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: BingX against OKX−0.058%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1711.711% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.058%, 7d avg +0.055%

Together, before fees−0.173%−$17 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: BingX is 0.113% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WAL-USDT-SWAP	0.03442	0.0100	pay 0.0050% / 4h	2h 07m	$213K	$946K	10x
Short	BingX WAL-USDT	0.03440	0.0100	get 0.0050% / 4h	2h 07m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → +0.055%: −$11.28
Slippage, 4 orders: −$151.08
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$182.35
Costs to cover: 1.711%
Break-even: never at this rate

Slippage from OKX: live order book, 58 min ago; BingX: 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 OKX live order book, 58 min ago	5.74 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	5.79 bp	24.8 bp −$25	85.7 bp −$857	543.7 bp −$54.4K	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	0.03445	+0.087%	$2.3M	$6.6M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03442	0.000%	$1.3M	$1.7M	25x	as long as short
OKX WAL-USDT-SWAPlong	+0.0100%	4h	0.03442	long leg	$213K	$946K	10x
Gate WAL_USDT	+0.0100%	4h	0.03439	−0.087%	$289K	$489K	50x	as long as short
MEXC WAL_USDT	+0.0100%	4h	0.03441	−0.029%	$584K	$290K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03442	0.000%	$342K	$70K	30x	as long as short
Bitget WALUSDT	+0.0100%	4h	0.03445	+0.087%	$585K	$895K	20x	as long as short
BingX WAL-USDTshort	+0.0100%	4h	0.03440	−0.058%	—	$6.6M	—
Variational Omni WAL	+0.0100%	4h	0.03450	+0.229%	$22K	$8K	—	as long as short
Bluefin WAL-PERP	+0.0210%	1h	0.03447	+0.145%	$32K	$782K	20x	as long as short