0	get 0.0000% / 8h	40m 52s	$61K	$75K	—
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	40m 52s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now −1.069%Rate

Funding earned: $7
Price spread: −1.069% → 0.000%: −$106.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$99.89
Costs to cover: 0.000%
Break-even: 106.9 days

Slippage unknown: Variational Omni: no order-book sample; Injective: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Variational Omni and Injective: 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	−0.0030%	4h	107.96	−0.009%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.88	−0.091%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.95	−0.021%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	107.98	+0.006%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.02	+0.043%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.12	+0.135%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.92	−0.050%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.99	+0.015%	$544K	$95K	50x	as long as short
Variational Omni WMTlong	0.0000%	8h	107.97	long leg	$61K	$75K	—
GRVT WMT_USDT_Perp	0.0000%	8h	108.00	+0.022%	$488	$135K	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	108.22	+0.228%	$5K	$344K	20x	as long as short
QFEX WMT-USD	+0.0013%	1h	107.97	−0.004%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−1.069%	$3K	$26K	12x
KuCoin WMTUSDTM	+0.0100%	8h	107.91	−0.059%	$33K	$512K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.98	+0.006%	$2K	$2.9M	10x	as long as short