Funding arb · Price arb /

WAL

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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: MEXC against OKX+0.087%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1411.414% of the position

Long on OKX Short on MEXC

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)−0.101%−$10 · spread now +0.087%, 7d avg +0.032%

Together, before fees−0.096%−$10 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: MEXC is 0.055% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WAL-USDT-SWAP	0.03441	0.0100	pay 0.0050% / 4h	2h 49m	$219K	$907K	10x
Short	MEXC WAL_USDT	0.03444	0.0100	get 0.0050% / 4h	2h 49m	$586K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.032%: $5.49
Slippage, 4 orders: −$127.38
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$135.88
Costs to cover: 1.414%
Break-even: never at this rate

Slippage from OKX: live order book, 16 min ago; MEXC: live order book, 10 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, 16 min ago	5.74 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	4.34 bp	10.8 bp −$11	56.9 bp −$569	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	0.03446	+0.145%	$2.3M	$6.4M	75x	as long as short
Bybit WALUSDT	+0.0100%	4h	0.03442	+0.029%	$1.3M	$1.7M	25x	as long as short
OKX WAL-USDT-SWAPlong	+0.0100%	4h	0.03441	long leg	$219K	$907K	10x
Gate WAL_USDT	+0.0100%	4h	0.03438	−0.087%	$292K	$450K	50x	as long as short
MEXC WAL_USDTshort	+0.0100%	4h	0.03444	+0.087%	$586K	$280K	20x
KuCoin WALUSDTM	+0.0100%	4h	0.03443	+0.058%	$343K	$70K	30x	as long as short
Bitget WALUSDT	+0.0100%	4h	0.03442	+0.029%	$584K	$884K	20x	as long as short
BingX WAL-USDT	+0.0100%	4h	0.03437	−0.116%	—	$6.6M	—	as long as short
Variational Omni WAL	+0.0100%	4h	0.03431	−0.292%	$22K	$8K	—	as long as short
Bluefin WAL-PERP	+0.0247%	1h	0.03439	−0.058%	$32K	$767K	20x	as long as short