Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0698%/8h= −76.5% APRpaid last 24h −0.003%

Price spread now: QFEX against Binance−0.011%7-day average −0.014% · 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−$38as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.024%−$2 on $10k

Price spread, last 2 days (all we have)+0.001%$0 · spread now −0.011%, 7d avg −0.014%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.024% in total (about -2.6% 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	107.53	0.0727	pay 0.0727% / 8h	41m 39s	$1.6M	$1.1M	20x
Short	QFEX WMT-USD	107.52	0.0029	get 0.0004% / 1h	41m 39s	$1.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$146.67
Price spread: −0.011% → −0.014%: $0.29
Slippage, 4 orders: −$17.83
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$184.21
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; QFEX: live order book, 6 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 QFEX live order book, 6 min ago	1.86 bp	6.9 bp −$7	14.0 bp −$140	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 WMTUSDC	−0.0162%	4h	107.51	−0.017%	$15K	$256K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.35	−0.174%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.66	+0.119%	$118K	$12K	50x	as long as short
Gate WMT_USDT	0.0000%	8h	107.47	−0.058%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.52	−0.011%	$540K	$122K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	108.11	+0.538%	$5K	$348K	20x	as long as short
QFEX WMT-USDshort	+0.0029%	1h	107.52	−0.011%	$1.1M	$2.7M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.662%	$3K	$26K	12x	as long as short
OKX WMT-USDT-SWAP	+0.0043%	8h	107.58	+0.045%	$82K	$34K	20x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.51	−0.020%	$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	−0.011%	$2K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0482%	8h	107.52	−0.010%	$61K	$79K	—	as long as short
Binance WMTUSDTlong	+0.0727%	8h	107.53	long leg	$1.6M	$1.1M	20x
Extended WMT-USD	+0.0728%	1h	107.51	−0.018%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0902%	8h	107.53	−0.001%	$111	$127K	10x	as long as short