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: QFEX against SunX−0.065%7-day average −0.015% · 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−$152as in the Price arb table

costs, in and out, $10k−$1471.471% of the position

Long on SunX Short on QFEX

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)−0.027%−$3 · spread now −0.065%, 7d avg −0.015%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.050% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WMT-USDT	108.16	0.0100	pay 0.0100% / 8h	2h 10m	$1K	$2.9M	10x
Short	QFEX WMT-USD	108.09	0.0045	get 0.0006% / 1h	10m 58s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$11.56
Price spread: −0.065% → −0.015%: −$4.97
Slippage, 4 orders: −$129.11
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$163.63
Costs to cover: 1.471%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; QFEX: live order book, 7 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	46.24 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.39 bp	9.4 bp −$9	19.3 bp −$193	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	107.99	−0.162%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.12	−0.037%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.15	−0.010%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.04	−0.111%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.35	+0.176%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.03	−0.120%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.11	−0.046%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.10	−0.053%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.10	−0.055%	$566	$135K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.30	+0.129%	$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	−1.239%	$3K	$26K	12x	as long as short
QFEX WMT-USDshort	+0.0045%	1h	108.09	−0.065%	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	108.07	−0.083%	$35K	$560K	20x	as long as short
SunX WMT-USDTlong	+0.0100%	8h	108.16	long leg	$1K	$2.9M	10x
edgeX WMTUSDC	+0.0480%	4h	108.08	−0.073%	$15K	$254K	10x	as long as short