Funding arb · Price arb /

WMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against SunX−1.129%61s7-day average — · you buy dearer than you sell

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

Long on SunX Short on Injective

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 Injective is 1.129% cheaper against SunX than usual: you would sell low and buy high (−$113 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WMT-USDT	108.04	0.0100	pay 0.0100% / 8h	1h 14m	$2K	$2.9M	10x
Short	Injective WMT/USDC PERP	106.82	0.0033	get 0.0004% / 1h	14m 11s	$3K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −1.129%Rate

Funding earned: −$14
Price spread: −1.129% → 0.000%: −$112.92
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$134.94
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Injective: 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 SunX live order book, 3 min ago	45.82 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	107.93	−0.103%	$4K	$76	20x	as long as short
Extended WMT-USD	0.0000%	1h	107.99	−0.048%	$23K	$115K	10x	as long as short
Binance WMTUSDT	0.0000%	8h	108.02	−0.020%	$1.6M	$1.1M	20x	as long as short
Bybit WMTUSDT	0.0000%	8h	108.09	+0.046%	$120K	$15K	50x	as long as short
OKX WMT-USDT-SWAP	0.0000%	8h	108.03	−0.009%	$81K	$35K	20x	as long as short
Gate WMT_USDT	0.0000%	8h	107.95	−0.083%	$809K	$28K	25x	as long as short
Bitget WMTUSDT	0.0000%	8h	108.02	−0.019%	$543K	$94K	50x	as long as short
Variational Omni WMT	0.0000%	8h	108.03	−0.013%	$61K	$76K	—	as long as short
GRVT WMT_USDT_Perp	0.0000%	8h	108.01	−0.028%	$381	$135K	10x	as long as short
HTX WMT-USDT	0.0000%	8h	108.36	+0.296%	$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
QFEX WMT-USD	+0.0032%	1h	108.02	−0.019%	$1.1M	$2.6M	10x	as long as short
Injective WMT/USDC PERPshort	+0.0033%	1h	106.82	−1.129%	$3K	$26K	12x
KuCoin WMTUSDTM	+0.0100%	8h	107.94	−0.093%	$34K	$511K	20x	as long as short
SunX WMT-USDTlong	+0.0100%	8h	108.04	long leg	$2K	$2.9M	10x
edgeX WMTUSDC	+0.0500%	4h	108.01	−0.024%	$15K	$256K	10x	as long as short