Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.121%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1911.911% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.121%, 7d avg +0.082%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.039% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WMT_USDT	107.68	0	get 0.0000% / 8h	3h 24m	$815K	$26K	25x
Short	Bybit WMTUSDT	107.81	0	get 0.0000% / 8h	3h 24m	$119K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.082%: $3.86
Slippage, 4 orders: −$165.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$187.2
Costs to cover: 1.911%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; Bybit: live order book, 10 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 Gate live order book, 27 min ago	4.19 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	9.28 bp	37.3 bp −$37	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 WMTUSDC	−0.0924%	4h	107.68	+0.002%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.66	−0.020%	$4K	$71	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.75	+0.064%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	107.79	+0.099%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	107.81	+0.121%	$119K	$12K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	107.78	+0.093%	$81K	$33K	20x	as long as short
Gate WMT_USDTlong	0.0000%	8h	107.68	long leg	$815K	$26K	25x
Bitget WMTUSDT	0.0000%	8h	107.76	+0.074%	$542K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.71	+0.023%	$60K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.67	−0.014%	$633	$130K	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	108.42	+0.687%	$5K	$350K	20x	as long as short
QFEX WMT-USD	+0.0008%	1h	107.76	+0.074%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.799%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.68	0.000%	$34K	$609K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.76	+0.074%	$2K	$2.9M	10x	as long as short