WAL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX+0.057%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2102.104% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.057%, 7d avg −0.024%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.081% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WAL-USDT-SWAP	0.03496	0.0074	pay 0.0037% / 4h	3h 33m	$224K	$1.1M	10x
Short	Gate WAL_USDT	0.03498	0.0100	get 0.0050% / 4h	3h 33m	$300K	$571K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.057%Rate

Funding earned: $5.53
Price spread: +0.057% → −0.024%: $8.13
Slippage, 4 orders: −$185.37
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$196.7
Costs to cover: 2.104%
Break-even: 255.8 days

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 18 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, 3 min ago	2.86 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 18 min ago	7.12 bp	54.3 bp −$54	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
OKX WAL-USDT-SWAPlong	+0.0074%	4h	0.03496	long leg	$224K	$1.1M	10x
Binance WALUSDT	+0.0100%	4h	0.03497	+0.035%	$2.4M	$7.1M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03501	+0.143%	$1.5M	$1.9M	25x	as long as short
Gate WAL_USDTshort	+0.0100%	4h	0.03498	+0.057%	$300K	$571K	50x
MEXC WAL_USDT	+0.0100%	4h	0.03498	+0.057%	$603K	$306K	20x	as long as short
KuCoin WALUSDTM	+0.0100%	4h	0.03493	−0.086%	$332K	$62K	30x	as long as short
Bitget WALUSDT	+0.0100%	4h	0.03501	+0.143%	$598K	$960K	20x	as long as short
BingX WAL-USDT	+0.0100%	4h	0.03497	+0.029%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03502	+0.183%	$23K	$9K	—	as long as short
Bluefin WAL-PERP	+0.0100%	1h	0.03504	+0.229%	$31K	$648K	20x	as long as short