Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.011%

Price spread now: QFEX against Bybit−0.121%7-day average −0.055% · 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−$86as in the Price arb table

costs, in and out, $10k−$790.792% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.121%, 7d avg −0.055%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.066% cheaper against Bybit than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of −0.055%). If the spread goes back, that is −$7 on $10k: about 7.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WMTUSDT	107.67	0	get 0.0000% / 8h	38m 04s	$118K	$12K	50x
Short	QFEX WMT-USD	107.54	0.0029	get 0.0004% / 1h	38m 04s	$1.1M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $6.1
Price spread: −0.121% → −0.055%: −$6.57
Slippage, 4 orders: −$58.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$79.64
Costs to cover: 0.792%
Break-even: 98.4 days

Slippage from Bybit: live order book, 22 min ago; QFEX: live order book, 4 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 Bybit live order book, 22 min ago	10.22 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.86 bp	6.9 bp −$7	15.0 bp −$150	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	−0.0981%	4h	107.52	−0.138%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.35	−0.297%	$4K	$71	20x	as long as short
Bybit WMTUSDTlong	0.0000%	8h	107.67	long leg	$118K	$12K	50x
Gate WMT_USDT	0.0000%	8h	107.46	−0.195%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.53	−0.130%	$540K	$122K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	108.22	+0.511%	$5K	$348K	20x	as long as short
QFEX WMT-USDshort	+0.0029%	1h	107.54	−0.121%	$1.1M	$2.7M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.789%	$3K	$26K	12x	as long as short
OKX WMT-USDT-SWAP	+0.0052%	8h	107.58	−0.084%	$82K	$34K	20x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.53	−0.130%	$33K	$837K	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	107.54	−0.121%	$2K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0499%	8h	107.52	−0.138%	$61K	$79K	—	as long as short
Binance WMTUSDT	+0.0741%	8h	107.55	−0.113%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0744%	1h	107.53	−0.129%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0904%	8h	107.50	−0.159%	$111	$127K	10x	as long as short