Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against HTX−0.697%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.697% cheaper against HTX than usual: you would sell low and buy high (spread −0.697% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$70 on $10k: about 2 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WMT-USDT	107.57	0	get 0.0000% / 8h	7h 04m	$5K	$348K	20x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	4m 59s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −0.697%Rate

Funding earned: $7
Price spread: −0.697% → 0.000%: −$69.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$74.74
Costs to cover: 0.120%
Break-even: 81.7 days

Slippage unknown: HTX: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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 HTX live order book, 3 min ago	13.48 bp	178.4 bp −$178	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0236%	4h	107.44	−0.119%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.35	−0.208%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.59	+0.019%	$118K	$12K	50x	as long as short
Gate WMT_USDT	0.0000%	8h	107.43	−0.130%	$814K	$20K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.46	−0.102%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.47	−0.094%	$590	$127K	10x	as long as short
HTX WMT-USDTlong	0.0000%	8h	107.57	long leg	$5K	$348K	20x
QFEX WMT-USD	+0.0030%	1h	107.45	−0.112%	$1.1M	$2.7M	10x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−0.697%	$3K	$26K	12x
OKX WMT-USDT-SWAP	+0.0055%	8h	107.63	+0.056%	$82K	$33K	20x	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	107.39	−0.167%	$34K	$777K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.45	−0.112%	$2K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0515%	8h	107.44	−0.121%	$61K	$76K	—	as long as short
Binance WMTUSDT	+0.0709%	8h	107.44	−0.119%	$1.6M	$1.0M	20x	as long as short
Extended WMT-USD	+0.0712%	1h	107.42	−0.143%	$23K	$115K	10x	as long as short