Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0478%/8h= −52.4% APRpaid last 24h −0.057%

Price spread now: SunX against edgeX+0.014%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1541.537% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.014%, 7d avg +0.008%

Together, before fees+0.353%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.201%, 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 7 days it paid 0.201% in total (about 10.5% 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	108.08	0.0578	pay 0.0289% / 4h	2h 56m	$15K	$254K	10x
Short	SunX WMT-USDT	108.10	0.0100	get 0.0100% / 8h	6h 56m	$1K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$100.46
Price spread: +0.014% → +0.008%: $0.58
Slippage, 4 orders: −$136.69
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$253.57
Costs to cover: 1.537%
Break-even: never at this rate

Slippage from edgeX: live order book, 36 min ago; SunX: live order book, 11 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, 36 min ago	6.01 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	45.80 bp	64.4 bp −$64	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
Aster WMTUSDT	0.0000%	8h	107.96	−0.114%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.07	−0.014%	$23K	$89K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.10	+0.014%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.14	+0.051%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.05	−0.032%	$81K	$31K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.02	−0.060%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.05	−0.032%	$546K	$92K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.10	+0.009%	$60K	$63K	—	as long as short
HTX WMT-USDT	0.0000%	8h	108.62	+0.495%	$5K	$343K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.170%	$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
QFEX WMT-USD	+0.0076%	1h	108.01	−0.069%	$1.1M	$2.4M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.99	−0.088%	$34K	$575K	20x	as long as short
SunX WMT-USDTshort	+0.0100%	8h	108.10	+0.014%	$1K	$2.7M	10x
GRVT WMT_USDT_Perp	+0.0574%	8h	108.09	+0.002%	$610	$134K	10x	as long as short
edgeX WMTUSDClong	+0.0578%	4h	108.08	long leg	$15K	$254K	10x