Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h −0.128%

Price spread now: Bitget against edgeX+0.010%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.010%, 7d avg −0.039%

Together, before fees−0.053%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bitget is 0.048% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.039%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% 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	edgeX WMTUSDC	107.46	−0.0380	get 0.0190% / 4h	1h 05m	$15K	$255K	10x
Short	Bitget WMTUSDT	107.47	0	get 0.0000% / 8h	5h 05m	$540K	$93K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: $79.75
Price spread: +0.010% → −0.039%: $4.84
Slippage, 4 orders: −$41.7
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $21.89
Costs to cover: 0.627%
Break-even: 5.1 days

Slippage from edgeX: live order book, 57 min ago; Bitget: live order book, 55 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 edgeX live order book, 57 min ago	6.97 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 55 min ago	0.93 bp	18.4 bp −$18	92.2 bp −$922	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 WMTUSDClong	−0.0380%	4h	107.46	long leg	$15K	$255K	10x
Aster WMTUSDT	0.0000%	8h	107.35	−0.098%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.55	+0.084%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.49	+0.028%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.37	−0.083%	$813K	$26K	25x	as long as short
Bitget WMTUSDTshort	0.0000%	8h	107.47	+0.010%	$540K	$93K	50x
GRVT WMT_USDT_Perp	0.0000%	8h	107.49	+0.028%	$461	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.84	+0.354%	$5K	$352K	20x	as long as short
QFEX WMT-USD	+0.0017%	1h	107.44	−0.018%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.595%	$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	107.42	−0.037%	$33K	$695K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.47	+0.010%	$2K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0129%	8h	107.45	−0.005%	$61K	$76K	—	as long as short
Extended WMT-USD	+0.0264%	1h	107.44	−0.015%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0267%	8h	107.47	+0.014%	$1.6M	$1.0M	20x	as long as short