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 −0.163%

Price spread now: Bybit against Reya+0.049%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 Bybit

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. Bybit is 0.049% dearer against Reya than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WIFRUSDPERP	0.2410	0.0558	pay 0.0070% / 1h	20m 29s	$0	—	15x
Short	Bybit WIFUSDT	0.2411	0.0100	get 0.0050% / 4h	2h 20m	$16.3M	$46.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$96.11
Price spread: +0.049% → 0.000%: $4.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.16
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	2.10 bp	14.6 bp −$15	30.7 bp −$307	169.3 bp −$16.9K	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
BloFin WIF-USDT	−0.0141%	4h	0.2404	−0.253%	$970K	$906K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2407	−0.147%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2411	+0.052%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0024%	1h	0.2401	−0.395%	$74K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0088% / S +0.0031%	1h	0.2411	+0.057%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2410	−0.021%	$146K	$671K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2409	−0.046%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2412	+0.095%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2411	+0.019%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2407	−0.123%	$76K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2412	+0.066%	$18.7M	$139.8M	75x	as long as short
Bybit WIFUSDTshort	+0.0100%	4h	0.2411	+0.049%	$16.3M	$46.3M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2411	+0.037%	$5.5M	$39.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2410	−0.004%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2411	+0.037%	$21.7M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2408	−0.087%	$4.0M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2411	+0.037%	$7.3M	$15.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2411	+0.037%	—	$27.1M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2402	−0.333%	$88K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2383	−1.145%	$275K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2390	−0.834%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2412	+0.078%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2400	−0.419%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2402	−0.316%	$554	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2407	−0.129%	$155K	$829K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2406	−0.157%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2404	−0.271%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0166%	1h	0.2405	−0.212%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0249%	1h	0.2401	−0.359%	$630K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2410	−0.004%	$322K	$3.1M	50x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2410	long leg	$0	—	15x
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−0.378%	$10K	$10K	12x	as long as short