Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h +0.071%

Price spread now: edgeX against QFEX+0.008%57s7-day average +0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$910.911% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.008%, 7d avg +0.007%

Together, before fees−0.024%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.040% in total (about -4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.02	0.0032	pay 0.0004% / 1h	40m 00s	$1.1M	$2.6M	10x
Short	edgeX WMTUSDC	108.03	0.0328	get 0.0164% / 4h	1h 40m	$15K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $62.12
Price spread: +0.008% → +0.007%: $0.17
Slippage, 4 orders: −$72.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$28.86
Costs to cover: 0.911%
Break-even: 10.3 days

Slippage from QFEX: live order book, 2 min ago; edgeX: live order book, 2 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, 2 min ago	27.31 bp	33.2 bp −$33	34.8 bp −$348	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	6.02 bp	12.6 bp −$13	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
Aster WMTUSDT	0.0000%	8h	107.96	−0.057%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.01	−0.005%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.02	+0.004%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.03	+0.009%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.20	+0.167%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.98	−0.037%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.03	+0.009%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.03	+0.006%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.05	+0.028%	$687	$136K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.30	+0.259%	$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	108.02	long leg	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.111%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	108.00	−0.019%	$34K	$536K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.03	+0.009%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDCshort	+0.0328%	4h	108.03	+0.008%	$15K	$256K	10x