Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.137%

Price spread now: Reya against SunX+0.238%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Reya

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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and Reya is 0.238% dearer against SunX than usual: you sell high and buy low: +$24 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX WIF-USDT	0.2377	0.0100	pay 0.0050% / 4h	2h 26m	$2K	$2.8M	50x
Short	Reya WIFRUSDPERP	0.2383	0.0558	get 0.0070% / 1h	26m 20s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now +0.238%Rate

Funding earned: $96.11
Price spread: +0.238% → 0.000%: $23.84
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $105.95
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: SunX: live order book, 11 min ago; Reya: no order-book sample. 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 SunX live order book, 11 min ago	35.81 bp	93.7 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.0694%	1h	0.2374	−0.135%	$73K	$235K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+0.757%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0196%	4h	0.2381	+0.168%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0169%	1h	0.2385	+0.337%	$47K	$289K	25x	as long as short
Kraken Futures PF_WIFUSD	−0.0076%	1h	0.2386	+0.387%	$630K	$2.1M	50x	as long as short
Variational Omni WIF	−0.0043%	4h	0.2365	−0.488%	$67K	$47K	—	as long as short
dYdX WIF-USD	0.0000%	1h	0.2383	+0.248%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2385	+0.325%	$15K	—	150x	as long as short
GRVT WIF_USDT_Perp	+0.0014%	4h	0.2363	−0.606%	$263K	$1.8M	10x	as long as short
Aster WIFUSDT	+0.0018%	4h	0.2382	+0.224%	$23K	$254K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate WIF_USDT	+0.0030%	4h	0.2382	+0.210%	$1.2M	$6.9M	50x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2385	+0.337%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2385	+0.337%	$132K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2382	+0.210%	$53K	$482K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2386	+0.370%	$7.4M	$4.0M	5x	as long as short
Pacifica WIF	+0.0100%	1h	0.2382	+0.199%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2383	+0.263%	$17.6M	$99.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2384	+0.316%	$16.7M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2385	+0.337%	$6.0M	$30.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2382	+0.210%	$21.3M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2385	+0.337%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2376	−0.042%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2367	−0.421%	$42K	$617K	25x	as long as short
SunX WIF-USDTlong	+0.0100%	4h	0.2377	long leg	$2K	$2.8M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2384	+0.316%	$543	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2384	+0.294%	$165K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2384	+0.304%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2384	+0.294%	$80K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0142% / S −0.0689%	1h	0.2385	+0.318%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2388	+0.463%	$312K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2370	−0.294%	$970K	$689K	75x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2383	+0.238%	$0	—	15x