WCT arbitrage explained
Right now WalletConnect Token (WCT) trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0402 and the highest bid on OKX spot at $0.0403.
The widest WCT perpetual spread is between Bitget and Bybit: long WCT on Bitget at $0.0402 and short on Bybit at $0.0402 for +0.02% gross, or -0.14% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best WCT route is to buy spot on Bybit and short the perpetual on Bybit: -0.10% gross, -0.30% net, with +0.030% a day of funding on the short leg.
Spot–spot WCT arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) shows 0.00% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small WCT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: WCT funding rates · WCT spread charts · WalletConnect Token price · arbitrage scanner for all coins.