Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0892%/8hpaid last 24h −0.020%

Price spread now: QFEX against edgeX+0.013%7-day average −0.006% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.168%+$17 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.013%, 7d avg −0.006%

Together, before fees+0.149%+ Points / potential airdropedgeX: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.168%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.168% in total (about 19.0% 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	107.59	0.0934	pay 0.0467% / 4h	23m 33s	$15K	$254K	10x
Short	QFEX WMT-USD	107.60	0.0043	get 0.0005% / 1h	23m 33s	$1.1M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$187.27
Price spread: +0.013% → −0.006%: $1.89
Slippage, 4 orders: −$26.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$231.18
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from edgeX: live order book, 8 min ago; QFEX: live order book, 7 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, 8 min ago	7.44 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	2.79 bp	8.7 bp −$9	13.7 bp −$137	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
Aster WMTUSDT	0.0000%	8h	107.59	+0.005%	$4K	$71	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.59	+0.007%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	107.60	+0.009%	$1.6M	$1.0M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.67	+0.078%	$118K	$13K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.68	+0.087%	$81K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.53	−0.052%	$815K	$21K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.57	−0.015%	$539K	$120K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.57	−0.011%	$61K	$79K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.56	−0.024%	$1K	$138K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.17	+0.543%	$6K	$346K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.712%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0043%	1h	107.60	+0.013%	$1.1M	$1.7M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.52	−0.061%	$33K	$937K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.58	−0.005%	$1K	$3.0M	10x	as long as short
edgeX WMTUSDClong	+0.0934%	4h	107.59	long leg	$15K	$254K	10x