Funding arb · Price arb /

WMT

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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 +0.071%

Price spread now: Binance against OKX−0.158%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.158% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WMT-USDT-SWAP	108.20	0	get 0.0000% / 8h	1h 26m	$81K	$35K	20x
Short	Binance WMTUSDT	108.03	0	get 0.0000% / 8h	1h 26m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → 0.000%: −$15.79
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: no order-book sample; Binance: live order book, 7 min ago. 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 OKX no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.93 bp	9.4 bp −$9	45.7 bp −$457	doesn't fit	doesn't fit

OKX: 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	−0.0075%	4h	108.02	−0.170%	$15K	$253K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.95	−0.229%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.00	−0.182%	$23K	$115K	10x	as long as short
Binance WMTUSDTshort	0.0000%	8h	108.03	−0.158%	$1.6M	$1.1M	20x
Bybit WMTUSDT	0.0000%	8h	108.10	−0.092%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAPlong	0.0000%	8h	108.20	long leg	$81K	$35K	20x
Gate WMT_USDT	0.0000%	8h	107.96	−0.222%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.02	−0.166%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.01	−0.175%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.05	−0.139%	$676	$135K	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	108.34	+0.129%	$5K	$345K	20x	as long as short
QFEX WMT-USD	+0.0032%	1h	108.01	−0.176%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.275%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.93	−0.250%	$34K	$523K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.02	−0.166%	$1K	$2.9M	10x	as long as short