Funding arb · Price arb /

WAL

all WAL markets

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: Gate against Bitget−0.146%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1691.688% of the position

Long on Bitget Short on Gate

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)+0.037%+$4 · spread now −0.146%, 7d avg −0.123%

Together, before fees+0.186%+$19 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: Gate is 0.023% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WALUSDT	0.03427	0.0100	pay 0.0050% / 4h	3h 44m	$586K	$869K	20x
Short	Gate WAL_USDT	0.03422	0.0100	get 0.0050% / 4h	3h 44m	$291K	$422K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.123%: −$2.26
Slippage, 4 orders: −$141.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$171.02
Costs to cover: 1.688%
Break-even: never at this rate

Slippage from Bitget: live order book, 26 min ago; Gate: live order book, 26 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, 26 min ago	2.92 bp	23.1 bp −$23	94.7 bp −$947	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	5.85 bp	59.2 bp −$59	doesn't fit	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 WALUSDT	+0.0100%	4h	0.03425	−0.049%	$2.2M	$6.3M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03425	−0.058%	$1.3M	$1.5M	25x	as long as short
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03421	−0.175%	$220K	$854K	10x	as long as short
Gate WAL_USDTshort	+0.0100%	4h	0.03422	−0.146%	$291K	$422K	50x
MEXC WAL_USDT	+0.0100%	4h	0.03424	−0.088%	$562K	$269K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03425	−0.058%	$341K	$71K	30x	as long as short
Bitget WALUSDTlong	+0.0100%	4h	0.03427	long leg	$586K	$869K	20x
BingX WAL-USDT	+0.0100%	4h	0.03428	+0.029%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03423	−0.118%	$20K	$7K	—	as long as short
Bluefin WAL-PERP	+0.0198%	1h	0.03427	0.000%	$32K	$760K	20x	as long as short