Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.054%

Price spread now: Variational Omni against QFEX+0.001%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX WMT-USD	108.00	0.0032	pay 0.0004% / 1h	21m 36s	$1.1M	$2.6M	10x
Short	Variational Omni WMT	108.00	0	get 0.0000% / 8h	1h 21m	$61K	$76K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.001%Rate

Funding earned: −$6.74
Price spread: +0.001% → 0.000%: $0.1
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.63
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 11 min ago; Variational Omni: 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, 11 min ago	6.48 bp	11.5 bp −$11	14.2 bp −$142	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
edgeX WMTUSDC	−0.0476%	4h	108.01	+0.010%	$15K	$254K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.96	−0.039%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.99	−0.005%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.02	+0.019%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.11	+0.102%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.03	+0.028%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.92	−0.074%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.01	+0.009%	$543K	$94K	50x	as long as short
Variational Omni WMTshort	0.0000%	8h	108.00	+0.001%	$61K	$76K	—
GRVT WMT_USDT_Perp	0.0000%	8h	108.02	+0.019%	$392	$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	108.37	+0.343%	$5K	$345K	20x	as long as short
QFEX WMT-USDlong	+0.0032%	1h	108.00	long leg	$1.1M	$2.6M	10x
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.093%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.93	−0.065%	$35K	$518K	20x	as long as short
SunX WMT-USDT	+0.0100%	8h	108.02	+0.019%	$2K	$2.9M	10x	as long as short