Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.137%

Price spread now: SunX against Reya−0.070%7-day average — · you buy dearer than you sell

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

Long on Reya Short on SunX

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

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and SunX is 0.070% cheaper against Reya than usual: you would sell low and buy high (−$7 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	0.2436	0.0558	pay 0.0070% / 1h	42m 47s	$0	—	15x
Short	SunX WIF-USDT	0.2434	0.0100	get 0.0050% / 4h	42m 47s	$2K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$96.11
Price spread: −0.070% → 0.000%: −$6.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$117.07
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	16.34 bp	77.7 bp −$78	doesn't fit	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	−0.0400%	1h	0.2433	−0.098%	$73K	$249K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0161%	1h	0.2434	−0.070%	$48K	$289K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2443	+0.287%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2437	+0.036%	$15K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0030%	4h	0.2435	−0.029%	$4.4M	$11.4M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.671%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2435	−0.029%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2437	+0.045%	$137K	$562K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2437	+0.054%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2440	+0.169%	$7.6M	$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	0.2438	+0.075%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2442	+0.240%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2436	+0.023%	$18.1M	$103.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2435	−0.029%	$16.8M	$35.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2435	−0.029%	$6.0M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2436	+0.012%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2437	+0.054%	$22.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2437	+0.054%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2432	−0.152%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2452	+0.677%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2445	+0.398%	$273K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2448	+0.505%	$43K	$621K	25x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2434	−0.070%	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2434	−0.070%	$557	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2434	−0.070%	$169K	$739K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2436	−0.006%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2434	−0.063%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2437	+0.038%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2441	+0.218%	$323K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0320%	1h	0.2437	+0.039%	$637K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2433	−0.111%	$988K	$724K	75x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2436	long leg	$0	—	15x