Funding arb · Price arb /

WAL

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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: Gate against KuCoin−0.118%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$574as in the Funding arb table

Net, price: spread back to 7d avg − costs−$588as in the Price arb table

costs, in and out, $10k−$5805.797% of the position

Long on KuCoin Short on Gate

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)−0.077%−$8 · spread now −0.118%, 7d avg −0.036%

Together, before fees−0.024%−$2 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: Gate is 0.082% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WALUSDTM	0.03394	0.0100	pay 0.0050% / 4h	28m 17s	$338K	$72K	30x
Short	Gate WAL_USDT	0.03390	0.0100	get 0.0050% / 4h	28m 17s	$292K	$409K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.036%: −$8.18
Slippage, 4 orders: −$552.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$587.87
Costs to cover: 5.797%
Break-even: never at this rate

Slippage from KuCoin: live order book, 33 min ago; Gate: live order book, 47 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 KuCoin live order book, 33 min ago	16.19 bp	233.4 bp −$233	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	5.90 bp	54.9 bp −$55	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	0.03391	−0.101%	$2.2M	$6.2M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03393	−0.029%	$1.3M	$1.5M	25x	as long as short
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03390	−0.118%	$217K	$827K	10x	as long as short
Gate WAL_USDTshort	+0.0100%	4h	0.03390	−0.118%	$292K	$409K	50x
MEXC WAL_USDT	+0.0100%	4h	0.03391	−0.088%	$557K	$269K	20x	as long as short
KuCoin WALUSDTMlong	+0.0100%	4h	0.03394	long leg	$338K	$72K	30x
Bitget WALUSDT	+0.0100%	4h	0.03394	0.000%	$562K	$840K	20x	as long as short
BingX WAL-USDT	+0.0100%	4h	0.03392	−0.059%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03395	+0.018%	$20K	$7K	—	as long as short
Bluefin WAL-PERP	+0.0290%	1h	0.03395	+0.029%	$32K	$755K	20x	as long as short