WAL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.52 per $10,000 · paid last 24h −0.065%

Price spread now: Bybit against OKX+0.148%7-day average +0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$3183.176% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.298%−$30 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.148%, 7d avg +0.096%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.052% dearer against OKX than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.096%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WAL-USDT-SWAP	0.03377	0.0100	pay 0.0050% / 4h	1h 55m	$214K	$791K	10x
Short	Bybit WALUSDT	0.03382	−0.0003	pay 0.0002% / 4h	1h 55m	$1.3M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$21.7
Price spread: +0.148% → +0.096%: $5.2
Slippage, 4 orders: −$296.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$334.09
Costs to cover: 3.176%
Break-even: never at this rate

Slippage from OKX: live order book, 26 min ago; Bybit: live order book, 1 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, 26 min ago	4.41 bp	78.0 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.44 bp	84.0 bp −$84	312.6 bp −$3,126	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	−0.0003%	4h	0.03382	+0.148%	$1.3M	$1.5M	25x
Binance WALUSDT	+0.0100%	4h	0.03385	+0.244%	$2.2M	$6.0M	75x	as long as short
OKX WAL-USDT-SWAPlong	+0.0100%	4h	0.03377	long leg	$214K	$791K	10x
Gate WAL_USDT	+0.0100%	4h	0.03377	0.000%	$292K	$379K	50x	as long as short
MEXC WAL_USDT	+0.0100%	4h	0.03383	+0.178%	$556K	$265K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03380	+0.089%	$337K	$74K	30x	as long as short
Bitget WALUSDT	+0.0100%	4h	0.03382	+0.148%	$578K	$801K	20x	as long as short
BingX WAL-USDT	+0.0100%	4h	0.03381	+0.118%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03372	−0.142%	$20K	$9K	—	as long as short
Bluefin WAL-PERP	+0.0273%	1h	0.03388	+0.326%	$32K	$745K	20x	as long as short