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

WCT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Gate+0.070%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,180as in the Price arb table
costs, in and out, $10k−$1,18911.889% 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)−0.123%−$12 · spread now +0.070%, 7d avg −0.022%
Together, before fees−0.123%−$12 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 0.092% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate WCT_USDT0.042820.0100pay 0.0100% / 8h5h 19m$105K$48K25x
ShortBingX WCT-USDT0.042850.0100get 0.0050% / 4h1h 19m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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: +0.070% → −0.022%
$9.18
Slippage, 4 orders
−$1,163.89
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$1,179.71
Costs to cover
11.889%
Break-even
never at this rate
Slippage from Gate: live order book, 35 min ago; BingX: live order book, 6 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 Gate live order book, 35 min ago14.12 bp549.7 bp −$550doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 6 min ago7.01 bp28.7 bp −$2999.7 bp −$997682.8 bp −$68.3K1051.4 bp −$525.7K

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 WCT+0.0100%1h0.04288+0.140%$197K$267K3xas long as short
Binance WCTUSDT+0.0100%4h0.04282+0.011%$2.0M$2.6M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04283+0.023%$895K$527K25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04281−0.023%$394K$638K20xas long as short
Gate WCT_USDTlong+0.0100%8h0.04282long leg$105K$48K25x
MEXC WCT_USDT+0.0100%4h0.04281−0.023%$442K$134K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04287+0.117%$130K$31K25xas long as short
Bitget WCTUSDT+0.0100%4h0.04284+0.047%$428K$341K25xas long as short
BingX WCT-USDTshort+0.0100%4h0.04285+0.070%$6.5M
Variational Omni WCT+0.0100%4h0.04282−0.007%$8K$2Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WCT-USDT+0.0126%4h0.04284+0.047%$99K$5K50xas long as short