Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: HTX against Injective+1.020%65s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 1.020% dearer against Injective than usual: you sell high and buy low (spread +1.020% now, against zero (this spread has no 7-day history yet)): +$102 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WMT/USDC PERP	106.82	0.0033	pay 0.0004% / 1h	47m 39s	$3K	$26K	12x
Short	HTX WMT-USDT	107.91	0	get 0.0000% / 8h	5h 47m	$5K	$351K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +1.020%Rate

Funding earned: −$7
Price spread: +1.020% → 0.000%: $102.04
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $83.02
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; HTX: live order book, 15 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 15 min ago	50.42 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	107.43	+0.570%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.63	+0.758%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.63	+0.758%	$82K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.47	+0.609%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.53	+0.665%	$541K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.53	+0.661%	$397	$125K	10x	as long as short
HTX WMT-USDTshort	0.0000%	8h	107.91	+1.020%	$5K	$351K	20x
QFEX WMT-USD	+0.0017%	1h	107.51	+0.646%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERPlong	+0.0033%	1h	106.82	long leg	$3K	$26K	12x
KuCoin WMTUSDTM	+0.0100%	8h	107.50	+0.637%	$33K	$730K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WMT-USDT	+0.0100%	8h	107.53	+0.665%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0263%	4h	107.52	+0.651%	$15K	$255K	10x	as long as short
Variational Omni WMT	+0.0272%	8h	107.51	+0.650%	$61K	$77K	—	as long as short
Binance WMTUSDT	+0.0418%	8h	107.54	+0.674%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0424%	1h	107.51	+0.648%	$23K	$115K	10x	as long as short