WAL Funding Rate — live across 8 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized WAL perpetual funding across all 8 venues Perpia tracks. Right now WAL funding is positive on 7 and negative on 1, ranging from +10.9% on OKX to -23.8% on Bybit — a spread of 34.8%. The widest delta-neutral trade is long Bybit / short OKX at 31.1% net APR.
WAL funding rate by venue
14 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| OKX | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Gate.io | +10.9% | 4h |
| BingX | +10.9% | 4h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Bybit | -23.8% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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WAL funding — FAQ
Is WAL funding positive right now?
WAL perpetual funding is positive on 7 of 8 venues Perpia tracks and negative on 1. The highest is +10.9% on OKX; the lowest is -23.8% on Bybit.
What is the best WAL funding arbitrage right now?
Go long Bybit and short OKX for about 31.1% net APR after fees — the widest delta-neutral WAL spread Perpia currently sees.
Which exchange has the highest WAL funding rate?
OKX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How WAL funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.