Funding you earn now, next payment 06:00 UTC−0.0225%/8h= −24.6% APRpaid last 24h −0.077%
Price spread now: Bybit against Bluefin−0.174%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3763.759% of the position
Funding, last 7 days+1.238%+$124 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.174%, 7d avg −0.114%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.060% cheaper against Bluefin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.114%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.238%, 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 | 0.03439 | 0.0100 | pay 0.0013% / 1h | 39m 55s | $30K | $636K | 20x |
| Short | Bybit WALUSDT | 0.03433 | −0.0125 | pay 0.0062% / 4h | 2h 39m | $1.4M | $1.8M | 25x |
Bluefin WAL-PERP
Bybit WALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$47.17
- Price spread: −0.174% → −0.114%
- −$6.05
- Slippage, 4 orders
- −$357.94
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$429.15
- Costs to cover
- 3.759%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 9 min ago; Bybit: live order book, 1 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, 9 min ago | 2.88 bp | 165.0 bp −$165 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.36 bp | 44.3 bp −$44 | 386.6 bp −$3,866 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit WALUSDTshort | −0.0125% | 4h | 0.03433 | −0.174% | $1.4M | $1.8M | 25x | |
| OKX WAL-USDT-SWAP | +0.0076% | 4h | 0.03429 | −0.291% | $219K | $1.0M | 10x | as long as short |
| Binance WALUSDT | +0.0100% | 4h | 0.03430 | −0.265% | $2.3M | $6.7M | 75x | as long as short |
| Gate WAL_USDT | +0.0100% | 4h | 0.03430 | −0.262% | $291K | $579K | 50x | as long as short |
| MEXC WAL_USDT | +0.0100% | 4h | 0.03430 | −0.262% | $565K | $284K | 20x | as long as short |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03434 | −0.145% | $328K | $56K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03431 | −0.233% | $593K | $932K | 20x | as long as short |
| BingX WAL-USDT | +0.0100% | 4h | 0.03431 | −0.233% | — | $6.6M | — | as long as short |
| Variational Omni WAL | +0.0100% | 4h | 0.03439 | −0.001% | $20K | $14K | — | as long as short |
| Bluefin WAL-PERPlong | +0.0100% | 1h | 0.03439 | long leg | $30K | $636K | 20x |
OKX WAL-USDT-SWAP
Binance WALUSDT
Gate WAL_USDT
MEXC WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
BingX WAL-USDT
Variational Omni WAL