Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.019%

Price spread now: QFEX against KuCoin+0.065%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$2,110as in the Price arb table

costs, in and out, $10k−$2,10721.070% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.091%−$9 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.065%, 7d avg +0.097%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.097%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WMTUSDTM	108.06	0.0100	pay 0.0100% / 8h	2h 08m	$34K	$557K	20x
Short	QFEX WMT-USD	108.13	0.0045	get 0.0006% / 1h	8m 16s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$11.56
Price spread: +0.065% → +0.097%: −$3.25
Slippage, 4 orders: −$2,085
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$2,121.81
Costs to cover: 21.070%
Break-even: never at this rate

Slippage from KuCoin: live order book, 51 min ago; QFEX: live order book, 4 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, 51 min ago	24.58 bp	1078.1 bp −$1,078	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	27.29 bp	32.9 bp −$33	43.5 bp −$435	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
Aster WMTUSDT	0.0000%	8h	108.00	−0.053%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.13	+0.068%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.16	+0.097%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.04	−0.019%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.32	+0.241%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.07	+0.009%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.10	+0.037%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.14	+0.075%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.13	+0.067%	$556	$135K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.33	+0.250%	$5K	$348K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.148%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0045%	1h	108.13	+0.065%	$1.1M	$2.6M	10x
KuCoin WMTUSDTMlong	+0.0100%	8h	108.06	long leg	$34K	$557K	20x
SunX WMT-USDT	+0.0100%	8h	108.16	+0.093%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0913%	4h	108.14	+0.071%	$15K	$254K	10x	as long as short