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 −0.011%

Price spread now: Bybit against QFEX+0.074%53s7-day average +0.058% · 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—prices read too far apart to compare

costs, in and out, $10k−$1301.296% of the position

Long on QFEX Short on Bybit

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)−0.123%−$12 · spread now +0.074%, 7d avg +0.058%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 53 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	QFEX WMT-USD	108.15	0.0045	pay 0.0006% / 1h	6m 46s	$1.1M	$2.6M	10x
Short	Bybit WMTUSDT	108.23	0	get 0.0000% / 8h	2h 06m	$119K	$14K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$9.44
Price spread: +0.074% → +0.058%: $1.55
Slippage, 4 orders: −$108.56
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$137.44
Costs to cover: 1.296%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, 23 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, 6 min ago	27.29 bp	33.5 bp −$33	43.7 bp −$437	doesn't fit	doesn't fit
Sell Bybit live order book, 23 min ago	9.71 bp	36.0 bp −$36	doesn't fit	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	−0.117%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.14	−0.010%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.17	+0.018%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	108.23	+0.074%	$119K	$14K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	108.32	+0.157%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.11	−0.037%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.11	−0.037%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.14	−0.008%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.13	−0.016%	$556	$135K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.53	+0.351%	$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	−1.230%	$3K	$26K	12x	as long as short
QFEX WMT-USDlong	+0.0045%	1h	108.15	long leg	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	108.04	−0.102%	$34K	$555K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.17	+0.018%	$1K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0913%	4h	108.14	−0.012%	$15K	$254K	10x	as long as short