Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8hnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Variational Omni against KuCoin+0.060%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 0.060% dearer against KuCoin than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WMTUSDTM	107.51	0.0100	pay 0.0100% / 8h	4h 23m	$33K	$937K	20x
Short	Variational Omni WMT	107.57	0	get 0.0000% / 8h	4h 23m	$61K	$79K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. 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 KuCoinbpFee Variational OmnibpOrdersPrice spread, now +0.060%Rate

Funding earned: −$21
Price spread: +0.060% → 0.000%: $6
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; 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 KuCoin live order book, 5 min ago	19.08 bp	358.9 bp −$359	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

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
Aster WMTUSDT	0.0000%	8h	107.59	+0.073%	$4K	$71	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.60	+0.087%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	107.61	+0.093%	$1.6M	$1.0M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.70	+0.177%	$118K	$13K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.68	+0.158%	$81K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.53	+0.019%	$815K	$21K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.58	+0.065%	$539K	$120K	50x	as long as short
Variational Omni WMTshort	0.0000%	8h	107.57	+0.060%	$61K	$79K	—
GRVT WMT_USDT_Perp	0.0000%	8h	107.56	+0.047%	$1K	$138K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.17	+0.614%	$6K	$346K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.642%	$3K	$26K	12x	as long as short
QFEX WMT-USD	+0.0043%	1h	107.60	+0.084%	$1.1M	$1.7M	10x	as long as short
KuCoin WMTUSDTMlong	+0.0100%	8h	107.51	long leg	$33K	$937K	20x
SunX WMT-USDT	+0.0100%	8h	107.59	+0.074%	$963	$3.0M	10x	as long as short
edgeX WMTUSDC	+0.0934%	4h	107.59	+0.071%	$15K	$254K	10x	as long as short