Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0889%/8h= −97.4% APRpaid last 24h −0.015%

Price spread now: edgeX against Binance−0.021%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 2 days (all we have)+0.014%+$1 · spread now −0.021%, 7d avg −0.009%

Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$27 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WMTUSDT	107.54	0.0727	pay 0.0727% / 8h	41m 13s	$1.6M	$1.1M	20x
Short	edgeX WMTUSDC	107.51	−0.0162	pay 0.0081% / 4h	41m 13s	$15K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$186.79
Price spread: −0.021% → −0.009%: −$1.21
Slippage, 4 orders: −$44.11
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$251.11
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; edgeX: live order book, 36 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 Binance live order book, 7 min ago	0.47 bp	11.4 bp −$11	43.7 bp −$437	doesn't fit	doesn't fit
Sell edgeX live order book, 36 min ago	8.37 bp	23.9 bp −$24	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
edgeX WMTUSDCshort	−0.0162%	4h	107.51	−0.021%	$15K	$256K	10x
Aster WMTUSDT	0.0000%	8h	107.35	−0.177%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.66	+0.116%	$118K	$12K	50x	as long as short
Gate WMT_USDT	0.0000%	8h	107.47	−0.061%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.52	−0.015%	$540K	$122K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	107.62	+0.078%	$5K	$348K	20x	as long as short
QFEX WMT-USD	+0.0029%	1h	107.52	−0.015%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.666%	$3K	$26K	12x	as long as short
OKX WMT-USDT-SWAP	+0.0043%	8h	107.58	+0.041%	$82K	$34K	20x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.51	−0.024%	$33K	$840K	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-USDT	+0.0100%	8h	107.52	−0.015%	$2K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0482%	8h	107.52	−0.013%	$61K	$79K	—	as long as short
Binance WMTUSDTlong	+0.0727%	8h	107.54	long leg	$1.6M	$1.1M	20x
Extended WMT-USD	+0.0728%	1h	107.51	−0.021%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0902%	8h	107.53	−0.005%	$111	$127K	10x	as long as short