Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin+0.065%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,735as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,740as in the Price arb table

costs, in and out, $10k−$1,73517.348% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.065%, 7d avg +0.115%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.050% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WMTUSDTM	107.33	0.0100	pay 0.0100% / 8h	4h 33m	$34K	$671K	20x
Short	SunX WMT-USDT	107.40	0.0100	get 0.0100% / 8h	4h 33m	$1K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.115%: −$5.02
Slippage, 4 orders: −$1,714.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1,739.86
Costs to cover: 17.348%
Break-even: never at this rate

Slippage from KuCoin: live order book, 50 min ago; SunX: 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, 50 min ago	12.10 bp	771.7 bp −$772	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	46.09 bp	65.1 bp −$65	doesn't fit	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	−0.0428%	4h	107.39	+0.051%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.34	+0.007%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.52	+0.177%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	+0.205%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.34	+0.009%	$813K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.42	+0.084%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.41	+0.073%	$440	$128K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.70	+0.345%	$5K	$352K	20x	as long as short
QFEX WMT-USD	+0.0010%	1h	107.39	+0.056%	$1.1M	$2.7M	10x	as long as short
Variational Omni WMT	+0.0033%	8h	107.38	+0.043%	$60K	$76K	—	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	−0.475%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTMlong	+0.0100%	8h	107.33	long leg	$34K	$671K	20x
SunX WMT-USDTshort	+0.0100%	8h	107.40	+0.065%	$1K	$2.9M	10x
Binance WMTUSDT	+0.0155%	8h	107.42	+0.084%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0160%	1h	107.39	+0.059%	$23K	$115K	10x	as long as short