WMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against SunX+0.074%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1971.969% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.074%, 7d avg +0.052%

Together, before fees−0.393%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.022% dearer against SunX than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of +0.052%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WMT-USDT	107.99	0.0100	pay 0.0100% / 8h	17m 14s	$1K	$2.9M	10x
Short	Bybit WMTUSDT	108.07	0	get 0.0000% / 8h	17m 14s	$120K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$21
Price spread: +0.074% → +0.052%: $2.24
Slippage, 4 orders: −$177.92
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$215.69
Costs to cover: 1.969%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Bybit: 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 SunX live order book, 10 min ago	46.29 bp	64.2 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.94 bp	35.7 bp −$36	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	−0.0673%	4h	107.99	−0.003%	$15K	$255K	10x	as long as short
Aster WMTUSDT	0.0000%	8h	107.89	−0.093%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.96	−0.028%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	107.99	+0.002%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDTshort	0.0000%	8h	108.07	+0.074%	$120K	$15K	50x
OKX WMT-USDT-SWAP	0.0000%	8h	108.12	+0.120%	$81K	$34K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.93	−0.056%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	107.97	−0.019%	$545K	$95K	50x	as long as short
Variational Omni WMT	0.0000%	8h	107.99	−0.004%	$61K	$75K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.01	+0.018%	$862	$136K	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	108.15	+0.148%	$5K	$345K	20x	as long as short
QFEX WMT-USD	+0.0013%	1h	107.99	0.000%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERP	+0.0033%	1h	106.82	−1.083%	$3K	$26K	12x	as long as short
KuCoin WMTUSDTM	+0.0100%	8h	107.90	−0.083%	$33K	$516K	20x	as long as short
SunX WMT-USDTlong	+0.0100%	8h	107.99	long leg	$1K	$2.9M	10x