Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.145%

Price spread now: Reya against Binance−0.133%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.133% cheaper against Binance than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 23 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2507	0.0100	pay 0.0050% / 4h	3h 57m	$19.8M	$162.9M	75x
Short	Reya WIFRUSDPERP	0.2504	0.0558	get 0.0070% / 1h	57m 30s	$1	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.133%Rate

Funding earned: $96.11
Price spread: −0.133% → 0.000%: −$13.29
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $66.82
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Binance: live order book, 16 min ago; Reya: no order-book sample. Net counts fees only.

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 Binance live order book, 16 min ago	2.00 bp	8.6 bp −$9	32.2 bp −$322	163.1 bp −$16.3K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 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
GMX WIF/USD [WBTC.b-USDC]	L −0.0269% / S +0.0294%	1h	0.2486	−0.838%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2484	−0.936%	$1.0M	$1.0M	75x	as long as short
Gate WIF_USDT	−0.0052%	4h	0.2504	−0.139%	$1.5M	$10.8M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2509	+0.047%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2505	−0.083%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2512	+0.168%	$147K	$805K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2508	+0.021%	$53K	$579K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2506	−0.043%	$10.0M	$8.7M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2505	−0.113%	$33K	$405K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2505	−0.080%	$78K	$84K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDTlong	+0.0100%	4h	0.2507	long leg	$19.8M	$162.9M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2509	+0.077%	$17.2M	$54.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2504	−0.139%	$5.8M	$47.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2504	−0.139%	$24.3M	$15.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2505	−0.099%	$3.9M	$17.8M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2506	−0.059%	$7.6M	$17.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2509	+0.061%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2493	−0.561%	$73K	$323K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2429	−3.123%	$115K	$320K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2493	−0.578%	$279K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2486	−0.856%	$34K	$652K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2487	−0.817%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2483	−0.976%	$1K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2485	−0.904%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2477	−1.215%	$154K	$946K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2506	−0.044%	$10K	$211K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2485	−0.916%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2486	−0.856%	$328K	$3.7M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2480	−1.096%	$10K	$27K	12x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2504	−0.133%	$1	—	15x
Kraken Futures PF_WIFUSD	+0.0744%	1h	0.2486	−0.861%	$649K	$2.9M	50x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.1360%	1h	0.2488	−0.777%	$33K	$274K	25x	as long as short