Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.011%

Price spread now: Gate against QFEX−0.056%7-day average −0.024% · 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−$286as in the Price arb table

costs, in and out, $10k−$2832.830% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.056%, 7d avg −0.024%

Together, before fees+0.025%+$2 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 Gate is 0.032% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.53	0.0029	pay 0.0004% / 1h	41m 52s	$1.1M	$2.7M	10x
Short	Gate WMT_USDT	107.47	0	get 0.0000% / 8h	41m 52s	$814K	$20K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: −$6.1
Price spread: −0.056% → −0.024%: −$3.19
Slippage, 4 orders: −$258
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$292.29
Costs to cover: 2.830%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Gate: live order book, 35 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	1.86 bp	6.9 bp −$7	14.4 bp −$144	doesn't fit	doesn't fit
Sell Gate live order book, 35 min ago	2.33 bp	253.1 bp −$253	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	−0.0162%	4h	107.51	−0.015%	$15K	$256K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.35	−0.167%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.67	+0.130%	$118K	$12K	50x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.47	−0.056%	$814K	$20K	25x
Bitget WMTUSDT	0.0000%	8h	107.53	0.000%	$540K	$122K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	108.11	+0.539%	$5K	$348K	20x	as long as short
QFEX WMT-USDlong	+0.0029%	1h	107.53	long leg	$1.1M	$2.7M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.660%	$3K	$26K	12x	as long as short
OKX WMT-USDT-SWAP	+0.0040%	8h	107.58	+0.046%	$82K	$34K	20x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.51	−0.019%	$33K	$840K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX WMT-USDT	+0.0100%	8h	107.52	−0.009%	$2K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0482%	8h	107.52	−0.008%	$61K	$79K	—	as long as short
Binance WMTUSDT	+0.0726%	8h	107.54	+0.005%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0728%	1h	107.52	−0.013%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0899%	8h	107.55	+0.019%	$111	$127K	10x	as long as short