Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0502%/8h= +55.0% APRpaid last 24h −0.098%

Price spread now: SunX against edgeX+0.014%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1561.562% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.228%+$23 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.014%, 7d avg +0.008%

Together, before fees+0.379%+ Points / potential airdropedgeX: Active · farm board+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$15 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 0.228% in total (about 11.9% 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	107.45	−0.0402	get 0.0201% / 4h	1h 01m	$15K	$256K	10x
Short	SunX WMT-USDT	107.47	0.0100	get 0.0100% / 8h	5h 01m	$2K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $105.39
Price spread: +0.014% → +0.008%: $0.58
Slippage, 4 orders: −$139.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$50.23
Costs to cover: 1.562%
Break-even: 10.3 days

Slippage from edgeX: live order book, 61 min ago; SunX: live order book, 6 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, 61 min ago	6.97 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	45.59 bp	64.7 bp −$65	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
edgeX WMTUSDClong	−0.0402%	4h	107.45	long leg	$15K	$256K	10x
Aster WMTUSDT	0.0000%	8h	107.35	−0.099%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.56	+0.098%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.49	+0.033%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.38	−0.070%	$813K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.47	+0.014%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.42	−0.032%	$570	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.95	+0.461%	$5K	$352K	20x	as long as short
QFEX WMT-USD	+0.0017%	1h	107.43	−0.023%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.591%	$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	107.40	−0.051%	$33K	$692K	20x	as long as short
SunX WMT-USDTshort	+0.0100%	8h	107.47	+0.014%	$2K	$2.9M	10x
Variational Omni WMT	+0.0129%	8h	107.45	−0.001%	$61K	$76K	—	as long as short
Extended WMT-USD	+0.0248%	1h	107.44	−0.013%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0252%	8h	107.47	+0.014%	$1.6M	$1.0M	20x	as long as short