Funding arb · Price arb /

WCT

all WCT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.143%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1221.219% of the position

Long on OKX Short on Binance

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)−0.097%−$10 · spread now +0.143%, 7d avg +0.076%

Together, before fees−0.095%−$9 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: Binance is 0.067% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX WCT-USDT-SWAP	0.04225	0.0100	pay 0.0050% / 4h	2h 06m	$388K	$621K	20x
Short	Binance WCTUSDT	0.04231	0.0100	get 0.0050% / 4h	2h 06m	$2.0M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.076%: $6.71
Slippage, 4 orders: −$101.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$115.24
Costs to cover: 1.219%
Break-even: never at this rate

Slippage from OKX: live order book, 59 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 59 min ago	4.72 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.18 bp	21.4 bp −$21	174.3 bp −$1,743	doesn't fit	doesn't fit

WCT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WCT	+0.0100%	1h	0.04238	+0.320%	$195K	$267K	3x	as long as short
Binance WCTUSDTshort	+0.0100%	4h	0.04231	+0.143%	$2.0M	$2.5M	25x
Bybit WCTUSDT	+0.0100%	4h	0.04224	−0.024%	$887K	$513K	25x	as long as short
OKX WCT-USDT-SWAPlong	+0.0100%	4h	0.04225	long leg	$388K	$621K	20x
Gate WCT_USDT	+0.0100%	8h	0.04228	+0.071%	$104K	$48K	25x	as long as short
MEXC WCT_USDT	+0.0100%	4h	0.04233	+0.189%	$420K	$132K	50x	as long as short
KuCoin WCTUSDTM	+0.0100%	4h	0.04229	+0.095%	$128K	$31K	25x	as long as short
Bitget WCTUSDT	+0.0100%	4h	0.04232	+0.166%	$423K	$340K	25x	as long as short
BingX WCT-USDT	+0.0100%	4h	0.04229	+0.095%	—	$6.5M	—	as long as short
Variational Omni WCT	+0.0100%	4h	0.04225	−0.006%	$7K	$2K	—	as long as short