Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.054%

Price spread now: Variational Omni against QFEX+0.072%47s7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.072% dearer against QFEX than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.72	0.0080	pay 0.0010% / 1h	46m 45s	$1.1M	$2.4M	10x
Short	Variational Omni WMT	107.80	0	get 0.0000% / 8h	5h 46m	$59K	$63K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.072%Rate

Funding earned: −$16.8
Price spread: +0.072% → 0.000%: $7.2
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 4 min ago; Variational Omni: no order-book sample. 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 QFEX live order book, 4 min ago	52.41 bp	60.8 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 exchanges

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	−0.0145%	4h	107.80	+0.072%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.79	+0.062%	$4K	$76	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.78	+0.056%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.99	+0.251%	$83K	$35K	10x	as long as short
Gate WMT_USDT	0.0000%	8h	107.68	−0.037%	$807K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.73	+0.009%	$552K	$100K	50x	as long as short
Variational Omni WMTshort	0.0000%	8h	107.80	+0.072%	$59K	$63K	—
HTX WMT-USDT	0.0000%	8h	107.78	+0.056%	$5K	$341K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.835%	$3K	$26K	12x	as long as short
Binance WMTUSDT	+0.0040%	8h	107.74	+0.019%	$1.6M	$1.1M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WMT-USD	+0.0040%	1h	107.71	−0.013%	$23K	$89K	10x	as long as short
QFEX WMT-USDlong	+0.0080%	1h	107.72	long leg	$1.1M	$2.4M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.73	+0.009%	$34K	$645K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.76	+0.037%	$1K	$2.6M	10x	as long as short
GRVT WMT_USDT_Perp	+0.0231%	8h	107.84	+0.111%	$759	$135K	10x	as long as short