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: OKX against Hyperliquid−0.273%7-day average −0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1661.660% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.273%, 7d avg −0.156%
Together, before fees+0.194%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 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: OKX is 0.117% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.156%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid WCT0.042500.0100pay 0.0013% / 1h43m 01s$194K$264K3x
ShortOKX WCT-USDT-SWAP0.042380.0100get 0.0050% / 4h3h 43m$396K$614K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.273% → −0.156%
−$11.69
Slippage, 4 orders
−$146.95
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$177.64
Costs to cover
1.660%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; OKX: live order book, 28 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 ago2.25 bp46.9 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 28 min ago7.13 bp36.2 bp −$36doesn'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
Hyperliquid WCTlong+0.0100%1h0.04250long leg$194K$264K3x
Binance WCTUSDT+0.0100%4h0.04242−0.181%$1.9M$2.4M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04235−0.344%$896K$489K25xas long as short
OKX WCT-USDT-SWAPshort+0.0100%4h0.04238−0.273%$396K$614K20x
Gate WCT_USDT+0.0100%8h0.04246−0.085%$104K$48K25xas long as short
MEXC WCT_USDT+0.0100%4h0.04243−0.155%$359K$123K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04252+0.056%$130K$30K25xas long as short
Bitget WCTUSDT+0.0100%4h0.04246−0.085%$407K$326K25xas long as short
BingX WCT-USDT+0.0100%4h0.04245−0.108%$6.5Mas long as short
Variational Omni WCT+0.0100%4h0.04228−0.500%$7K$2Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WCT-USDT+0.0143%4h0.04240−0.226%$97K$4K50xas long as short