Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0752%/8h= +82.4% APRpaid last 24h +0.121%

Price spread now: Reya against BloFin−0.213%106s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.213% cheaper against BloFin than usual: you would sell low and buy high (spread −0.213% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 23 hours of funding at the current rate (+$23 a day). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2576	−0.0195	get 0.0097% / 4h	3h 29m	$1.1M	$917K	75x
Short	Reya WIFRUSDPERP	0.2571	0.0558	get 0.0070% / 1h	29m 37s	$1	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now −0.213%Rate

Funding earned: $157.99
Price spread: −0.213% → 0.000%: −$21.26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $118.73
Costs to cover: 0.180%
Break-even: 1.7 days

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	7.79 bp	18.4 bp −$18	32.6 bp −$326	89.5 bp −$8,954	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
BloFin WIF-USDTlong	−0.0195%	4h	0.2576	long leg	$1.1M	$917K	75x
dYdX WIF-USD	0.0000%	1h	0.2573	−0.098%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2573	−0.116%	$40K	$263K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2571	−0.184%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.815%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2576	+0.012%	$147K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2572	−0.155%	$53K	$562K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2572	−0.165%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2575	−0.046%	$80K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2572	−0.169%	$20.5M	$127.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2569	−0.276%	$17.6M	$42.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2570	−0.233%	$6.2M	$39.1M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2571	−0.194%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2574	−0.078%	$23.7M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2572	−0.155%	$4.3M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2571	−0.194%	$7.9M	$14.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2570	−0.233%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2571	−0.194%	$79K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2573	−0.115%	$97K	$136K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2578	+0.061%	$296K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2578	+0.078%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2574	−0.078%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2569	−0.272%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2574	−0.097%	$602	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2575	−0.039%	$169K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2570	−0.242%	$12K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2574	−0.095%	$86K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0116% / S −0.0001%	1h	0.2572	−0.154%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2577	+0.039%	$348K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0357%	1h	0.2574	−0.060%	$673K	$2.4M	50x	as long as short
Hyperliquid WIF	+0.0520%	1h	0.2580	+0.171%	$8.6M	$5.2M	5x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2571	−0.213%	$1	—	15x