Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0559%/8h= +61.2% APRpaid last 24h +0.169%

Price spread now: Binance against edgeX+0.041%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.362%+$36 on $10k

Price spread, last 2 days (all we have)−0.034%−$3 · spread now +0.041%, 7d avg +0.008%

Together, before fees+0.328%+ Points / potential airdropedgeX: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Binance is 0.034% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.362% in total (about 18.9% 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	edgeX WMTUSDC	107.52	−0.0039	get 0.0019% / 4h	2h 17m	$15K	$256K	10x
Short	Binance WMTUSDT	107.57	0.0520	get 0.0520% / 8h	6h 17m	$1.6M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.041%Rate

Funding earned: $117.42
Price spread: +0.041% → +0.008%: $3.36
Slippage, 4 orders: −$30.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $71.06
Costs to cover: 0.497%
Break-even: 2.8 days

Slippage from edgeX: live order book, 50 min ago; Binance: live order book, 1 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 edgeX live order book, 50 min ago	6.51 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.93 bp	11.3 bp −$11	45.0 bp −$450	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 WMTUSDClong	−0.0039%	4h	107.52	long leg	$15K	$256K	10x
Aster WMTUSDT	0.0000%	8h	107.45	−0.069%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.58	+0.052%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.59	+0.061%	$82K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.49	−0.032%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.50	−0.022%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.53	+0.003%	$426	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.96	+0.405%	$5K	$350K	20x	as long as short
QFEX WMT-USD	+0.0019%	1h	107.54	+0.015%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.655%	$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	107.44	−0.078%	$33K	$749K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.56	+0.033%	$2K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0369%	8h	107.51	−0.017%	$61K	$77K	—	as long as short
Extended WMT-USD	+0.0520%	1h	107.54	+0.017%	$23K	$115K	10x	as long as short
Binance WMTUSDTshort	+0.0520%	8h	107.57	+0.041%	$1.6M	$1.0M	20x