Yes
https://wiki.archlinux.org/title/Wireless_bonding
EDIT: oh wait, you configured them both with the same static ip address. Can you use a tool like iftop to check that both interfaces are actually being used? You can also use tcpdump -i interfacename or similar tools.
It's very possible that this setup doesn't break, but isn't true bonding, where both connections can be used at once for more bandwidth. Although, maybe this is an easy, reliable way to get a failover type system, where when the ethernet is disconnected it automatically uses the wifi. Or maybe it's been using only the wifi this whole time.