Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against BingX+5.490%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—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. Reya is 5.490% dearer against BingX than usual: you sell high and buy low (spread +5.490% now, against zero (this spread has no 7-day history yet)): +$549 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX WLFI-USDT	0.05731	0.0100	pay 0.0050% / 4h	1h 35m	—	$7.3M	—
Short	Reya WLFIRUSDPERP	0.06046	0	get 0.0000% / 1h	35m 26s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now +5.490%Rate

Funding earned: −$21
Price spread: +5.490% → 0.000%: $548.98
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $511.98
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: BingX: live order book, 2 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 BingX live order book, 2 min ago	6.10 bp	17.4 bp −$17	27.1 bp −$271	83.3 bp −$8,333	489.3 bp −$244.6K
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.

WLFI 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
Coinbase International WLFI-PERP-INTX	−0.0200%	1h	0.05737	+0.105%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05738	+0.124%	$99K	$88K	20x	as long as short
Lighter WLFI	−0.0072%	1h	0.05723	−0.140%	$1.0M	$428K	5x	as long as short
Aster WLFIUSDT	−0.0005%	4h	0.05732	+0.015%	$1.6M	$584K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05733	+0.034%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06046	+5.490%	—	—	—
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05736	+0.087%	$521	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05732	+0.025%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.262%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0077%	8h	0.05729	−0.026%	$2K	$118	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange WLFIUSD	+0.0096%	1h	0.05733	+0.035%	$4K	$319	3x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05726	−0.079%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05730	−0.012%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05731	−0.005%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05735	+0.070%	$138.0M	$40.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05728	−0.052%	$20.9M	$18.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05729	−0.035%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	+0.091%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05731	0.000%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05734	+0.052%	$13.7M	$21.6M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05734	+0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05728	−0.052%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDTlong	+0.0100%	4h	0.05731	long leg	—	$7.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05735	+0.070%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05727	−0.063%	$447K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	+0.156%	$280K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.157%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.157%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05737	+0.105%	$119	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05725	−0.106%	$133K	$488K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.042%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05746	+0.262%	$4.8M	$81K	75x	as long as short