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

WCT

all WCT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.087%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1361.363% 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)+0.232%+$23 · spread now −0.087%, 7d avg −0.041%
Together, before fees+0.232%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 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: Bitget is 0.046% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid WCT0.042460.0100pay 0.0013% / 1h44m 56s$194K$264K3x
ShortBitget WCTUSDT0.042420.0100get 0.0050% / 4h3h 44m$413K$320K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.087% → −0.041%
−$4.61
Slippage, 4 orders
−$115.35
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$140.96
Costs to cover
1.363%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bitget: live order book, 21 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, 5 min ago2.25 bp46.9 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 21 min ago5.93 bp21.9 bp −$22232.2 bp −$2,322doesn'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+0.0057%4h0.04237−0.205%$97K$4K50xas long as short
Hyperliquid WCTlong+0.0100%1h0.04246long leg$194K$264K3x
Binance WCTUSDT+0.0100%4h0.04245−0.025%$1.9M$2.4M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04241−0.111%$898K$489K25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04237−0.205%$395K$607K20xas long as short
Gate WCT_USDT+0.0100%8h0.04231−0.346%$104K$48K25xas long as short
MEXC WCT_USDT+0.0100%4h0.04244−0.040%$358K$123K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04235−0.252%$129K$30K25xas long as short
Bitget WCTUSDTshort+0.0100%4h0.04242−0.087%$413K$320K25x
BingX WCT-USDT+0.0100%4h0.04237−0.205%$6.5Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni WCT+0.0100%4h0.04228−0.409%$7K$2Kas long as short