Funding arb · Price arb /

WCT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX+0.118%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.118%, 7d avg −0.064%

Together, before fees−0.310%−$31 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: OKX is 0.183% dearer against BingX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WCT-USDT	0.04228	0.0100	pay 0.0050% / 4h	2h 05m	—	$6.5M	—
Short	OKX WCT-USDT-SWAP	0.04233	0.0100	get 0.0050% / 4h	2h 05m	$389K	$622K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BingXbpFee OKXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → −0.064%: $18.27
Slippage, 4 orders: −$115.13
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$116.85
Costs to cover: 1.351%
Break-even: never at this rate

Slippage from BingX: live order book, just now; OKX: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, just now	7.10 bp	35.4 bp −$35	123.7 bp −$1,237	699.4 bp −$69.9K	doesn't fit
Sell OKX live order book, 60 min ago	4.72 bp	41.5 bp −$41	doesn't fit	doesn't fit	doesn't fit

WCT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WCT	+0.0100%	1h	0.04236	+0.187%	$195K	$267K	3x	as long as short
Binance WCTUSDT	+0.0100%	4h	0.04229	+0.029%	$1.9M	$2.5M	25x	as long as short
Bybit WCTUSDT	+0.0100%	4h	0.04227	−0.024%	$888K	$511K	25x	as long as short
OKX WCT-USDT-SWAPshort	+0.0100%	4h	0.04233	+0.118%	$389K	$622K	20x
Gate WCT_USDT	+0.0100%	8h	0.04229	+0.024%	$104K	$48K	25x	as long as short
MEXC WCT_USDT	+0.0100%	4h	0.04229	+0.024%	$420K	$133K	50x	as long as short
KuCoin WCTUSDTM	+0.0100%	4h	0.04230	+0.047%	$128K	$31K	25x	as long as short
Bitget WCTUSDT	+0.0100%	4h	0.04232	+0.095%	$423K	$340K	25x	as long as short
BingX WCT-USDTlong	+0.0100%	4h	0.04228	long leg	—	$6.5M	—
Variational Omni WCT	+0.0100%	4h	0.04224	−0.100%	$7K	$2K	—	as long as short