Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0624%/8h= +68.3% APRpaid last 24h +0.055%

Price spread now: Variational Omni against Injective+0.674%91s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Variational Omni is 0.674% dearer against Injective than usual: you sell high and buy low: +$67 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 91 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	51m 40s	$3K	$26K	12x
Short	Variational Omni WMT	107.54	0.0657	get 0.0657% / 8h	7h 51m	$61K	$77K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.674%Rate

Funding earned: $131.01
Price spread: +0.674% → 0.000%: $67.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $198.44
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Injective and Variational Omni: 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
edgeX WMTUSDC	−0.0271%	4h	107.55	+0.679%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.40	+0.539%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.60	+0.730%	$118K	$12K	50x	as long as short
Gate WMT_USDT	0.0000%	8h	107.43	+0.571%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.45	+0.590%	$540K	$102K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	107.80	+0.917%	$6K	$347K	20x	as long as short
QFEX WMT-USD	+0.0030%	1h	107.50	+0.637%	$1.1M	$2.9M	10x	as long as short
Injective WMT/USDC PERPlong	+0.0033%	1h	106.82	long leg	$3K	$26K	12x
KuCoin WMTUSDTM	+0.0100%	8h	107.46	+0.599%	$33K	$808K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.49	+0.627%	$584	$3.0M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WMT-USDT-SWAP	+0.0111%	8h	107.71	+0.833%	$82K	$33K	20x	as long as short
Variational Omni WMTshort	+0.0657%	8h	107.54	+0.674%	$61K	$77K	—
Binance WMTUSDT	+0.0856%	8h	107.50	+0.639%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0864%	1h	107.49	+0.625%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.1594%	8h	107.54	+0.674%	$310	$127K	10x	as long as short