Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.057%

Price spread now: KuCoin against edgeX+0.023%83s7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,735as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1,75517.547% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.023%, 7d avg −0.105%

Together, before fees+0.107%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.127% dearer against edgeX than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.105%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.201%, so the current rate has only just turned against you. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX WMTUSDC	107.95	0.0197	pay 0.0098% / 4h	2h 08m	$15K	$254K	10x
Short	KuCoin WMTUSDTM	107.97	0.0100	get 0.0100% / 8h	6h 08m	$34K	$624K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$20.36
Price spread: +0.023% → −0.105%: $12.73
Slippage, 4 orders: −$1,733.7
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,762.33
Costs to cover: 17.547%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; KuCoin: live order book, 37 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, 42 min ago	6.48 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 37 min ago	13.88 bp	723.2 bp −$723	doesn't fit	doesn't fit	doesn't fit

WMT on 15 exchanges

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	107.92	−0.027%	$4K	$76	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.00	+0.050%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.05	+0.097%	$81K	$32K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.88	−0.061%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.94	−0.005%	$550K	$99K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.95	0.000%	$60K	$63K	—	as long as short
HTX WMT-USDT	0.0000%	8h	108.39	+0.412%	$5K	$343K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.043%	$3K	$26K	12x	as long as short
Extended WMT-USD	+0.0064%	1h	107.94	−0.009%	$23K	$89K	10x	as long as short
Binance WMTUSDT	+0.0066%	8h	107.97	+0.023%	$1.6M	$1.1M	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX WMT-USD	+0.0076%	1h	107.96	+0.013%	$1.1M	$2.5M	10x	as long as short
KuCoin WMTUSDTMshort	+0.0100%	8h	107.97	+0.023%	$34K	$624K	20x
SunX WMT-USDT	+0.0100%	8h	107.97	+0.023%	$1K	$2.6M	10x	as long as short
edgeX WMTUSDClong	+0.0197%	4h	107.95	long leg	$15K	$254K	10x
GRVT WMT_USDT_Perp	+0.0375%	8h	108.00	+0.050%	$154	$133K	10x	as long as short