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

WCT

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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: Gate against Hyperliquid−0.346%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$636as in the Funding arb table
Net, price: spread back to 7d avg − costs−$664as in the Price arb table
costs, in and out, $10k−$6366.364% 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)+0.481%+$48 · spread now −0.346%, 7d avg −0.069%
Together, before fees+0.481%+ Points / potential airdropHyperliquid: Season 2 · farm board+$48 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: Gate is 0.277% cheaper against Hyperliquid than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.069%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid WCT0.042460.0100pay 0.0013% / 1h44m 56s$194K$264K3x
ShortGate WCT_USDT0.042310.0100get 0.0100% / 8h7h 44m$104K$48K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.346% → −0.069%
−$27.69
Slippage, 4 orders
−$612.41
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$664.1
Costs to cover
6.364%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Gate: live order book, 20 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 Gate live order book, 20 min ago11.87 bp165.0 bp −$165doesn'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+0.0057%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_USDTshort+0.0100%8h0.04231−0.346%$104K$48K25x
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 WCTUSDT+0.0100%4h0.04242−0.087%$413K$320K25xas long as short
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