Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0043%/8h= −4.8% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: Reya against dYdX+4.714%7-day average — · you sell dearer than you buy

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

Long on dYdX 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 4.714% dearer against dYdX than usual: you sell high and buy low (spread +4.714% now, against zero (this spread has no 7-day history yet)): +$471 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WLFI-USD	0.05774	0.0043	pay 0.0005% / 1h	33m 01s	$11K	$943	5x
Short	Reya WLFIRUSDPERP	0.06046	0	get 0.0000% / 1h	33m 01s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now +4.714%Rate

Funding earned: −$9.11
Price spread: +4.714% → 0.000%: $471.41
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $446.3
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

dYdX 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.

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	−0.0144%	1h	0.05737	−0.633%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06046	+4.714%	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05771	−0.044%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.997%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USDlong	+0.0043%	1h	0.05774	long leg	$11K	$943	5x
Lighter WLFI	+0.0096%	1h	0.05764	−0.166%	$1.0M	$456K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0097%	1h	0.05771	−0.044%	$524	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05770	−0.067%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05770	−0.070%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05773	−0.013%	$1.6M	$587K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05772	−0.027%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05773	−0.001%	$139.2M	$42.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05769	−0.079%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05769	−0.079%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05775	+0.027%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05770	−0.062%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05772	−0.027%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05775	+0.025%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05767	−0.114%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05776	+0.042%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05774	+0.007%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05781	+0.122%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05781	+0.125%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	+0.285%	$34K	$38K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05768	−0.096%	$82K	$23K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	+0.111%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05770	−0.062%	$90	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	−0.097%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0192%	1h	0.05773	−0.010%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05772	−0.024%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05775	+0.025%	$4.8M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05774	+0.011%	$97K	$90K	20x	as long as short