Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0076%/8h= −8.4% APRpaid last 24h +0.002%

Price spread now: OKX against QFEX−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.037% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.09	0.0076	pay 0.0010% / 1h	57m 21s	$1.1M	$2.5M	10x
Short	OKX WMT-USDT-SWAP	108.05	0	get 0.0000% / 8h	6h 57m	$81K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$16.04
Price spread: −0.037% → 0.000%: −$3.7
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.74
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; OKX: no order-book sample. Net counts fees only.

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	52.27 bp	59.0 bp −$59	60.2 bp −$602	doesn't fit	doesn't fit
Sell OKX no order-book sample	—	—	—	—	—

OKX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	107.96	−0.123%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.07	−0.018%	$23K	$89K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.10	+0.009%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.14	+0.046%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAPshort	0.0000%	8h	108.05	−0.037%	$81K	$31K	20x
Gate WMT_USDT	0.0000%	8h	108.02	−0.065%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.06	−0.028%	$546K	$92K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.10	+0.005%	$60K	$63K	—	as long as short
HTX WMT-USDT	0.0000%	8h	108.40	+0.287%	$5K	$343K	20x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.175%	$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
QFEX WMT-USDlong	+0.0076%	1h	108.09	long leg	$1.1M	$2.5M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.99	−0.093%	$34K	$574K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.10	+0.009%	$1K	$2.7M	10x	as long as short
GRVT WMT_USDT_Perp	+0.0574%	8h	108.09	−0.003%	$610	$134K	10x	as long as short
edgeX WMTUSDC	+0.0578%	4h	108.08	−0.005%	$15K	$254K	10x	as long as short