Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0257%/8h= +28.2% APRpaid last 24h −0.032%

Price spread now: Extended against edgeX−0.006%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

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

costs, in and out, $10k−$590.591% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.006%, 7d avg −0.019%

Together, before fees+0.119%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% 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	edgeX WMTUSDC	108.01	−0.0257	get 0.0129% / 4h	1h 17m	$15K	$255K	10x
Short	Extended WMT-USD	108.00	0	get 0.0000% / 1h	17m 31s	$23K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.006%Rate

Funding earned: $54.07
Price spread: −0.006% → −0.019%: $1.28
Slippage, 4 orders: −$45.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$3.77
Costs to cover: 0.591%
Break-even: 7.5 days

Slippage from edgeX: live order book, 25 min ago; Extended: live order book, 23 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, 25 min ago	6.02 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 23 min ago	1.39 bp	16.4 bp −$16	75.6 bp −$756	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	−0.0257%	4h	108.01	long leg	$15K	$255K	10x
Aster WMTUSDT	0.0000%	8h	107.96	−0.044%	$4K	$76	20x	as long as short
Extended WMT-USDshort	0.0000%	1h	108.00	−0.006%	$23K	$115K	10x
Binance WMTUSDT	0.0000%	8h	108.03	+0.021%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.12	+0.106%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.03	+0.022%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.95	−0.052%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.01	+0.004%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.00	−0.004%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.01	+0.004%	$381	$135K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX WMT-USDT	0.0000%	8h	108.38	+0.346%	$5K	$344K	20x	as long as short
QFEX WMT-USD	+0.0032%	1h	108.01	+0.004%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.098%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.95	−0.052%	$34K	$515K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.02	+0.013%	$2K	$2.9M	10x	as long as short