Funding you earn now, next payment 08:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.84 per $10,000 · paid last 24h −0.058%
Price spread now: Bybit against Gate+0.176%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$2102.097% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.176%, 7d avg +0.117%
=The price spread pays, funding is against you. Bybit is 0.058% dearer against Gate than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of +0.117%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate WAL_USDT | 0.03417 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $288K | $585K | 50x |
| Short | Bybit WALUSDT | 0.03423 | −0.0067 | pay 0.0034% / 4h | 2h 32m | $1.4M | $1.7M | 25x |
Gate WAL_USDT
Bybit WALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$35.13
- Price spread: +0.176% → +0.117%
- $5.83
- Slippage, 4 orders
- −$183.75
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$239.05
- Costs to cover
- 2.097%
- Break-even
- never at this rate
Slippage from Gate: live order book, 13 min ago; Bybit: live order book, 9 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 Gate live order book, 13 min ago | 4.33 bp | 57.7 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 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 | −0.0067% | 4h | 0.03423 | +0.176% | $1.4M | $1.7M | 25x | |
| OKX WAL-USDT-SWAP | +0.0092% | 4h | 0.03419 | +0.059% | $218K | $1.0M | 10x | as long as short |
| Binance WALUSDT | +0.0100% | 4h | 0.03421 | +0.117% | $2.3M | $6.7M | 75x | as long as short |
| Gate WAL_USDTlong | +0.0100% | 4h | 0.03417 | long leg | $288K | $585K | 50x | |
| MEXC WAL_USDT | +0.0100% | 4h | 0.03421 | +0.117% | $564K | $285K | 20x | as long as short |
| KuCoin WALUSDTM | +0.0100% | 4h | 0.03420 | +0.088% | $327K | $56K | 30x | as long as short |
| Bitget WALUSDT | +0.0100% | 4h | 0.03423 | +0.176% | $591K | $930K | 20x | as long as short |
| BingX WAL-USDT | +0.0100% | 4h | 0.03420 | +0.088% | — | $6.6M | — | as long as short |
| Variational Omni WAL | +0.0100% | 4h | 0.03435 | +0.540% | $20K | $14K | — | as long as short |
| Bluefin WAL-PERP | +0.0100% | 1h | 0.03417 | 0.000% | $30K | $637K | 20x | as long as short |
OKX WAL-USDT-SWAP
Binance WALUSDT
MEXC WAL_USDT
KuCoin WALUSDTM
Bitget WALUSDT
BingX WAL-USDT
Variational Omni WAL
Bluefin WAL-PERP