Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Reya against Bybit+5.245%46s7-day average — · you sell dearer than you buy

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

Long on Bybit 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 5.245% dearer against Bybit than usual: you sell high and buy low (spread +5.245% now, against zero (this spread has no 7-day history yet)): +$524 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. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLFIUSDT	0.05744	0.0100	pay 0.0050% / 4h	42m 40s	$21.0M	$17.4M	75x
Short	Reya WLFIRUSDPERP	0.06045	0	get 0.0000% / 1h	42m 40s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now +5.245%Rate

Funding earned: −$21
Price spread: +5.245% → 0.000%: $524.5
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $486.5
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.87 bp	8.1 bp −$8	38.8 bp −$388	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.

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
Kraken Futures PF_WLFIUSD	−0.0433%	1h	0.05750	+0.104%	$73K	$59K	20x	as long as short
Aster WLFIUSDT	−0.0136%	4h	0.05748	+0.072%	$1.6M	$581K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05752	+0.134%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06045	+5.245%	—	—	—
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05751	+0.122%	$522	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05749	+0.083%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.487%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0065%	8h	0.05750	+0.109%	$2K	$108	5x	as long as short
Lighter WLFI	+0.0072%	1h	0.05745	+0.017%	$964K	$387K	5x	as long as short
OKX WLFI-USDT-SWAP	+0.0083%	4h	0.05746	+0.035%	$7.5M	$12.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05746	+0.044%	$79K	$28K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05747	+0.045%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05747	+0.059%	$244K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05750	+0.106%	$137.7M	$39.6M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05744	long leg	$21.0M	$17.4M	75x
Arcus WLFI-USD	+0.0100%	1h	0.05754	+0.171%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05748	+0.070%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05749	+0.087%	$14.8M	$21.2M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05750	+0.104%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05745	+0.017%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05747	+0.052%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05748	+0.070%	$239K	$29K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05750	+0.101%	$445K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05759	+0.260%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.104%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	+0.279%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05749	+0.087%	$118	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05746	+0.035%	$133K	$490K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05752	+0.139%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	+0.017%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05758	+0.244%	$4.7M	$72K	75x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0368%	1h	0.05737	−0.122%	$32K	$16K	50x	as long as short