WAL funding rate today: 2 exchanges
The WAL funding rate on USDT-margined perpetuals at Binance, BingX: per funding interval, normalized to 8 hours and annualized, plus how much was paid over the past 7 and 30 days. Snapshot -, refreshed every minute.
Right now: the highest WAL rate is on BingX (-0.0014% per 8h), the lowest on Binance (-0.0032%). Shorts pay. Combined 24h turnover across exchanges: $18.9M.
What the numbers say
- The rate is negative on all 2 exchanges: shorts pay longs, positioning leans short.
- Rates are within normal range: about 0.01% per 8 hours or less, no positioning imbalance.
- Widest spread: short on BingX, long on Binance - 0.0018% per 8 hours. It would cover the fees for opening and closing both legs in 36.4 days if rates stay the same.
- On Binance the imbalance is persistent: -1.87% paid over the past 7 days.
Rates by exchange
| Exchange | Rate per interval | Cap | Per 8h | Annualized | Next payment | Paid 7d | Paid 30d | 24h turnover |
|---|---|---|---|---|---|---|---|---|
| Binance | -0.0016% / 4h | ±2% | -0.0032% | -3.5% | - | -1.87% | -5.02% | $12M |
| BingX | -0.0007% / 4h | ±2% | -0.0014% | -1.5% | - | -2.00% | -5.83% | $7M |
Positive: longs pay shorts. Negative: shorts pay longs. The cap is the maximum rate per interval on that exchange (intervals and caps by exchange). "-" in the paid columns means the coin has been listed for less than the period or its history is still being collected.
Who pays whom
Cost of holding a position
| Exchange | $1,000 long, 1 day | $1,000 short, 1 day | $10,000 long, 1 week (current rate) | $10,000 long, last week (actual) |
|---|---|---|---|---|
| Binance | +0.10 $ | -0.10 $ | +6.79 $ | +186.52 $ |
| BingX | +0.04 $ | -0.04 $ | +2.94 $ | +199.91 $ |
Positive means you receive, negative means you pay. "Current rate" assumes the rate does not change; in practice it is recalculated every interval. "Actual" uses the real payments of the past 7 days. Trading fees are not included.
WAL arbitrage pair
- Short on BingX, long on Binance: a spread of 0.0018% per 8 hours, 2.0% annualized.
- Covers the fees for opening and closing both legs in 36.4 days if rates stay the same.
- Over the past 7 days this pair would have earned -0.13% of notional before fees, over 30 days -0.81%.
- All pairs and how to read them are in the funding arbitrage table, risks included.
More on WAL
- Funding rate heatmap - WAL next to other coins.
- Open interest screener - whether positions in WAL are growing or shrinking.
- Liquidations - forced closes over the last 24 hours.
FAQ
What is the WAL funding rate now?
Binance: -0.0016% per 4h; BingX: -0.0007% per 4h. The table above refreshes every minute.
Who pays WAL funding?
With a positive rate longs pay shorts; with a negative rate shorts pay longs. The money goes from one side of traders to the other, not to the exchange. The rate is negative on all 2 exchanges: shorts pay longs, positioning leans short.
Why are WAL funding rates different on each exchange?
Each exchange computes the rate with its own formula and charges it on its own schedule (every 1, 2, 4 or 8 hours). Only values normalized to the same period can be compared - the "per 8h" column.
The page shows exchange data and arithmetic on it. It is not a trading signal or investment advice.