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

WCT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.198%7-day average +0.153% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.198%, 7d avg +0.153%
Together, before fees−0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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 0.045% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.153%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX WCT-USDT-SWAP0.041990.0100pay 0.0050% / 4h35m 33s$389K$582K20x
ShortHyperliquid WCT0.042070.0100get 0.0013% / 1h35m 33s$191K$262K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.198% → +0.153%
$4.47
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.53
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 40 min ago; Hyperliquid: live order book, 24 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 40 min ago2.40 bp45.7 bp −$46doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 24 min ago7.87 bp49.2 bp −$49doesn'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+0.0058%4h0.04203+0.095%$97K$3K50xas long as short
Hyperliquid WCTshort+0.0100%1h0.04207+0.198%$191K$262K3x
Binance WCTUSDT+0.0100%4h0.04200+0.024%$1.9M$2.4M25xas long as short
Bybit WCTUSDT+0.0100%4h0.04196−0.071%$894K$480K25xas long as short
OKX WCT-USDT-SWAPlong+0.0100%4h0.04199long leg$389K$582K20x
Gate WCT_USDT+0.0100%8h0.04196−0.071%$105K$48K25xas long as short
MEXC WCT_USDT+0.0100%4h0.041990.000%$355K$124K50xas long as short
KuCoin WCTUSDTM+0.0100%4h0.04206+0.167%$135K$28K25xas long as short
Bitget WCTUSDT+0.0100%4h0.041990.000%$399K$311K25xas long as short
BingX WCT-USDT+0.0100%4h0.04197−0.048%$6.5Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni WCT+0.0100%4h0.04192−0.178%$7K$2Kas long as short