Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.146%

Price spread now: MEXC against Reya+0.077%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 MEXC

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. MEXC is 0.077% dearer against Reya than usual: you sell high and buy low (spread +0.077% 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 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WIFRUSDPERP	0.2471	0.0558	pay 0.0070% / 1h	1m 53s	$0	—	15x
Short	MEXC WIF_USDT	0.2473	0.0100	get 0.0050% / 4h	2h 01m	$22.0M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$96.11
Price spread: +0.077% → 0.000%: $7.69
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$98.41
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	2.02 bp	10.3 bp −$10	25.7 bp −$257	92.3 bp −$9,227	148.8 bp −$74.4K

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 31 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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.044%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSD	−0.0074%	1h	0.2475	+0.158%	$642K	$2.3M	50x	as long as short
Backpack WIF_USDC_PERP	−0.0010%	1h	0.2472	+0.041%	$81K	$273K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2470	−0.062%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2473	+0.094%	$799	—	150x	as long as short
Gate WIF_USDT	+0.0020%	4h	0.2473	+0.077%	$1.2M	$7.5M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2472	+0.045%	$140K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2471	−0.004%	$57K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2475	+0.158%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2474	+0.101%	$35K	$279K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2470	−0.032%	$76K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2475	+0.150%	$18.9M	$113.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2473	+0.077%	$17.1M	$38.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2473	+0.077%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2473	+0.077%	$22.0M	$11.2M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2472	+0.036%	$4.5M	$13.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2473	+0.077%	$7.5M	$12.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2471	−0.004%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2476	+0.181%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2470	−0.041%	$276K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	+0.158%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2467	−0.166%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2474	+0.117%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2468	−0.125%	$166K	$699K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2472	+0.023%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2474	+0.113%	$83K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0154%	1h	0.2474	+0.117%	$49K	$266K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0165% / S −0.0033%	1h	0.2473	+0.081%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0224%	1h	0.2477	+0.219%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2475	+0.158%	$329K	$2.5M	50x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2471	long leg	$0	—	15x