Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0913%/8h= −100.0% APRpaid last 24h −0.001%

Price spread now: edgeX against Gate+0.045%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$351as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3323.319% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.045%, 7d avg +0.030%

Together, before fees−0.161%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: −$27 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 -0.189% in total (about -9.9% 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	Gate WMT_USDT	107.53	0	get 0.0000% / 8h	1h 47m	$815K	$21K	25x
Short	edgeX WMTUSDC	107.58	−0.0913	pay 0.0457% / 4h	1h 47m	$15K	$255K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$191.83
Price spread: +0.045% → +0.030%: $1.48
Slippage, 4 orders: −$307.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$522.27
Costs to cover: 3.319%
Break-even: never at this rate

Slippage from Gate: live order book, 35 min ago; edgeX: live order book, 35 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, 35 min ago	2.33 bp	170.1 bp −$170	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 35 min ago	7.91 bp	21.7 bp −$22	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 WMTUSDCshort	−0.0913%	4h	107.58	+0.045%	$15K	$255K	10x
Aster WMTUSDT	0.0000%	8h	107.37	−0.153%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.69	+0.149%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.58	+0.046%	$82K	$34K	20x	as long as short
Gate WMT_USDTlong	0.0000%	8h	107.53	long leg	$815K	$21K	25x
Bitget WMTUSDT	0.0000%	8h	107.56	+0.028%	$539K	$120K	50x	as long as short
HTX WMT-USDT	0.0000%	8h	108.24	+0.660%	$6K	$347K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.660%	$3K	$26K	12x	as long as short
QFEX WMT-USD	+0.0041%	1h	107.54	+0.009%	$1.1M	$2.5M	10x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.62	+0.084%	$33K	$889K	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	107.58	+0.046%	$1K	$3.0M	10x	as long as short
Variational Omni WMT	+0.0183%	8h	107.57	+0.042%	$61K	$79K	—	as long as short
Binance WMTUSDT	+0.0460%	8h	107.58	+0.050%	$1.6M	$1.1M	20x	as long as short
Extended WMT-USD	+0.0464%	1h	107.57	+0.037%	$23K	$115K	10x	as long as short
GRVT WMT_USDT_Perp	+0.0703%	8h	107.61	+0.076%	$539	$128K	10x	as long as short