Funding arb · Price arb /

WAL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.011%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1111.105% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.011%, 7d avg −0.069%

Together, before fees0.000%$0 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 0.081% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WALUSDT	0.03530	0.0100	pay 0.0050% / 4h	1h 22m	$613K	$916K	20x
Short	Binance WALUSDT	0.03530	0.0100	get 0.0050% / 4h	1h 22m	$2.4M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.069%: $8.06
Slippage, 4 orders: −$88.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.49
Costs to cover: 1.105%
Break-even: never at this rate

Slippage from Bitget: live order book, 38 min ago; Binance: live order book, 16 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 Bitget live order book, 38 min ago	2.89 bp	27.9 bp −$28	173.6 bp −$1,736	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.89 bp	28.7 bp −$29	110.7 bp −$1,107	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
Binance WALUSDTshort	+0.0100%	4h	0.03530	+0.011%	$2.4M	$6.7M	75x
Bybit WALUSDT	+0.0100%	4h	0.03531	+0.028%	$1.3M	$1.7M	25x	as long as short
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03528	−0.057%	$218K	$1.0M	10x	as long as short
Gate WAL_USDT	+0.0100%	4h	0.03527	−0.085%	$296K	$511K	50x	as long as short
MEXC WAL_USDT	+0.0100%	4h	0.03528	−0.057%	$599K	$289K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03531	+0.028%	$347K	$66K	30x	as long as short
Bitget WALUSDTlong	+0.0100%	4h	0.03530	long leg	$613K	$916K	20x
BingX WAL-USDT	+0.0100%	4h	0.03530	0.000%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03521	−0.261%	$23K	$9K	—	as long as short
Bluefin WAL-PERP	+0.0100%	1h	0.03533	+0.085%	$32K	$793K	20x	as long as short