Funding you earn now, next payment 02:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.062%
Price spread now: BingX against Bluefin−0.087%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$3463.460% of the position
Funding, last 7 days+1.207%+$121 on $10k
+Price spread, last 3 days (all we have)−0.321%−$32 · spread now −0.087%, 7d avg −0.164%
=The price spread pays, funding is against you. BingX is 0.077% dearer against Bluefin than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.164%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +1.207%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin WAL-PERP | 0.03448 | 0.0217 | pay 0.0027% / 1h | 6m 21s | $32K | $781K | 20x |
| Short | BingX WAL-USDT | 0.03445 | 0.0100 | get 0.0050% / 4h | 2h 06m | — | $6.6M | — |
Bluefin WAL-PERP
BingX WAL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bluefin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.55
- Price spread: −0.087% → −0.164%
- $7.69
- Slippage, 4 orders
- −$328.96
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$362.81
- Costs to cover
- 3.460%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 63 min ago; BingX: live order book, 15 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 Bluefin live order book, 63 min ago | 2.86 bp | 159.0 bp −$159 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 5.79 bp | 24.8 bp −$25 | 85.7 bp −$857 | 543.7 bp −$54.4K | 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 | 0.03448 | +0.005% | $2.3M | $6.5M | 75x | as long as short |
| Bybit WALUSDT | +0.0100% | 4h | 0.03446 | −0.058% | $1.3M | $1.7M | 25x | as long as short |
| OKX WAL-USDT-SWAP | +0.0100% | 4h | 0.03446 | −0.058% | $214K | $948K | 10x | as long as short |
| Gate WAL_USDT | +0.0100% | 4h | 0.03442 | −0.174% | $290K | $490K | 50x | as long as short |
| MEXC WAL_USDT | +0.0100% | 4h | 0.03447 | −0.029% | $585K | $290K | 20x | as long as short |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03449 | +0.029% | $343K | $70K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03448 | 0.000% | $586K | $895K | 20x | as long as short |
| BingX WAL-USDTshort | +0.0100% | 4h | 0.03445 | −0.087% | — | $6.6M | — | |
| Variational Omni WAL | +0.0100% | 4h | 0.03450 | +0.055% | $22K | $8K | — | as long as short |
| Bluefin WAL-PERPlong | +0.0217% | 1h | 0.03448 | long leg | $32K | $781K | 20x |
Binance WALUSDT
Bybit WALUSDT
OKX WAL-USDT-SWAP
Gate WAL_USDT
MEXC WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
Variational Omni WAL