Funding arb · Price arb /

WAL

all WAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.178%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$938as in the Funding arb table

Net, price: spread back to 7d avg − costs−$918as in the Price arb table

costs, in and out, $10k−$9339.328% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.178%, 7d avg +0.035%

Together, before fees−0.027%−$3 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: KuCoin is 0.143% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate WAL_USDT	0.03372	0.0100	pay 0.0050% / 4h	1h 12m	$290K	$391K	50x
Short	KuCoin WALUSDTM	0.03378	0.0100	get 0.0050% / 4h	1h 12m	$337K	$72K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.035%: $14.32
Slippage, 4 orders: −$905.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$918.46
Costs to cover: 9.328%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 58 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, 3 min ago	5.90 bp	58.3 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 58 min ago	17.67 bp	236.6 bp −$237	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	0.03380	+0.237%	$2.2M	$6.1M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03378	+0.178%	$1.3M	$1.5M	25x	as long as short
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03375	+0.089%	$215K	$795K	10x	as long as short
Gate WAL_USDTlong	+0.0100%	4h	0.03372	long leg	$290K	$391K	50x
MEXC WAL_USDT	+0.0100%	4h	0.03377	+0.148%	$555K	$269K	20x	as long as short
KuCoin WALUSDTMshort	+0.0100%	4h	0.03378	+0.178%	$337K	$72K	30x
Bitget WALUSDT	+0.0100%	4h	0.03377	+0.148%	$557K	$823K	20x	as long as short
BingX WAL-USDT	+0.0100%	4h	0.03380	+0.237%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03392	+0.595%	$20K	$9K	—	as long as short
Bluefin WAL-PERP	+0.0476%	1h	0.03377	+0.148%	$32K	$748K	20x	as long as short