So it would be hard to describe it, it's better to see it yourself:
http://physics.info/waves/surface-wave.html (Angular velocity of rotating points is constant I presume)
What is it called? What does it describe in real world and what's the y=f(x-t) type equation for it?
I tried exp(cos(x-t)) but doesn't really match.... It must be something easy
My guess is that this is not linear function. The linear version of it would be cycloid when the angular velocity of the rotation is constant, here is the demo
https://www.desmos.com/calculator/hs8tmubs1g
But crests not being pointy but rather smooth leads me to think that this is a non-linear motion, maybe elliptical or something like this:
https://www.youtube.com/watch?v=PICtFKNlXb8