Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRnext payment −$1.00 per $10,000 · paid last 24h −0.065%
Price spread now: Bybit against Binance+0.118%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$257as in the Price arb table
costs, in and out, $10k−$2562.564% of the position
Funding, last 7 days−0.303%−$30 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now +0.118%, 7d avg +0.121%
=The price spread sits at its 7-day average of +0.121%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WALUSDT | 0.03392 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $2.2M | $5.9M | 75x |
| Short | Bybit WALUSDT | 0.03396 | −0.0099 | pay 0.0050% / 4h | 2h 41m | $1.4M | $1.4M | 25x |
Binance WALUSDT
Bybit WALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.82
- Price spread: +0.118% → +0.121%
- −$0.28
- Slippage, 4 orders
- −$235.41
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$298.52
- Costs to cover
- 2.564%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 5 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, 12 min ago | 2.96 bp | 26.5 bp −$26 | 117.4 bp −$1,174 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.89 bp | 101.3 bp −$101 | 438.7 bp −$4,387 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit WALUSDTshort | −0.0099% | 4h | 0.03396 | +0.118% | $1.4M | $1.4M | 25x | |
| Binance WALUSDTlong | +0.0100% | 4h | 0.03392 | long leg | $2.2M | $5.9M | 75x | |
| OKX WAL-USDT-SWAP | +0.0100% | 4h | 0.03389 | −0.088% | $216K | $789K | 10x | as long as short |
| Gate WAL_USDT | +0.0100% | 4h | 0.03388 | −0.118% | $291K | $380K | 50x | as long as short |
| MEXC WAL_USDT | +0.0100% | 4h | 0.03392 | 0.000% | $547K | $270K | 20x | as long as short |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03397 | +0.147% | $339K | $75K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03395 | +0.088% | $565K | $788K | 20x | as long as short |
| BingX WAL-USDT | +0.0100% | 4h | 0.03393 | +0.029% | — | $6.6M | — | as long as short |
| Variational Omni WAL | +0.0100% | 4h | 0.03396 | +0.118% | $19K | $8K | — | as long as short |
| Bluefin WAL-PERP | +0.0100% | 1h | 0.03396 | +0.118% | $32K | $746K | 20x | as long as short |
OKX WAL-USDT-SWAP
Gate WAL_USDT
MEXC WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
BingX WAL-USDT
Variational Omni WAL
Bluefin WAL-PERP