Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h +0.081%

Price spread now: edgeX against Bitget0.000%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now 0.000%, 7d avg +0.038%

Together, before fees+0.002%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and edgeX is 0.038% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.6% 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	Bitget WMTUSDT	108.01	0	get 0.0000% / 8h	1h 19m	$543K	$94K	50x
Short	edgeX WMTUSDC	108.01	−0.0476	pay 0.0238% / 4h	1h 19m	$15K	$254K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$99.91
Price spread: 0.000% → +0.038%: −$3.76
Slippage, 4 orders: −$42.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$166.88
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; edgeX: live order book, 23 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 Bitget live order book, 21 min ago	1.85 bp	16.2 bp −$16	31.4 bp −$314	doesn't fit	doesn't fit
Sell edgeX live order book, 23 min ago	6.02 bp	12.6 bp −$13	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	−0.0476%	4h	108.01	0.000%	$15K	$254K	10x
Aster WMTUSDT	0.0000%	8h	107.95	−0.052%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.00	−0.012%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.03	+0.017%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.11	+0.093%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.03	+0.019%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.93	−0.074%	$809K	$28K	25x	as long as short
Bitget WMTUSDTlong	0.0000%	8h	108.01	long leg	$543K	$94K	50x
Variational Omni WMT	0.0000%	8h	108.00	−0.008%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.02	+0.010%	$392	$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	108.28	+0.250%	$5K	$344K	20x	as long as short
QFEX WMT-USD	+0.0032%	1h	108.01	0.000%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.102%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.96	−0.046%	$34K	$516K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.02	+0.009%	$2K	$2.9M	10x	as long as short