Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.137%

Price spread now: Reya against Bitget−0.095%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 0.095% cheaper against Bitget than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 17 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	Bitget WIFUSDT	0.2417	0.0100	pay 0.0050% / 4h	1h 22m	$7.5M	$11.7M	50x
Short	Reya WIFRUSDPERP	0.2415	0.0558	get 0.0070% / 1h	22m 09s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now −0.095%Rate

Funding earned: $96.11
Price spread: −0.095% → 0.000%: −$9.55
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $68.56
Costs to cover: 0.180%
Break-even: 2.0 days

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.08 bp	12.9 bp −$13	32.2 bp −$322	102.5 bp −$10.2K	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
Backpack WIF_USDC_PERP	−0.0252%	1h	0.2416	−0.029%	$74K	$246K	10x	as long as short
KuCoin WIFUSDTM	−0.0060%	4h	0.2415	−0.083%	$4.1M	$11.5M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2412	−0.221%	$18K	$582	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2416	−0.041%	$47K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2415	−0.083%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.910%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2415	−0.083%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2417	−0.021%	$136K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2416	−0.041%	$54K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2420	+0.112%	$7.5M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2416	−0.048%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2412	−0.209%	$76K	$50K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2417	+0.013%	$18.0M	$101.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2416	−0.041%	$16.8M	$35.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2416	−0.041%	$6.1M	$31.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2416	−0.041%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2416	−0.041%	$21.8M	$10.7M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2417	long leg	$7.5M	$11.7M	50x
BingX WIF-USDT	+0.0100%	4h	0.2416	−0.041%	—	$65.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2401	−0.654%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2409	−0.331%	$267K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2406	−0.455%	$42K	$618K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2411	−0.248%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2415	−0.062%	$554	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2409	−0.331%	$167K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2415	−0.082%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2416	−0.036%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0219% / S −0.1234%	1h	0.2416	−0.059%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2411	−0.248%	$318K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2408	−0.372%	$978K	$707K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0374%	1h	0.2417	+0.005%	$632K	$2.2M	50x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2415	−0.095%	$0	—	15x