Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.023%

Price spread now: Extended against KuCoin+0.135%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,556as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,539as in the Price arb table

costs, in and out, $10k−$1,54415.444% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.135%, 7d avg +0.084%

Together, before fees−0.228%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.052% dearer against KuCoin than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.084%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WMTUSDTM	107.78	0.0100	pay 0.0100% / 8h	3h 05m	$34K	$592K	20x
Short	Extended WMT-USD	107.93	0	get 0.0000% / 1h	5m 09s	$23K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$21
Price spread: +0.135% → +0.084%: $5.19
Slippage, 4 orders: −$1,527.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,560.19
Costs to cover: 15.444%
Break-even: never at this rate

Slippage from KuCoin: live order book, 69 min ago; Extended: live order book, 45 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 KuCoin live order book, 69 min ago	13.97 bp	655.3 bp −$655	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 45 min ago	0.47 bp	15.6 bp −$16	77.3 bp −$773	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	−0.0842%	4h	107.94	+0.151%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.78	+0.004%	$4K	$76	20x	as long as short
Extended WMT-USDshort	0.0000%	1h	107.93	+0.135%	$23K	$115K	10x
Binance WMTUSDT	0.0000%	8h	107.96	+0.166%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.78	0.000%	$119K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.11	+0.306%	$82K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.85	+0.065%	$816K	$27K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.91	+0.121%	$542K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.94	+0.145%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.92	+0.128%	$280	$131K	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	108.39	+0.566%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0008%	1h	107.90	+0.111%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.891%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTMlong	+0.0100%	8h	107.78	long leg	$34K	$592K	20x
SunX WMT-USDT	+0.0100%	8h	107.95	+0.158%	$2K	$2.9M	10x	as long as short