Funding arb · Price arb /

WMT

RWAall WMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.020%

Price spread now: SunX against QFEX0.000%7-day average +0.029% · 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−$250as in the Price arb table

costs, in and out, $10k−$2472.470% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.356%+$36 · spread now 0.000%, 7d avg +0.029%

Together, before fees+0.457%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.029% cheaper against QFEX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.029%). If the spread goes back, that is −$3 on $10k: about 38 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.09	0.0039	pay 0.0005% / 1h	36m 31s	$1.1M	$2.6M	10x
Short	SunX WMT-USDT	108.09	0.0100	get 0.0100% / 8h	7h 36m	$2K	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $12.78
Price spread: 0.000% → +0.029%: −$2.88
Slippage, 4 orders: −$228.95
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$237.04
Costs to cover: 2.470%
Break-even: 136.8 days

Slippage from QFEX: live order book, 6 min ago; SunX: live order book, 11 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	52.27 bp	59.0 bp −$59	60.2 bp −$602	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	46.27 bp	64.8 bp −$65	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	−0.0324%	4h	108.08	−0.008%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.95	−0.125%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	108.07	−0.019%	$23K	$89K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.10	+0.007%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.12	+0.028%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.09	0.000%	$81K	$32K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	108.01	−0.074%	$810K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.01	−0.074%	$545K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.08	−0.012%	$61K	$61K	—	as long as short
HTX WMT-USDT	0.0000%	8h	108.67	+0.537%	$5K	$344K	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	−1.175%	$3K	$26K	12x	as long as short
QFEX WMT-USDlong	+0.0039%	1h	108.09	long leg	$1.1M	$2.6M	10x
KuCoin WMTUSDTM	+0.0100%	8h	107.98	−0.102%	$34K	$534K	20x	as long as short
SunX WMT-USDTshort	+0.0100%	8h	108.09	0.000%	$2K	$2.8M	10x
GRVT WMT_USDT_Perp	+0.0432%	8h	108.07	−0.017%	$130	$136K	10x	as long as short