Funding arb · Price arb /

WAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: BingX against Binance+0.059%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.322%−$32 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.059%, 7d avg +0.036%

Together, before fees−0.310%−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.023% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WALUSDT	0.03390	0.0100	pay 0.0050% / 4h	35m 28s	$2.2M	$6.1M	75x
Short	BingX WAL-USDT	0.03392	0.0100	get 0.0050% / 4h	35m 28s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.036%: $2.3
Slippage, 4 orders: −$76.73
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.43
Costs to cover: 0.967%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; BingX: 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 Binance live order book, 3 min ago	2.94 bp	24.3 bp −$24	102.4 bp −$1,024	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.95 bp	21.5 bp −$21	80.9 bp −$809	545.2 bp −$54.5K	905.4 bp −$452.7K

WAL on 10 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
Binance WALUSDTlong	+0.0100%	4h	0.03390	long leg	$2.2M	$6.1M	75x
Bybit WALUSDT	+0.0100%	4h	0.03392	+0.059%	$1.3M	$1.5M	25x	as long as short
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03388	−0.059%	$218K	$825K	10x	as long as short
Gate WAL_USDT	+0.0100%	4h	0.03388	−0.059%	$294K	$406K	50x	as long as short
MEXC WAL_USDT	+0.0100%	4h	0.03391	+0.029%	$557K	$269K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03399	+0.265%	$339K	$72K	30x	as long as short
Bitget WALUSDT	+0.0100%	4h	0.03397	+0.206%	$562K	$839K	20x	as long as short
BingX WAL-USDTshort	+0.0100%	4h	0.03392	+0.059%	—	$6.6M	—
Variational Omni WAL	+0.0100%	4h	0.03392	+0.062%	$20K	$7K	—	as long as short
Bluefin WAL-PERP	+0.0339%	1h	0.03394	+0.118%	$32K	$755K	20x	as long as short