Funding you earn now, next payment 01:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.074%
Price spread now: Gate against Bluefin−0.116%7-day average −0.239% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$341as in the Price arb table
costs, in and out, $10k−$3533.535% of the position
Funding, last 7 days+1.460%+$146 on $10k
+Price spread, last 3 days (all we have)−0.433%−$43 · spread now −0.116%, 7d avg −0.239%
=The price spread pays, funding is against you. Gate is 0.123% dearer against Bluefin than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.239%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 7 days funding on this pair paid +1.460%, 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 | 0.03444 | 0.0174 | pay 0.0022% / 1h | 42m 27s | $32K | $759K | 20x |
| Short | Gate WAL_USDT | 0.03440 | 0.0100 | get 0.0050% / 4h | 3h 42m | $290K | $423K | 50x |
Bluefin WAL-PERP
Gate WAL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$15.6
- Price spread: −0.116% → −0.239%
- $12.3
- Slippage, 4 orders
- −$331.48
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$356.78
- Costs to cover
- 3.535%
- Break-even
- never at this rate
Slippage from Bluefin: live order book, 32 min ago; Gate: live order book, 28 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, 32 min ago | 2.93 bp | 132.6 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 28 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 | 0.03442 | −0.054% | $2.3M | $6.3M | 75x | as long as short |
| Bybit WALUSDT | +0.0100% | 4h | 0.03443 | −0.029% | $1.3M | $1.5M | 25x | as long as short |
| OKX WAL-USDT-SWAP | +0.0100% | 4h | 0.03438 | −0.174% | $221K | $858K | 10x | as long as short |
| Gate WAL_USDTshort | +0.0100% | 4h | 0.03440 | −0.116% | $290K | $423K | 50x | |
| MEXC WAL_USDT | +0.0100% | 4h | 0.03441 | −0.087% | $565K | $269K | 20x | as long as short |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03442 | −0.058% | $343K | $71K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03445 | +0.029% | $589K | $869K | 20x | as long as short |
| BingX WAL-USDT | +0.0100% | 4h | 0.03442 | −0.058% | — | $6.6M | — | as long as short |
| Variational Omni WAL | +0.0100% | 4h | 0.03423 | −0.611% | $20K | $7K | — | as long as short |
| Bluefin WAL-PERPlong | +0.0174% | 1h | 0.03444 | long leg | $32K | $759K | 20x |
Binance WALUSDT
Bybit WALUSDT
OKX WAL-USDT-SWAP
MEXC WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
BingX WAL-USDT
Variational Omni WAL