Funding you earn now, next payment 00:00 UTC−0.0715%/8h= −78.3% APRnext payment −$0.89 per $10,000 · paid last 24h −0.274%
Price spread now: Deribit against Reya−0.150%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Deribit is 0.150% cheaper against Reya than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya WIFRUSDPERP | 0.2457 | 0.0558 | pay 0.0070% / 1h | 49m 46s | $0 | — | 15x |
| Short | Deribit WIF_USDC-PERPETUAL | 0.2453 | −0.0158 | pay 0.0020% / 1h | 49m 46s | $48K | $289K | 25x |
Reya WIFRUSDPERP
Deribit WIF_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$150.18
- Price spread: −0.150% → 0.000%
- −$14.98
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$178.16
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Deribit: live order book, 29 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 Deribit live order book, 29 min ago | 4.13 bp | 7.6 bp −$8 | 16.8 bp −$168 | doesn't fit | 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 | −0.0423% | 1h | 0.2450 | −0.280% | $73K | $249K | 10x | as long as short |
| Deribit WIF_USDC-PERPETUALshort | −0.0158% | 1h | 0.2453 | −0.150% | $48K | $289K | 25x | |
| dYdX WIF-USD | 0.0000% | 1h | 0.2461 | +0.159% | $18K | $589 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2456 | −0.046% | $15K | — | 150x | as long as short |
| KuCoin WIFUSDTM | +0.0016% | 4h | 0.2451 | −0.231% | $4.3M | $11.4M | 75x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2395 | −2.511% | $10K | $10K | 12x | as long as short |
| ApeX Omni WIFUSDT | +0.0083% | 1h | 0.2466 | +0.379% | $43K | $620K | 25x | as long as short |
| Orderly PERP_WIF_USDC | +0.0090% | 4h | 0.2454 | −0.109% | $5K | $1.3M | 10x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2455 | −0.068% | $138K | $562K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2458 | +0.054% | $54K | $484K | 20x | as long as short |
Backpack WIF_USDC_PERP
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
KuCoin WIFUSDTM
Injective WIF/USDC PERP
ApeX Omni WIFUSDT
Orderly PERP_WIF_USDC
Lighter WIF
Popdex WIFUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid WIF | +0.0100% | 1h | 0.2459 | +0.086% | $7.6M | $4.0M | 5x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2453 | −0.132% | $24K | $256K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2461 | +0.168% | $78K | $49K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2454 | −0.113% | $18.3M | $102.8M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2453 | −0.150% | $16.9M | $35.7M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2452 | −0.191% | $6.1M | $32.2M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2453 | −0.150% | $1.2M | $7.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2451 | −0.231% | $22.3M | $10.8M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2454 | −0.109% | $7.6M | $11.8M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2451 | −0.231% | — | $2.3M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2462 | +0.224% | $73K | $68K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2470 | +0.526% | $275K | $1.8M | 10x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2454 | −0.109% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2453 | −0.150% | $562 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2455 | −0.068% | $169K | $722K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2451 | −0.251% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2454 | −0.103% | $82K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0191% / S −0.0138% | 1h | 0.2455 | −0.077% | $6K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0264% | 1h | 0.2463 | +0.257% | $333K | $2.4M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0318% | 1h | 0.2456 | −0.034% | $655K | $2.2M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2459 | +0.094% | $997K | $729K | 75x | as long as short |
| Reya WIFRUSDPERPlong | +0.0558% | 1h | 0.2457 | long leg | $0 | — | 15x |
Hyperliquid WIF
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDC
Variational Omni WIF
GRVT WIF_USDT_Perp
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
BloFin WIF-USDT