Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.019%

Price spread now: KuCoin against QFEX−0.065%7-day average −0.097% · 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−$2,104as in the Price arb table

costs, in and out, $10k−$2,10721.070% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.065%, 7d avg −0.097%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.033% dearer against QFEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.13	0.0045	pay 0.0006% / 1h	7m 42s	$1.1M	$2.6M	10x
Short	KuCoin WMTUSDTM	108.06	0.0100	get 0.0100% / 8h	2h 07m	$34K	$557K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $11.56
Price spread: −0.065% → −0.097%: $3.25
Slippage, 4 orders: −$2,085
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2,092.19
Costs to cover: 21.070%
Break-even: 1274.1 days

Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 51 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, 5 min ago	27.29 bp	33.5 bp −$33	43.7 bp −$437	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	24.58 bp	962.6 bp −$963	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	108.01	−0.107%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.14	+0.006%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.17	+0.037%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.24	+0.102%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.32	+0.176%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.07	−0.055%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.11	−0.018%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.14	+0.010%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.13	+0.002%	$556	$135K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.33	+0.185%	$5K	$348K	20x	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	−1.212%	$3K	$26K	12x	as long as short
QFEX WMT-USDlong	+0.0045%	1h	108.13	long leg	$1.1M	$2.6M	10x
KuCoin WMTUSDTMshort	+0.0100%	8h	108.06	−0.065%	$34K	$557K	20x
SunX WMT-USDT	+0.0100%	8h	108.16	+0.028%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0913%	4h	108.14	+0.006%	$15K	$254K	10x	as long as short