Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.090%

Price spread now: Injective against Binance−1.221%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

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—needs both histories

Funding pays, the price is against you. Injective is 1.221% cheaper against Binance than usual: you would sell low and buy high (spread −1.221% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$122 on $10k: about 4 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WMTUSDT	108.14	0	get 0.0000% / 8h	2h 02m	$1.6M	$1.1M	20x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	2m 52s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.221%Rate

Funding earned: $7
Price spread: −1.221% → 0.000%: −$122.06
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$125.08
Costs to cover: 0.100%
Break-even: 132.1 days

Slippage unknown: Binance: live order book, 15 min ago; Injective: 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 Binance live order book, 15 min ago	0.93 bp	14.5 bp −$15	61.5 bp −$615	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0660%	4h	108.13	−0.008%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	108.02	−0.115%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.11	−0.030%	$23K	$115K	10x	as long as short
Binance WMTUSDTlong	0.0000%	8h	108.14	long leg	$1.6M	$1.1M	20x
Bybit WMTUSDT	0.0000%	8h	108.12	−0.018%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.32	+0.166%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.08	−0.055%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.11	−0.028%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.14	+0.001%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.14	+0.002%	$111	$134K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX WMT-USDT	0.0000%	8h	108.33	+0.176%	$5K	$347K	20x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−1.221%	$3K	$26K	12x
QFEX WMT-USD	+0.0045%	1h	108.14	0.000%	$1.1M	$2.6M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	108.05	−0.083%	$34K	$554K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.15	+0.009%	$1K	$2.9M	10x	as long as short