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: OKX against Bitget0.000%7-day average −0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1801.799% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.099%

Together, before fees+0.143%+$14 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: OKX is 0.099% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WALUSDT	0.03434	0.0100	pay 0.0050% / 4h	2h 09m	$583K	$896K	20x
Short	OKX WAL-USDT-SWAP	0.03434	0.0100	get 0.0050% / 4h	2h 09m	$213K	$944K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.099%: $9.91
Slippage, 4 orders: −$157.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$170.04
Costs to cover: 1.799%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; OKX: live order book, 57 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, 56 min ago	4.30 bp	31.7 bp −$32	196.2 bp −$1,962	doesn't fit	doesn't fit
Sell OKX live order book, 57 min ago	5.74 bp	59.5 bp −$60	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	0.03435	+0.035%	$2.3M	$6.6M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03436	+0.058%	$1.3M	$1.7M	25x	as long as short
OKX WAL-USDT-SWAPshort	+0.0100%	4h	0.03434	0.000%	$213K	$944K	10x
Gate WAL_USDT	+0.0100%	4h	0.03433	−0.029%	$291K	$486K	50x	as long as short
MEXC WAL_USDT	+0.0100%	4h	0.03436	+0.058%	$583K	$290K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03438	+0.116%	$342K	$70K	30x	as long as short
Bitget WALUSDTlong	+0.0100%	4h	0.03434	long leg	$583K	$896K	20x
BingX WAL-USDT	+0.0100%	4h	0.03437	+0.087%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03450	+0.463%	$22K	$8K	—	as long as short
Bluefin WAL-PERP	+0.0214%	1h	0.03442	+0.233%	$32K	$781K	20x	as long as short