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 BingX+0.163%7-day average +0.086% · 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−$135as 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)−0.473%−$47 · spread now +0.163%, 7d avg +0.086%
Together, before fees−0.473%+ Points / potential airdropHyperliquid: Season 2 · farm board−$47 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 0.077% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.086%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX WCT-USDT0.041700.0100pay 0.0050% / 4h1h 15m$6.5M
ShortHyperliquid WCT0.041770.0100get 0.0013% / 1h15m 35s$186K$260K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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: +0.163% → +0.086%
$7.69
Slippage, 4 orders
−$123.81
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$135.13
Costs to cover
1.428%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Hyperliquid: live order book, 54 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 BingX live order book, 11 min ago6.00 bp26.8 bp −$27100.3 bp −$1,003696.7 bp −$69.7Kdoesn't fit
Sell Hyperliquid live order book, 54 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
BloFin WCT-USDT+0.0066%4h0.04172+0.048%$97K$3K50xas long as short
Hyperliquid WCTshort+0.0100%1h0.04177+0.163%$186K$260K3x
Binance WCTUSDT+0.0100%4h0.041700.000%$1.9M$2.4M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04165−0.120%$889K$480K25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04168−0.048%$383K$574K20xas long as short
Gate WCT_USDT+0.0100%8h0.04169−0.024%$105K$48K25xas long as short
MEXC WCT_USDT+0.0100%4h0.041700.000%$353K$126K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04172+0.048%$134K$28K25xas long as short
Bitget WCTUSDT+0.0100%4h0.04175+0.120%$390K$308K25xas long as short
BingX WCT-USDTlong+0.0100%4h0.04170long leg$6.5M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni WCT+0.0100%4h0.04164−0.132%$7K$2Kas long as short