WCT funding rates

WCT perpetual funding across 7 venues. Rates are annualized (APR); positive means longs pay shorts.

Data as of 2026-10-12 04:46 UTC · refreshed every 5 min

Best pair · 7d: 4.9%long Bybit, short Variational · net 2.0%
Highest funding now: 10.9%Hyperliquid
Lowest funding now: 8.8%MEXCCEX
Listed on: 7 venues

Funding by venue

													Open
Hyperliquid	WCT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	1h	—	0.04235	$84k	$62k	HyHyperliquid
BybitCEX	WCTUSDT	10.9%	10.6%	6.1%	6.0%	5.4%	83%	4h	08:00	0.04228	$787k	$115k	ByBybit
BitgetCEX	WCTUSDT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	08:00	0.04227	$377k	$57k	BgBitget
GateCEX	WCT_USDT	10.9%	10.9%	10.8%	10.9%	10.7%	100%	8h	08:00	0.04234	$105k	$13k	GtGate
Variational	WCT	10.9%	10.9%	10.9%	10.9%	10.9%	100%	4h	—	0.04223	$5k	$4k	VaVariational
BinanceCEX	WCTUSDT	9.2%	10.0%	8.0%	9.6%	7.7%	92%	4h	08:00	0.04232	$1.8M	$889k	BnBinance
MEXCCEX	WCT_USDT	8.8%	10.7%	8.2%	10.2%	7.8%	93%	4h	08:00	0.04231	$382k	$137k	MxMEXC

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
											Flags	Open	Calc
		Spread APR				After taker fees			Quality
BybitCEX	Variational	0.0%	0.4%	4.9%	4.9%	2.0%	3.0%	8.3d	cooling	$5k	low OIspread not incl.	By Va	calc
MEXCCEX	Variational	2.2%	0.2%	2.7%	0.6%	1.7%	2.6%	5.3d	weak	$5k	low OIspread not incl.	Mx Va	calc
BinanceCEX	Variational	1.8%	0.9%	2.9%	1.3%	0.3%	0.5%	12d	weak	$5k	low OIspread not incl.	Bn Va	calc
BybitCEX	Hyperliquid	0.0%	0.4%	4.9%	5.0%	−0.4%	−0.5%	15d	cooling	$84k	4h/1h	By Hy	calc
MEXCCEX	Hyperliquid	2.2%	0.2%	2.7%	0.7%	−0.6%	−1.0%	17d	weak	$84k	4h/1h	Mx Hy	calc
BybitCEX	BitgetCEX	0.0%	0.4%	4.9%	5.0%	−1.1%	−1.7%	17d	cooling	$377k		By Bg	calc
MEXCCEX	BitgetCEX	2.2%	0.2%	2.7%	0.7%	−1.4%	−2.1%	21d	weak	$377k		Mx Bg	calc
BybitCEX	MEXCCEX	−2.2%	0.2%	2.1%	4.3%	−1.8%	−2.7%	26d	weak	$382k		By Mx	calc
BinanceCEX	Hyperliquid	1.8%	0.9%	2.9%	1.3%	−2.0%	−3.0%	24d	weak	$84k	4h/1h	Bn Hy	calc
BybitCEX	GateCEX	0.0%	0.4%	4.7%	4.9%	−2.1%	−3.2%	20d	cooling	$105k	4h/8h	By Gt	calc
MEXCCEX	GateCEX	2.2%	0.2%	2.6%	0.7%	−2.4%	−3.6%	27d	weak	$105k	4h/8h	Mx Gt	calc
BinanceCEX	BitgetCEX	1.8%	0.9%	2.9%	1.3%	−2.8%	−4.2%	27d	weak	$377k		Bn Bg	calc
BinanceCEX	MEXCCEX	−0.4%	0.7%	0.2%	0.1%	−3.5%	−5.2%	280d	weak	$382k		Bn Mx	calc
BybitCEX	BinanceCEX	−1.8%	−0.6%	1.9%	1.9%	−3.6%	−5.3%	40d	weak	$787k		By Bn	calc
BinanceCEX	GateCEX	1.8%	0.9%	2.8%	1.2%	−3.8%	−5.6%	33d	weak	$105k	4h/8h	Bn Gt	calc
MEXCCEX	BinanceCEX	0.4%	−0.7%	−0.2%	−0.1%	−3.8%	−5.7%	—	weak	$382k		Mx Bn	calc
MEXCCEX	BybitCEX	2.2%	−0.2%	−2.1%	−4.3%	−6.0%	−9.0%	—	weak	$382k		Mx By	calc
GateCEX	Hyperliquid	0.0%	0.0%	0.2%	0.0%	−6.1%	−9.1%	494d	weak	$84k	8h/1h	Gt Hy	calc
GateCEX	BitgetCEX	0.0%	0.0%	0.2%	0.0%	−6.9%	−10.3%	556d	weak	$105k	8h/4h	Gt Bg	calc
BinanceCEX	BybitCEX	1.8%	0.6%	−1.9%	−1.9%	−7.4%	−11.1%	—	weak	$787k		Bn By	calc
GateCEX	Variational	0.0%	0.0%	0.2%	0.0%	−3.7%	−5.6%	309d	weak	$5k	low OI8h/4hspread not incl.	Gt Va	calc

What the columns and badges mean

now: Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h: Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d: Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d: Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend: Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR: 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital: Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven: Days of 7d-average funding needed to pay back open+close taker fees.
Min OI: Smaller open interest of the two legs, USD.
steady: Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike: The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed: The spread was negative too often: not negative in only X% of hours over 7 days.
new: Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak: Prior-week spread under 5% APR: too small to call steady.
cooling: The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?: Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale: At least one leg has not updated for over 30 minutes.
low OI: Open interest under $50k on at least one leg — size carefully.
8h/1h: Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi: Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only: Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.: A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX: Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 04:46 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Indicative (mark or mid prices): buy on Variational at 0.0422279, sell on Hyperliquid at 0.042351: 0.291% before fees, 0.201% after taker fees.

WCT: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →	Hyperliquid0.042351	Gate0.04234	Binance0.04232	MEXC0.04231	Bybit0.04228	Bitget0.04227	Variational0.0422279
Variational0.0422279	0.291%	0.265%	0.218%	0.194%	0.123%	0.100%	—
Bitget0.04227	0.191%	0.165%	0.118%	0.095%	0.024%	—	−0.100%
Bybit0.04228	0.168%	0.142%	0.095%	0.071%	—	−0.024%	−0.123%
MEXC0.04231	0.097%	0.071%	0.024%	—	−0.071%	−0.095%	−0.194%
Binance0.04232	0.073%	0.047%	—	−0.024%	−0.095%	−0.118%	−0.218%
Gate0.04234	0.026%	—	−0.047%	−0.071%	−0.142%	−0.165%	−0.265%
Hyperliquid0.042351	—	−0.026%	−0.073%	−0.097%	−0.168%	−0.191%	−0.291%

All quotes (7)

Venue	Bid	Ask	Quality	Age	Vol 24h	Flags
BinanceCEX	0.04232	0.04232	mark	7m	$889k	no FX
BitgetCEX	0.04227	0.04227	mark	7m	$57k	no FX
BybitCEX	0.04228	0.04228	mark	7m	$115k	no FX
GateCEX	0.04234	0.04234	mark	7m	$13k	no FX
Hyperliquid	0.042351	0.042351	mark	8m	$62k
MEXCCEX	0.04231	0.04231	mark	8m	$137k	no FX
Variational	0.0422279	0.0422279	mark	8m	$4k

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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