Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.090%

Price spread now: Binance against Injective+1.151%57s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

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

The price spread pays, funding is against you. Binance is 1.151% dearer against Injective than usual: you sell high and buy low (spread +1.151% now, against zero (this spread has no 7-day history yet)): +$115 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. The two prices were read 57 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	Injective WMT/USDC PERP	106.82	0.0033	pay 0.0004% / 1h	54m 26s	$3K	$26K	12x
Short	Binance WMTUSDT	108.05	0	get 0.0000% / 8h	1h 54m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +1.151%Rate

Funding earned: −$7
Price spread: +1.151% → 0.000%: $115.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $98.13
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Binance: live order book, 9 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.93 bp	12.3 bp −$12	44.7 bp −$447	doesn't fit	doesn't fit

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	−0.0176%	4h	108.11	+1.211%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.98	+1.086%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.02	+1.125%	$23K	$115K	10x	as long as short
Binance WMTUSDTshort	0.0000%	8h	108.05	+1.151%	$1.6M	$1.1M	20x
Bybit WMTUSDT	0.0000%	8h	108.17	+1.264%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.19	+1.283%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.02	+1.123%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.04	+1.142%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.09	+1.185%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.11	+1.206%	$397	$135K	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	108.52	+1.591%	$5K	$346K	20x	as long as short
QFEX WMT-USD	+0.0032%	1h	108.03	+1.133%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERPlong	+0.0033%	1h	106.82	long leg	$3K	$26K	12x
KuCoin WMTUSDTM	+0.0100%	8h	108.02	+1.123%	$34K	$546K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.04	+1.142%	$1K	$2.9M	10x	as long as short