Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.190%

Price spread now: Reya against Variational Omni−0.262%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.262% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.262% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 46 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WIF	0.2478	0.0100	pay 0.0050% / 4h	48m 24s	$75K	$69K	—
Short	Reya WIFRUSDPERP	0.2472	0.0558	get 0.0070% / 1h	48m 24s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now −0.262%Rate

Funding earned: $96.11
Price spread: −0.262% → 0.000%: −$26.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $63.93
Costs to cover: 0.060%
Break-even: 2.3 days

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Variational Omni and 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	−0.0297%	1h	0.2465	−0.507%	$81K	$278K	10x	as long as short
BloFin WIF-USDT	−0.0183%	4h	0.2468	−0.406%	$1.0M	$825K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2471	−0.303%	$19K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2470	−0.326%	$44K	$260K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2474	−0.149%	$800	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−0.326%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2474	−0.180%	$139K	$629K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2475	−0.124%	$57K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2472	−0.231%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2472	−0.235%	$76K	$57K	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	0.2476	−0.083%	$19.1M	$115.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2473	−0.204%	$17.0M	$38.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2474	−0.164%	$5.9M	$35.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2473	−0.204%	$1.2M	$7.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2474	−0.164%	$22.4M	$11.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2473	−0.204%	$4.5M	$13.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2475	−0.124%	$7.4M	$13.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2473	−0.204%	—	$23.5M	—	as long as short
Variational Omni WIFlong	+0.0100%	4h	0.2478	long leg	$75K	$69K	—
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2489	+0.422%	$285K	$2.2M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2483	+0.199%	$45K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2471	−0.285%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2467	−0.447%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2471	−0.285%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2466	−0.487%	$165K	$695K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2472	−0.231%	$10K	$148K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2470	−0.342%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0141% / S −0.0018%	1h	0.2471	−0.291%	$8K	—	100x	as long as short
Kraken Futures PF_WIFUSD	+0.0262%	1h	0.2472	−0.244%	$645K	$2.3M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0328%	1h	0.2473	−0.204%	$329K	$2.7M	50x	as long as short
Hyperliquid WIF	+0.0375%	1h	0.2479	+0.030%	$8.1M	$4.8M	5x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2472	−0.262%	$0	—	15x