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

WCT

all WCT markets
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 Bitget+0.043%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1401.398% 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)−0.353%−$35 · spread now +0.043%, 7d avg +0.041%
Together, before fees−0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget WCTUSDT0.041750.0100pay 0.0050% / 4h1h 15m$390K$308K25x
ShortHyperliquid WCT0.041770.0100get 0.0013% / 1h15m 36s$186K$260K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.043% → +0.041%
$0.23
Slippage, 4 orders
−$118.8
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$139.58
Costs to cover
1.398%
Break-even
never at this rate
Slippage from Bitget: live order book, 60 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 Bitget live order book, 60 min ago10.78 bp27.0 bp −$27385.1 bp −$3,851doesn't fitdoesn'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%4h0.04172−0.072%$97K$3K50xas long as short
Hyperliquid WCTshort+0.0100%1h0.04177+0.043%$186K$260K3x
Binance WCTUSDT+0.0100%4h0.04170−0.120%$1.9M$2.4M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04165−0.240%$889K$480K25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04168−0.168%$383K$574K20xas long as short
Gate WCT_USDT+0.0100%8h0.04169−0.144%$105K$48K25xas long as short
MEXC WCT_USDT+0.0100%4h0.04170−0.120%$353K$126K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04172−0.072%$134K$28K25xas long as short
Bitget WCTUSDTlong+0.0100%4h0.04175long leg$390K$308K25x
BingX WCT-USDT+0.0100%4h0.04170−0.120%$6.5Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni WCT+0.0100%4h0.04164−0.252%$7K$2Kas long as short