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 +0.055%

Price spread now: Variational Omni against Injective+1.120%76s7-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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 1.120% dearer against Injective than usual: you sell high and buy low (spread +1.120% now, against zero (this spread has no 7-day history yet)): +$112 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 76 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	0m 08s	$3K	$26K	12x
Short	Variational Omni WMT	108.02	0	get 0.0000% / 8h	1h 00m	$61K	$75K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +1.120%Rate

Funding earned: −$7
Price spread: +1.120% → 0.000%: $111.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $104.95
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Variational Omni: 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Injective and Variational Omni: 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	−0.0375%	4h	108.01	+1.114%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.97	+1.079%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.97	+1.073%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.00	+1.105%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.13	+1.226%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.03	+1.133%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.96	+1.067%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.03	+1.133%	$543K	$94K	50x	as long as short
Variational Omni WMTshort	0.0000%	8h	108.02	+1.120%	$61K	$75K	—
GRVT WMT_USDT_Perp	0.0000%	8h	108.03	+1.133%	$365	$134K	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	108.55	+1.620%	$5K	$344K	20x	as long as short
QFEX WMT-USD	+0.0032%	1h	108.02	+1.123%	$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	107.97	+1.077%	$34K	$511K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.03	+1.133%	$1K	$2.9M	10x	as long as short