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

WCT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.227%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1751.746% 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)+0.329%+$33 · spread now −0.227%, 7d avg −0.093%
Together, before fees+0.329%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 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 0.134% cheaper against Hyperliquid than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid WCT0.042720.0100pay 0.0013% / 1h43m 24s$201K$198K3x
ShortBingX WCT-USDT0.042620.0100get 0.0050% / 4h43m 24s$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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: −0.227% → −0.093%
−$13.43
Slippage, 4 orders
−$155.62
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$188.05
Costs to cover
1.746%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; BingX: live order book, 7 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 Hyperliquid live order book, 6 min ago6.79 bp52.9 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago8.24 bp35.3 bp −$3598.4 bp −$984682.3 bp −$68.2K1084.4 bp −$542.2K

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+0.0077%4h0.04266−0.133%$98K$5K50xas long as short
Hyperliquid WCTlong+0.0100%1h0.04272long leg$201K$198K3x
Binance WCTUSDT+0.0100%4h0.04264−0.180%$2.0M$2.1M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04261−0.250%$864K$333K25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04258−0.321%$392K$457K20xas long as short
Gate WCT_USDT+0.0100%8h0.04258−0.321%$104K$32K25xas long as short
MEXC WCT_USDT+0.0100%4h0.04264−0.180%$436K$135K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04261−0.250%$121K$26K25xas long as short
Bitget WCTUSDT+0.0100%4h0.04262−0.227%$379K$276K25xas long as short
BingX WCT-USDTshort+0.0100%4h0.04262−0.227%$6.5M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni WCT+0.0100%4h0.04261−0.258%$7K$853as long as short