Funding arb · Price arb /

WAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX0.000%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1071.067% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 7 days−0.024%−$2 · spread now 0.000%, 7d avg −0.034%

Together, before fees+0.218%+$22 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: Binance is 0.034% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WAL-USDT	0.03450	0.0100	pay 0.0050% / 4h	2h 00m	—	$6.6M	—
Short	Binance WALUSDT	0.03450	0.0100	get 0.0050% / 4h	2h 00m	$2.3M	$6.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.034%: $3.41
Slippage, 4 orders: −$86.69
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$103.28
Costs to cover: 1.067%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Binance: live order book, 8 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 BingX live order book, 6 min ago	4.33 bp	24.9 bp −$25	76.5 bp −$765	542.8 bp −$54.3K	doesn't fit
Sell Binance live order book, 8 min ago	2.89 bp	27.0 bp −$27	102.6 bp −$1,026	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 WALUSDT	−0.0065%	4h	0.03452	+0.058%	$1.4M	$1.7M	25x	as long as short
Binance WALUSDTshort	+0.0100%	4h	0.03450	0.000%	$2.3M	$6.6M	75x
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03448	−0.058%	$216K	$1.0M	10x	as long as short
Gate WAL_USDT	+0.0100%	4h	0.03448	−0.058%	$290K	$601K	50x	as long as short
MEXC WAL_USDT	+0.0100%	4h	0.03450	0.000%	$570K	$291K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03444	−0.174%	$321K	$56K	30x	as long as short
Bitget WALUSDT	+0.0100%	4h	0.03450	0.000%	$575K	$922K	20x	as long as short
BingX WAL-USDTlong	+0.0100%	4h	0.03450	long leg	—	$6.6M	—
Variational Omni WAL	+0.0100%	4h	0.03450	−0.004%	$20K	$14K	—	as long as short
Bluefin WAL-PERP	+0.0100%	1h	0.03455	+0.145%	$30K	$634K	20x	as long as short