Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.011%

Price spread now: QFEX against Bitget−0.009%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.009%, 7d avg +0.030%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.039% cheaper against Bitget than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 4.1 days of funding at the current rate (+$1 a day).

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 20m	$543K	$94K	50x
Short	QFEX WMT-USD	108.00	0.0032	get 0.0004% / 1h	20m 38s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $6.74
Price spread: −0.009% → +0.030%: −$3.92
Slippage, 4 orders: −$78.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$97.31
Costs to cover: 1.001%
Break-even: 108.1 days

Slippage from Bitget: live order book, 19 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 Bitget live order book, 19 min ago	1.85 bp	16.2 bp −$16	31.4 bp −$314	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.32 bp	7.3 bp −$7	11.0 bp −$110	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 WMTUSDC	−0.0476%	4h	108.01	0.000%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.96	−0.051%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.99	−0.019%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.02	+0.008%	$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	107.92	−0.083%	$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	108.61	+0.556%	$5K	$345K	20x	as long as short
QFEX WMT-USDshort	+0.0032%	1h	108.00	−0.009%	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.102%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.94	−0.065%	$35K	$518K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.01	0.000%	$2K	$2.9M	10x	as long as short