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 +0.029%

Price spread now: BingX against Bybit−0.071%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1271.268% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.071%, 7d avg +0.052%

Together, before fees+0.416%+$42 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: BingX is 0.122% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WCTUSDT	0.04229	0.0100	pay 0.0050% / 4h	2h 07m	$887K	$512K	25x
Short	BingX WCT-USDT	0.04226	0.0100	get 0.0050% / 4h	2h 07m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.052%: −$12.25
Slippage, 4 orders: −$105.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$139.03
Costs to cover: 1.268%
Break-even: never at this rate

Slippage from Bybit: live order book, 58 min ago; BingX: live order book, 14 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 Bybit live order book, 58 min ago	5.91 bp	41.3 bp −$41	88.6 bp −$886	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	8.28 bp	24.0 bp −$24	98.2 bp −$982	661.8 bp −$66.2K	1031.3 bp −$515.7K

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	0.04237	+0.196%	$195K	$266K	3x	as long as short
Binance WCTUSDT	+0.0100%	4h	0.04232	+0.060%	$2.0M	$2.5M	25x	as long as short
Bybit WCTUSDTlong	+0.0100%	4h	0.04229	long leg	$887K	$512K	25x
OKX WCT-USDT-SWAP	+0.0100%	4h	0.04229	0.000%	$389K	$621K	20x	as long as short
Gate WCT_USDT	+0.0100%	8h	0.04228	−0.024%	$104K	$48K	25x	as long as short
MEXC WCT_USDT	+0.0100%	4h	0.04232	+0.071%	$420K	$132K	50x	as long as short
KuCoin WCTUSDTM	+0.0100%	4h	0.04229	0.000%	$128K	$31K	25x	as long as short
Bitget WCTUSDT	+0.0100%	4h	0.04234	+0.118%	$423K	$340K	25x	as long as short
BingX WCT-USDTshort	+0.0100%	4h	0.04226	−0.071%	—	$6.5M	—
Variational Omni WCT	+0.0100%	4h	0.04225	−0.100%	$7K	$2K	—	as long as short