Funding arb · Price arb /

WAL

all WAL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.117%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$667as in the Funding arb table

Net, price: spread back to 7d avg − costs−$648as in the Price arb table

costs, in and out, $10k−$6626.617% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.117%, 7d avg −0.018%

Together, before fees−0.067%−$7 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 0.134% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC WAL_USDT	0.03433	0.0100	pay 0.0050% / 4h	3h 37m	$563K	$269K	20x
Short	KuCoin WALUSDTM	0.03437	0.0100	get 0.0050% / 4h	3h 37m	$342K	$71K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.018%: $13.42
Slippage, 4 orders: −$645.67
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$648.25
Costs to cover: 6.617%
Break-even: never at this rate

Slippage from MEXC: live order book, 27 min ago; KuCoin: live order book, 14 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 MEXC live order book, 27 min ago	1.45 bp	8.0 bp −$8	54.0 bp −$540	275.2 bp −$27.5K	doesn't fit
Sell KuCoin live order book, 14 min ago	14.60 bp	242.7 bp −$243	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	0.03434	+0.029%	$2.3M	$6.3M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03436	+0.087%	$1.3M	$1.5M	25x	as long as short
OKX WAL-USDT-SWAP	+0.0100%	4h	0.03428	−0.146%	$220K	$858K	10x	as long as short
Gate WAL_USDT	+0.0100%	4h	0.03432	−0.029%	$290K	$424K	50x	as long as short
MEXC WAL_USDTlong	+0.0100%	4h	0.03433	long leg	$563K	$269K	20x
KuCoin WALUSDTMshort	+0.0100%	4h	0.03437	+0.117%	$342K	$71K	30x
Bitget WALUSDT	+0.0100%	4h	0.03436	+0.087%	$587K	$865K	20x	as long as short
BingX WAL-USDT	+0.0100%	4h	0.03434	+0.029%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03437	+0.116%	$21K	$7K	—	as long as short
Bluefin WAL-PERP	+0.0170%	1h	0.03436	+0.087%	$32K	$758K	20x	as long as short