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 +0.069%

Price spread now: Bybit against edgeX+0.069%111s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$850.851% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.199%+$20 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.069%, 7d avg +0.057%

Together, before fees+0.086%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.199% in total (about 10.4% 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	107.51	−0.0559	get 0.0279% / 4h	2h 17m	$15K	$255K	10x
Short	Bybit WMTUSDT	107.58	0	get 0.0000% / 8h	6h 17m	$118K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.069%Rate

Funding earned: $117.38
Price spread: +0.069% → +0.057%: $1.22
Slippage, 4 orders: −$65.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $33.52
Costs to cover: 0.851%
Break-even: 5.0 days

Slippage from edgeX: live order book, 50 min ago; Bybit: live order book, 32 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 Bybit live order book, 32 min ago	8.37 bp	34.3 bp −$34	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 WMTUSDClong	−0.0559%	4h	107.51	long leg	$15K	$255K	10x
Aster WMTUSDT	0.0000%	8h	107.45	−0.048%	$4K	$71	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	107.58	+0.069%	$118K	$12K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	107.59	+0.079%	$82K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.49	−0.014%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.50	−0.005%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.51	+0.005%	$600	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.09	+0.544%	$6K	$350K	20x	as long as short
QFEX WMT-USD	+0.0019%	1h	107.54	+0.032%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.638%	$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	107.45	−0.052%	$33K	$749K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.54	+0.032%	$2K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0369%	8h	107.51	+0.001%	$61K	$77K	—	as long as short
Binance WMTUSDT	+0.0520%	8h	107.57	+0.056%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0528%	1h	107.54	+0.031%	$23K	$115K	10x	as long as short