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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin0.000%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$558as in the Funding arb table
Net, price: spread back to 7d avg − costs−$556as in the Price arb table
costs, in and out, $10k−$5585.585% 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)+0.033%+$3 · spread now 0.000%, 7d avg −0.025%
Together, before fees+0.033%+$3 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 0.025% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WCTUSDTM0.042060.0100pay 0.0050% / 4h2h 36m$128K$29K25x
ShortBingX WCT-USDT0.042060.0100get 0.0050% / 4h2h 36m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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: 0.000% → −0.025%
$2.51
Slippage, 4 orders
−$536.48
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$555.98
Costs to cover
5.585%
Break-even
never at this rate
Slippage from KuCoin: live order book, 12 min ago; BingX: live order book, 9 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 KuCoin live order book, 12 min ago17.64 bp277.7 bp −$278doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago5.91 bp30.8 bp −$3190.9 bp −$909610.9 bp −$61.1K907.3 bp −$453.6K

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
Bybit WCTUSDT+0.0084%4h0.04211+0.119%$856K$467K25xas long as short
Hyperliquid WCT+0.0100%1h0.04219+0.314%$191K$206K3xas long as short
Binance WCTUSDT+0.0100%4h0.04214+0.190%$2.0M$2.5M25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04196−0.238%$381K$531K20xas long as short
Gate WCT_USDT+0.0100%8h0.042060.000%$102K$46K25xas long as short
MEXC WCT_USDT+0.0100%4h0.04214+0.190%$431K$139K50xas long as short
KuCoin WCTUSDTMlong+0.0100%4h0.04206long leg$128K$29K25x
Bitget WCTUSDT+0.0100%4h0.04211+0.119%$374K$362K25xas long as short
BingX WCT-USDTshort+0.0100%4h0.042060.000%$6.5M
Variational Omni WCT+0.0100%4h0.04207+0.020%$7K$853as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin WCT-USDT+0.0122%4h0.042060.000%$98K$5K50xas long as short