Settings8H · net · $10k
Funding arb · Price arb /

WCT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.115%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1431.428% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.115%, 7d avg +0.076%
Together, before fees−0.104%+ Points / potential airdropHyperliquid: Season 2 · farm board−$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: Hyperliquid is 0.039% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance WCTUSDT0.041640.0100pay 0.0050% / 4h1h 52m$1.9M$2.4M25x
ShortHyperliquid WCT0.041690.0100get 0.0013% / 1h52m 07s$186K$260K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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

Funding earned
$0
Price spread: +0.115% → +0.076%
$3.9
Slippage, 4 orders
−$123.85
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$138.95
Costs to cover
1.428%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Hyperliquid: live order book, 17 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago3.61 bp25.3 bp −$25278.7 bp −$2,787doesn't fitdoesn't fit
Sell Hyperliquid live order book, 17 min ago3.12 bp40.8 bp −$41doesn't fitdoesn't fitdoesn't fit

WCT on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid WCTshort+0.0100%1h0.04169+0.115%$186K$260K3x
Binance WCTUSDTlong+0.0100%4h0.04164long leg$1.9M$2.4M25x
Bybit WCTUSDT+0.0100%4h0.04157−0.168%$888K$478K25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04161−0.072%$382K$576K20xas long as short
Gate WCT_USDT+0.0100%8h0.04161−0.072%$104K$48K25xas long as short
MEXC WCT_USDT+0.0100%4h0.041640.000%$352K$124K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04169+0.120%$134K$28K25xas long as short
Bitget WCTUSDT+0.0100%4h0.04170+0.144%$388K$306K25xas long as short
BingX WCT-USDT+0.0100%4h0.04163−0.024%$6.5Mas long as short
Variational Omni WCT+0.0100%4h0.04157−0.177%$7K$2Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WCT-USDT+0.0106%4h0.041640.000%$97K$3K50xas long as short