WMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against SunX−0.065%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$499as in the Funding arb table

Net, price: spread back to 7d avg − costs−$481as in the Price arb table

costs, in and out, $10k−$4784.783% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now −0.065%, 7d avg −0.038%

Together, before fees−0.492%−$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.027% cheaper against SunX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WMT-USDT	107.54	0.0100	pay 0.0100% / 8h	5h 30m	$1K	$2.9M	10x
Short	Gate WMT_USDT	107.47	0	get 0.0000% / 8h	5h 30m	$814K	$20K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.065%Rate

Funding earned: −$21
Price spread: −0.065% → −0.038%: −$2.72
Slippage, 4 orders: −$455.34
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$502.06
Costs to cover: 4.783%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Gate: live order book, 31 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 SunX live order book, 7 min ago	46.04 bp	64.4 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	3.72 bp	336.6 bp −$337	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	107.42	−0.114%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.61	+0.065%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.63	+0.084%	$82K	$33K	20x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.47	−0.065%	$814K	$20K	25x
Bitget WMTUSDT	0.0000%	8h	107.49	−0.046%	$541K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.52	−0.019%	$490	$125K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.11	+0.530%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0017%	1h	107.52	−0.019%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.670%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.48	−0.056%	$33K	$719K	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-USDTlong	+0.0100%	8h	107.54	long leg	$1K	$2.9M	10x
Variational Omni WMT	+0.0208%	8h	107.52	−0.016%	$61K	$77K	—	as long as short
Binance WMTUSDT	+0.0357%	8h	107.54	−0.002%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0360%	1h	107.50	−0.033%	$23K	$115K	10x	as long as short
edgeX WMTUSDC	+0.0810%	4h	107.52	−0.016%	$15K	$256K	10x	as long as short