WAL funding rates

WAL perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 03:16 UTC · refreshed every 5 min

Best pair · 7d: 39.0%long Bybit, short MEXC · net 35.1%
Highest funding now: −180%BitgetCEX
Lowest funding now: −226%BybitCEX
Listed on: 6 venues

Funding by venue

													Open
BitgetCEX	WALUSDT	−180%	−307%	−63.8%	−11.7%	−23.3%	60%	4h	04:00	0.03781	$786k	$1.5M	BgBitget
Variational	WAL	−185%	−296%	−53.8%	−4.2%	−13.5%	81%	4h	—	0.0378	$29k	$14k	VaVariational
BinanceCEX	WALUSDT	−186%	−314%	−54.5%	−6.7%	−11.2%	78%	4h	04:00	0.03777	$3.3M	$14.0M	BnBinance
MEXCCEX	WAL_USDT	−189%	−266%	−51.5%	−3.6%	−15.6%	76%	4h	04:00	0.03782	$580k	$345k	MxMEXC
GateCEX	WAL_USDT	−198%	−392%	−85.5%	−11.8%	−34.4%	74%	4h	04:00	0.03782	$325k	$584k	GtGate
BybitCEX	WALUSDT	−226%	−421%	−90.5%	−23.3%	−35.5%	48%	4h	04:00	0.03784	$2.7M	$4.7M	ByBybit

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
BybitCEX	MEXCCEX	37.1%	154%	39.0%	19.7%	35.1%	52.7%	1.4d	spike ×7.8	$580k		By Mx	calc
BybitCEX	BinanceCEX	39.8%	106%	36.0%	19.9%	30.5%	45.8%	2.1d	spike ×4.4	$2.7M		By Bn	calc
GateCEX	MEXCCEX	9.0%	126%	34.1%	8.2%	29.1%	43.7%	2.0d	spike ×6.7	$325k		Gt Mx	calc
GateCEX	BinanceCEX	11.8%	78.2%	31.1%	8.4%	24.5%	36.8%	2.9d	spike ×3.4	$325k		Gt Bn	calc
BybitCEX	BitgetCEX	46.5%	114%	26.7%	11.6%	20.7%	31.1%	3.1d	spike ×9.3	$786k		By Bg	calc
BybitCEX	Variational	41.3%	125%	36.7%	19.2%	33.8%	50.7%	1.1d	spike ×5.7	$29k	low OIspread not incl.	By Va	calc
GateCEX	BitgetCEX	18.4%	85.5%	21.8%	0.1%	14.7%	22.1%	4.5d	spike ×7.7	$325k		Gt Bg	calc
GateCEX	Variational	13.2%	96.7%	31.7%	7.7%	27.8%	41.7%	1.7d	spike ×4.6	$29k	low OIspread not incl.	Gt Va	calc
BitgetCEX	MEXCCEX	−9.4%	40.4%	12.3%	8.1%	8.1%	12.2%	4.7d	spike ×5.3	$580k		Bg Mx	calc
BitgetCEX	BinanceCEX	−6.6%	−7.3%	9.3%	7.4%	3.6%	5.4%	8.6d	cooling	$786k		Bg Bn	calc
BitgetCEX	Variational	−5.2%	11.2%	9.9%	7.5%	6.8%	10.2%	4.4d	cooling	$29k	low OIspread not incl.	Bg Va	calc
Variational	MEXCCEX	−4.2%	29.2%	2.4%	0.5%	1.3%	2.0%	6.2d	spike	$29k	low OIspread not incl.	Va Mx	calc
BinanceCEX	MEXCCEX	−2.8%	47.7%	3.0%	0.8%	−0.6%	−1.0%	17d	spike	$580k		Bn Mx	calc
BybitCEX	GateCEX	28.1%	28.2%	5.0%	11.5%	−1.8%	−2.7%	19d	spike ×26.2	$325k		By Gt	calc
MEXCCEX	BinanceCEX	2.8%	−47.7%	−3.0%	−0.8%	−6.7%	−10.0%	—	weak	$580k		Mx Bn	calc
MEXCCEX	Variational	4.2%	−29.2%	−2.4%	−0.5%	−3.4%	−5.1%	—	weak	$29k	low OIspread not incl.	Mx Va	calc
BinanceCEX	Variational	1.4%	18.5%	0.6%	0.2%	−2.0%	−3.0%	57d	spike	$29k	low OIspread not incl.	Bn Va	calc
BinanceCEX	BitgetCEX	6.6%	7.3%	−9.3%	−7.4%	−15.0%	−22.6%	—	weak	$786k		Bn Bg	calc
MEXCCEX	BitgetCEX	9.4%	−40.4%	−12.3%	−8.1%	−16.5%	−24.7%	—	weak	$580k		Mx Bg	calc
Variational	BitgetCEX	5.2%	−11.2%	−9.9%	−7.5%	−13.1%	−19.6%	—	weak	$29k	low OIspread not incl.	Va Bg	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:16 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Binance at 0.03777, sell on Bybit at 0.03784: 0.185% before fees, −0.025% after taker fees.

WAL: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Bybit0.03784	Gate0.03782	MEXC0.03782	Bitget0.03781	Variational0.0377997	Binance0.03777
Binance0.03777	0.185%	0.132%	0.132%	0.106%	0.079%	—
Variational0.0377997	0.106%	0.054%	0.054%	0.027%	—	−0.079%
Bitget0.03781	0.079%	0.026%	0.026%	—	−0.027%	−0.106%
Gate0.03782	0.053%	—	0.000%	−0.026%	−0.054%	−0.132%
MEXC0.03782	0.053%	0.000%	—	−0.026%	−0.054%	−0.132%
Bybit0.03784	—	−0.053%	−0.053%	−0.079%	−0.106%	−0.185%

All quotes (6)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	0.03777	0.03777	mark	5m	$14.0M	no FX
BitgetCEX	0.03781	0.03781	mark	5m	$1.5M	no FX
BybitCEX	0.03784	0.03784	mark	5m	$4.7M	no FX
GateCEX	0.03782	0.03782	mark	5m	$584k	no FX
MEXCCEX	0.03782	0.03782	mark	6m	$345k	no FX
Variational	0.0377997	0.0377997	mark	5m	$14k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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