Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against KuCoin−0.955%70s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.955% cheaper against KuCoin than usual: you would sell low and buy high (−$96 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	KuCoin WMTUSDTM	107.85	0.0100	pay 0.0100% / 8h	6m 16s	$33K	$520K	20x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	6m 16s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.955%Rate

Funding earned: −$14
Price spread: −0.955% → 0.000%: −$95.5
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$121.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 28 min ago; Injective: 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 KuCoin live order book, 28 min ago	7.88 bp	1155.4 bp −$1,155	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	107.88	+0.030%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.97	+0.108%	$23K	$89K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	107.99	+0.133%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.07	+0.204%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.92	+0.065%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.96	+0.102%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.95	+0.093%	$545K	$96K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.98	+0.117%	$61K	$75K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.97	+0.111%	$268	$136K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.41	+0.519%	$5K	$344K	20x	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	+0.0013%	1h	107.98	+0.121%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−0.955%	$3K	$26K	12x
KuCoin WMTUSDTMlong	+0.0100%	8h	107.85	long leg	$33K	$520K	20x
SunX WMT-USDT	+0.0100%	8h	107.98	+0.121%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0718%	4h	107.98	+0.117%	$15K	$254K	10x	as long as short