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

WCT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin+0.207%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,124as in the Price arb table
costs, in and out, $10k−$1,13811.381% 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)−0.655%−$66 · spread now +0.207%, 7d avg +0.068%
Together, before fees−0.655%+ Points / potential airdropHyperliquid: Season 2 · farm board−$66 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: Hyperliquid is 0.139% dearer against KuCoin than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WCTUSDTM0.042510.0100pay 0.0050% / 4h29m 17s$129K$32K25x
ShortHyperliquid WCT0.042600.0100get 0.0013% / 1h29m 17s$197K$270K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.207% → +0.068%
$13.94
Slippage, 4 orders
−$1,117.13
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$1,124.19
Costs to cover
11.381%
Break-even
never at this rate
Slippage from KuCoin: live order book, 45 min ago; Hyperliquid: live order book, 60 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, 45 min ago17.46 bp785.0 bp −$785doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 60 min ago7.12 bp57.7 bp −$58doesn'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+0.0084%4h0.04259+0.188%$98K$5K50xas long as short
Hyperliquid WCTshort+0.0100%1h0.04260+0.207%$197K$270K3x
Binance WCTUSDT+0.0100%4h0.04260+0.215%$2.0M$2.7M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04253+0.047%$881K$541K25xas long as short
OKX WCT-USDT-SWAP+0.0100%4h0.04262+0.259%$389K$631K20xas long as short
Gate WCT_USDT+0.0100%8h0.04254+0.071%$104K$45K25xas long as short
MEXC WCT_USDT+0.0100%4h0.04257+0.141%$432K$142K50xas long as short
KuCoin WCTUSDTMlong+0.0100%4h0.04251long leg$129K$32K25x
Bitget WCTUSDT+0.0100%4h0.04252+0.024%$397K$379K25xas long as short
BingX WCT-USDT+0.0100%4h0.04261+0.235%$6.5Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni WCT+0.0100%4h0.04247−0.100%$7K$2Kas long as short