Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.019%

Price spread now: KuCoin against QFEX−0.074%7-day average −0.097% · 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−$2,128as in the Price arb table

costs, in and out, $10k−$2,13021.304% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.074%, 7d avg −0.097%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.022% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	107.97	0.0013	pay 0.0002% / 1h	31m 52s	$1.1M	$2.6M	10x
Short	KuCoin WMTUSDTM	107.89	0.0100	get 0.0100% / 8h	31m 52s	$34K	$513K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.074%Rate

Funding earned: $18.28
Price spread: −0.074% → −0.097%: $2.24
Slippage, 4 orders: −$2,108.37
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2,109.85
Costs to cover: 21.304%
Break-even: 815.0 days

Slippage from QFEX: live order book, 6 min ago; KuCoin: live order book, 2 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	76.86 bp	81.9 bp −$82	84.7 bp −$847	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.88 bp	811.2 bp −$811	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 WMTUSDC	−0.0243%	4h	107.99	+0.022%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.91	−0.059%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.98	+0.011%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.01	+0.039%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.07	+0.093%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.12	+0.139%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.93	−0.037%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.98	+0.009%	$544K	$95K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.99	+0.018%	$61K	$75K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.00	+0.027%	$110	$135K	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	108.28	+0.287%	$5K	$344K	20x	as long as short
QFEX WMT-USDlong	+0.0013%	1h	107.97	long leg	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.065%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTMshort	+0.0100%	8h	107.89	−0.074%	$34K	$513K	20x
SunX WMT-USDT	+0.0100%	8h	108.00	+0.028%	$1K	$2.9M	10x	as long as short