Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.011%

Price spread now: Bitget against QFEX0.000%7-day average −0.030% · 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−$50as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now 0.000%, 7d avg −0.030%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.030% dearer against QFEX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.030%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.01	0.0013	pay 0.0002% / 1h	52m 21s	$1.1M	$2.6M	10x
Short	Bitget WMTUSDT	108.01	0	get 0.0000% / 8h	52m 21s	$542K	$94K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$2.72
Price spread: 0.000% → −0.030%: $2.99
Slippage, 4 orders: −$31.1
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.83
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Bitget: live order book, 48 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, 5 min ago	2.78 bp	7.8 bp −$8	21.5 bp −$215	doesn't fit	doesn't fit
Sell Bitget live order book, 48 min ago	1.85 bp	21.3 bp −$21	70.0 bp −$700	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
edgeX WMTUSDC	−0.0145%	4h	108.02	+0.010%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.94	−0.066%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.00	−0.008%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.03	+0.019%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.10	+0.083%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.03	+0.019%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.95	−0.056%	$809K	$28K	25x	as long as short
Bitget WMTUSDTshort	0.0000%	8h	108.01	0.000%	$542K	$94K	50x
Variational Omni WMT	0.0000%	8h	108.02	+0.009%	$61K	$75K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.03	+0.014%	$360	$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	108.54	+0.491%	$5K	$345K	20x	as long as short
QFEX WMT-USDlong	+0.0013%	1h	108.01	long leg	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.102%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.96	−0.046%	$34K	$511K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.03	+0.019%	$1K	$2.9M	10x	as long as short