Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h +0.117%

Price spread now: edgeX against QFEX+0.042%57s7-day average +0.007% · 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−$940.942% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.042%, 7d avg +0.007%

Together, before fees+0.060%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.035% dearer against QFEX than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.007%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.41	0.0017	pay 0.0002% / 1h	1m 54s	$1.1M	$2.7M	10x
Short	edgeX WMTUSDC	107.45	−0.0402	pay 0.0201% / 4h	1h 01m	$15K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$87.97
Price spread: +0.042% → +0.007%: $3.51
Slippage, 4 orders: −$75.18
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$178.64
Costs to cover: 0.942%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; edgeX: live order book, 61 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	27.45 bp	33.4 bp −$33	38.0 bp −$380	doesn't fit	doesn't fit
Sell edgeX live order book, 61 min ago	6.97 bp	13.7 bp −$14	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
edgeX WMTUSDCshort	−0.0402%	4h	107.45	+0.042%	$15K	$256K	10x
Aster WMTUSDT	0.0000%	8h	107.34	−0.063%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.56	+0.140%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.49	+0.074%	$81K	$33K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.38	−0.028%	$813K	$26K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.47	+0.056%	$540K	$93K	50x	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.45	+0.040%	$571	$126K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.12	+0.661%	$5K	$352K	20x	as long as short
QFEX WMT-USDlong	+0.0017%	1h	107.41	long leg	$1.1M	$2.7M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.549%	$3K	$26K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin WMTUSDTM	+0.0100%	8h	107.39	−0.019%	$33K	$692K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.47	+0.056%	$2K	$2.9M	10x	as long as short
Variational Omni WMT	+0.0129%	8h	107.45	+0.041%	$61K	$76K	—	as long as short
Extended WMT-USD	+0.0256%	1h	107.44	+0.031%	$23K	$115K	10x	as long as short
Binance WMTUSDT	+0.0256%	8h	107.47	+0.056%	$1.6M	$1.0M	20x	as long as short