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: MEXC against Bitget+0.059%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Bitget Short on MEXC

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)−0.072%−$7 · spread now +0.059%, 7d avg −0.068%

Together, before fees+0.076%+$8 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: MEXC is 0.126% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WALUSDT	0.03416	0.0100	pay 0.0050% / 4h	2h 55m	$581K	$880K	20x
Short	MEXC WAL_USDT	0.03418	0.0100	get 0.0050% / 4h	2h 55m	$582K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.068%: $12.65
Slippage, 4 orders: −$67.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.56
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Bitget: live order book, 10 min ago; MEXC: 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 Bitget live order book, 10 min ago	4.30 bp	31.7 bp −$32	196.2 bp −$1,962	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	4.34 bp	10.8 bp −$11	56.9 bp −$569	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	0.03417	+0.029%	$2.3M	$6.4M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03415	−0.029%	$1.3M	$1.6M	25x	as long as short
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03414	−0.059%	$218K	$896K	10x	as long as short
Gate WAL_USDT	+0.0100%	4h	0.03415	−0.029%	$289K	$447K	50x	as long as short
MEXC WAL_USDTshort	+0.0100%	4h	0.03418	+0.059%	$582K	$279K	20x
KuCoin WALUSDTM	+0.0100%	4h	0.03418	+0.059%	$340K	$70K	30x	as long as short
Bitget WALUSDTlong	+0.0100%	4h	0.03416	long leg	$581K	$880K	20x
BingX WAL-USDT	+0.0100%	4h	0.03414	−0.059%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03412	−0.118%	$21K	$8K	—	as long as short
Bluefin WAL-PERP	+0.0283%	1h	0.03416	0.000%	$32K	$764K	20x	as long as short