Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.011%

Price spread now: Gate against QFEX−0.046%7-day average −0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$395as in the Price arb table

costs, in and out, $10k−$3933.929% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.046%, 7d avg −0.023%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.024% cheaper against QFEX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.57	0.0008	pay 0.0001% / 1h	44m 45s	$1.1M	$2.6M	10x
Short	Gate WMT_USDT	107.52	0	get 0.0000% / 8h	3h 44m	$814K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$1.7
Price spread: −0.046% → −0.023%: −$2.35
Slippage, 4 orders: −$367.94
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$396.99
Costs to cover: 3.929%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Gate: live order book, 7 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, 8 min ago	128.88 bp	133.9 bp −$134	142.7 bp −$1,427	doesn't fit	doesn't fit
Sell Gate live order book, 7 min ago	4.19 bp	31.8 bp −$32	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	107.48	−0.080%	$4K	$71	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	107.67	+0.093%	$118K	$12K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	107.55	−0.019%	$81K	$33K	20x	as long as short
Gate WMT_USDTshort	0.0000%	8h	107.52	−0.046%	$814K	$26K	25x
Bitget WMTUSDT	0.0000%	8h	107.59	+0.019%	$541K	$93K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.57	−0.004%	$61K	$74K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	107.50	−0.066%	$829	$129K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	107.86	+0.270%	$5K	$351K	20x	as long as short
QFEX WMT-USDlong	+0.0008%	1h	107.57	long leg	$1.1M	$2.6M	10x
Binance WMTUSDT	+0.0024%	8h	107.59	+0.019%	$1.6M	$1.1M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WMT-USD	+0.0024%	1h	107.56	−0.009%	$23K	$115K	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−0.697%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.54	−0.028%	$34K	$627K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	107.57	0.000%	$2K	$2.9M	10x	as long as short
edgeX WMTUSDC	+0.0195%	4h	107.57	−0.004%	$15K	$256K	10x	as long as short