Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.2% APRpaid last 24h −0.053%

Price spread now: QFEX against Variational Omni−0.004%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WMT	107.45	0.0129	pay 0.0129% / 8h	5h 04m	$61K	$76K	—
Short	QFEX WMT-USD	107.45	0.0017	get 0.0002% / 1h	4m 13s	$1.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Variational Omni. 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 Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$23.43
Price spread: −0.004% → 0.000%: −$0.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; QFEX: live order book, 3 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	27.45 bp	33.4 bp −$33	37.8 bp −$378	doesn't fit	doesn't fit

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 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	−0.0380%	4h	107.46	+0.005%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.36	−0.090%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.57	+0.108%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.49	+0.033%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.37	−0.078%	$813K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.47	+0.015%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.49	+0.033%	$461	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.08	+0.583%	$5K	$352K	20x	as long as short
QFEX WMT-USDshort	+0.0017%	1h	107.45	−0.004%	$1.1M	$2.7M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.590%	$3K	$26K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WMTUSDTM	+0.0100%	8h	107.42	−0.032%	$33K	$694K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.47	+0.015%	$2K	$2.9M	10x	as long as short
Variational Omni WMTlong	+0.0129%	8h	107.45	long leg	$61K	$76K	—
Binance WMTUSDT	+0.0264%	8h	107.47	+0.016%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0264%	1h	107.44	−0.010%	$23K	$115K	10x	as long as short