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 −0.145%

Price spread now: Binance against Reya+0.078%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Binance

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

The price spread pays, funding is against you. Binance is 0.078% dearer against Reya than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WIFRUSDPERP	0.2397	0.0558	pay 0.0070% / 1h	33m 20s	$0	—	15x
Short	Binance WIFUSDT	0.2399	0.0100	get 0.0050% / 4h	1h 33m	$17.8M	$100.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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 ReyabpFee BinancebpOrdersPrice spread, now +0.078%Rate

Funding earned: −$96.11
Price spread: +0.078% → 0.000%: $7.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$104.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Binance: live order book, 10 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	2.08 bp	13.4 bp −$13	36.5 bp −$365	111.2 bp −$11.1K	doesn't fit

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	−0.0282%	1h	0.2400	+0.101%	$76K	$239K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0166%	1h	0.2400	+0.117%	$47K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0090%	4h	0.2400	+0.117%	$4.2M	$11.4M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2402	+0.187%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2399	+0.061%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−0.091%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0092%	4h	0.2400	+0.117%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2401	+0.138%	$135K	$549K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2400	+0.117%	$53K	$483K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2404	+0.263%	$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	0.2398	+0.032%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2402	+0.195%	$76K	$49K	5x	as long as short
Binance WIFUSDTshort	+0.0100%	4h	0.2399	+0.078%	$17.8M	$100.7M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2399	+0.084%	$16.6M	$35.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2399	+0.076%	$6.0M	$31.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2399	+0.076%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2399	+0.076%	$21.5M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2400	+0.117%	$7.4M	$11.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2398	+0.034%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2405	+0.335%	$71K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2401	+0.144%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2401	+0.159%	$42K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2397	−0.008%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2399	+0.096%	$552	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2395	−0.091%	$166K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2400	+0.121%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2402	+0.199%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0206% / S −0.1141%	1h	0.2398	+0.046%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2402	+0.201%	$316K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2401	+0.159%	$971K	$705K	75x	as long as short
Kraken Futures PF_WIFUSD	+0.0376%	1h	0.2403	+0.230%	$626K	$2.2M	50x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2397	long leg	$0	—	15x