Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0810%/8h= −88.7% APRpaid last 24h −0.128%

Price spread now: Bybit against edgeX+0.090%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on edgeX Short on Bybit

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)−0.189%−$19 · spread now +0.090%, 7d avg +0.058%

Together, before fees−0.171%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.032% dearer against edgeX than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.058%): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours.

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	107.52	0.0810	pay 0.0405% / 4h	1h 29m	$15K	$256K	10x
Short	Bybit WMTUSDT	107.62	0	get 0.0000% / 8h	5h 29m	$118K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$170.11
Price spread: +0.090% → +0.058%: $3.24
Slippage, 4 orders: −$56.44
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$243.31
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from edgeX: live order book, 33 min ago; Bybit: live order book, 15 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, 33 min ago	6.97 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	4.18 bp	27.6 bp −$28	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
Aster WMTUSDT	0.0000%	8h	107.42	−0.094%	$4K	$71	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	107.62	+0.090%	$118K	$12K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	107.63	+0.099%	$82K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.47	−0.050%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.49	−0.031%	$541K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.53	+0.010%	$490	$125K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.29	−0.217%	$5K	$351K	20x	as long as short
QFEX WMT-USD	+0.0017%	1h	107.52	−0.003%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.654%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.48	−0.040%	$33K	$718K	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	+0.016%	$1K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0208%	8h	107.52	0.000%	$61K	$77K	—	as long as short
Binance WMTUSDT	+0.0352%	8h	107.54	+0.016%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0360%	1h	107.51	−0.013%	$23K	$115K	10x	as long as short
edgeX WMTUSDClong	+0.0810%	4h	107.52	long leg	$15K	$256K	10x