WMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0513%/8h= −56.2% APRnext payment −$5.13 per $10,000 · paid last 24h −0.070%

Price spread now: SunX against Binance−0.037%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1531.531% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 2 days (all we have)+0.043%+$4 · spread now −0.037%, 7d avg −0.001%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.037% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.13 per $10,000. 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	107.48	0.0613	pay 0.0613% / 8h	6h 39m	$1.6M	$1.0M	20x
Short	SunX WMT-USDT	107.44	0.0100	get 0.0100% / 8h	6h 39m	$2K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$107.71
Price spread: −0.037% → −0.001%: −$3.65
Slippage, 4 orders: −$135.12
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$264.49
Costs to cover: 1.531%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; SunX: live order book, 8 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, 9 min ago	1.40 bp	13.0 bp −$13	43.2 bp −$432	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	46.54 bp	65.6 bp −$66	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 WMTUSDC	−0.0314%	4h	107.42	−0.052%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.41	−0.068%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.58	+0.093%	$118K	$12K	50x	as long as short
Gate WMT_USDT	0.0000%	8h	107.41	−0.065%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.39	−0.084%	$540K	$94K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.43	−0.045%	$280	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.06	+0.540%	$5K	$349K	20x	as long as short
OKX WMT-USDT-SWAP	+0.0011%	8h	107.55	+0.065%	$82K	$33K	20x	as long as short
QFEX WMT-USD	+0.0019%	1h	107.43	−0.047%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.614%	$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	107.46	−0.019%	$33K	$761K	20x	as long as short
SunX WMT-USDTshort	+0.0100%	8h	107.44	−0.037%	$2K	$2.9M	10x
Variational Omni WMT	+0.0437%	8h	107.43	−0.048%	$61K	$77K	—	as long as short
Binance WMTUSDTlong	+0.0613%	8h	107.48	long leg	$1.6M	$1.0M	20x
Extended WMT-USD	+0.0616%	1h	107.45	−0.024%	$23K	$115K	10x	as long as short