Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h +0.090%

Price spread now: Binance against QFEX+0.009%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.109%+$11 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.009%, 7d avg +0.044%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.034% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.044%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.13	0.0045	pay 0.0006% / 1h	5m 31s	$1.1M	$2.6M	10x
Short	Binance WMTUSDT	108.14	0	get 0.0000% / 8h	2h 05m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$9.44
Price spread: +0.009% → +0.044%: −$3.43
Slippage, 4 orders: −$23.93
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.8
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Binance: live order book, 13 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 QFEX live order book, 2 min ago	1.85 bp	7.2 bp −$7	15.9 bp −$159	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.93 bp	14.7 bp −$15	47.5 bp −$475	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
Aster WMTUSDT	0.0000%	8h	108.02	−0.103%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.11	−0.019%	$23K	$115K	10x	as long as short
Binance WMTUSDTshort	0.0000%	8h	108.14	+0.009%	$1.6M	$1.1M	20x
Bybit WMTUSDT	0.0000%	8h	108.21	+0.074%	$119K	$14K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.32	+0.176%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.10	−0.028%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.10	−0.028%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.14	+0.010%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.14	+0.011%	$111	$134K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.06	−0.065%	$5K	$348K	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	−1.212%	$3K	$26K	12x	as long as short
QFEX WMT-USDlong	+0.0045%	1h	108.13	long leg	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	108.05	−0.074%	$34K	$554K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.16	+0.028%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0128%	4h	108.15	+0.022%	$15K	$255K	10x	as long as short