Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.146%

Price spread now: Reya against MEXC−0.036%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.036% cheaper against MEXC than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6 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	MEXC WIF_USDT	0.2403	0.0100	pay 0.0050% / 4h	2h 35m	$21.8M	$12.0M	50x
Short	Reya WIFRUSDPERP	0.2402	0.0558	get 0.0070% / 1h	35m 27s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now −0.036%Rate

Funding earned: $96.11
Price spread: −0.036% → 0.000%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $82.5
Costs to cover: 0.100%
Break-even: 1.0 days

Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago	2.10 bp	7.5 bp −$8	22.8 bp −$228	101.7 bp −$10.2K	146.5 bp −$73.2K
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-USDT	−0.0140%	4h	0.2403	0.000%	$1.0M	$897K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0001%	1h	0.2394	−0.358%	$72K	$316K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2404	+0.026%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2396	−0.291%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2402	−0.023%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0094% / S +0.0031%	1h	0.2402	−0.062%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2402	−0.021%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2403	0.000%	$51K	$569K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2404	+0.047%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2403	−0.019%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2402	−0.043%	$76K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2403	−0.001%	$18.7M	$137.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2402	−0.042%	$16.4M	$45.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2401	−0.083%	$5.5M	$39.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2402	−0.042%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2403	long leg	$21.8M	$12.0M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2403	0.000%	$4.0M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2402	−0.042%	$7.3M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2396	−0.291%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2393	−0.411%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2398	−0.217%	$277K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2402	−0.042%	$44K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2395	−0.333%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2391	−0.499%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	−0.395%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2394	−0.375%	$169K	$778K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2403	−0.005%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2393	−0.434%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2395	−0.330%	$632K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2398	−0.208%	$323K	$3.0M	50x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2402	−0.036%	$0	—	15x
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	−0.208%	$10K	$10K	12x	as long as short