Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.089%

Price spread now: Binance against QFEX−0.010%7-day average +0.043% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 7 days+0.054%+$5 · spread now −0.010%, 7d avg +0.043%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.053% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.108%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.03	0.0032	pay 0.0004% / 1h	41m 36s	$1.1M	$2.6M	10x
Short	Binance WMTUSDT	108.02	0	get 0.0000% / 8h	1h 41m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: −$6.74
Price spread: −0.010% → +0.043%: −$5.33
Slippage, 4 orders: −$24.51
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.59
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Binance: live order book, 7 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 QFEX live order book, 6 min ago	6.48 bp	11.5 bp −$11	14.7 bp −$147	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.46 bp	9.9 bp −$10	49.8 bp −$498	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	107.97	−0.052%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.03	−0.003%	$23K	$115K	10x	as long as short
Binance WMTUSDTshort	0.0000%	8h	108.02	−0.010%	$1.6M	$1.1M	20x
Bybit WMTUSDT	0.0000%	8h	108.04	+0.009%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.05	+0.019%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.95	−0.074%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.03	0.000%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.04	+0.006%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.05	+0.019%	$687	$136K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.64	+0.565%	$5K	$346K	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-USDlong	+0.0032%	1h	108.03	long leg	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.120%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	108.00	−0.028%	$34K	$536K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.02	−0.009%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0328%	4h	108.03	−0.001%	$15K	$256K	10x	as long as short