Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.139%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2302.298% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.139%, 7d avg +0.083%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.056% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WMT_USDT	107.93	0	get 0.0000% / 8h	17m 29s	$809K	$28K	25x
Short	Bybit WMTUSDT	108.08	0	get 0.0000% / 8h	17m 29s	$120K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.083%: $5.62
Slippage, 4 orders: −$203.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$224.21
Costs to cover: 2.298%
Break-even: never at this rate

Slippage from Gate: live order book, 19 min ago; Bybit: 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 Gate live order book, 19 min ago	2.78 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.94 bp	35.7 bp −$36	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 WMTUSDC	−0.0673%	4h	107.99	+0.053%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.91	−0.021%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.98	+0.045%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.01	+0.070%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	108.08	+0.139%	$120K	$15K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	108.12	+0.176%	$81K	$34K	20x	as long as short
Gate WMT_USDTlong	0.0000%	8h	107.93	long leg	$809K	$28K	25x
Bitget WMTUSDT	0.0000%	8h	107.97	+0.037%	$545K	$95K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.99	+0.052%	$61K	$75K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.01	+0.073%	$862	$136K	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	108.49	+0.519%	$5K	$344K	20x	as long as short
QFEX WMT-USD	+0.0013%	1h	107.99	+0.056%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.028%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.90	−0.028%	$33K	$516K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.99	+0.056%	$1K	$2.9M	10x	as long as short