Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0383%/8h= −41.9% APRnext payment −$0.48 per $10,000 · paid last 24h —

Price spread now: Reya against GMX+5.810%7-day average — · you sell dearer than you buy

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

Long on GMX 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 5.810% dearer against GMX than usual: you sell high and buy low (spread +5.810% now, against zero (this spread has no 7-day history yet)): +$581 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 51 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WLFI/USD [ETH-USDC]	0.05713	L +0.0383% / S −0.2839%	pay 0.0048% / 1h	6m 58s	$14K	—	100x
Short	Reya WLFIRUSDPERP	0.06045	0	get 0.0000% / 1h	6m 58s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. 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 GMXbpFee ReyabpOrdersPrice spread, now +5.810%Rate

Funding earned: −$80.45
Price spread: +5.810% → 0.000%: $580.97
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $482.53
Costs to cover: 0.180%
Break-even: from the start

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

GMX 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
Kraken Futures PF_WLFIUSD	−0.0591%	1h	0.05711	−0.045%	$73K	$88K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	−0.0275%	1h	0.05714	+0.009%	$10K	$624	10x	as long as short
Aster WLFIUSDT	−0.0241%	4h	0.05713	−0.003%	$1.6M	$568K	20x	as long as short
Lighter WLFI	−0.0184%	1h	0.05707	−0.114%	$941K	$370K	5x	as long as short
Injective WLFI/USDC PERP	−0.0018%	1h	0.05722	+0.149%	$6K	$64K	5.5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05712	−0.020%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06045	+5.810%	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05714	+0.013%	$312	—	150x	as long as short
OKX WLFI-USDT-SWAP	+0.0006%	4h	0.05709	−0.079%	$7.5M	$12.4M	50x	as long as short
Paradex WLFI-USD-PERP	+0.0037%	8h	0.05710	−0.064%	$2K	$108	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	+0.0064%	1h	0.05712	−0.026%	$4K	$319	3x	as long as short
Hyperliquid WLFI	+0.0077%	1h	0.05708	−0.102%	$10.5M	$1.2M	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05708	−0.096%	$79K	$28K	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05709	−0.072%	$242K	$10K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05714	+0.002%	$136.6M	$38.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05710	−0.061%	$20.5M	$16.9M	75x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05716	+0.040%	$1K	$10	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05710	−0.061%	$3.4M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05716	+0.044%	$14.9M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05713	−0.009%	$3.3M	$966K	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05709	−0.079%	$7.9M	$3.0M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05712	−0.026%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05713	−0.009%	$238K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05715	+0.024%	$442K	$30K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05720	+0.113%	$273K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05710	−0.061%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05710	−0.061%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05712	−0.026%	$114	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05706	−0.135%	$132K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0208%	1h	0.05737	+0.411%	$32K	$16K	50x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05716	+0.044%	$4.7M	$74K	75x	as long as short
GMX WLFI/USD [ETH-USDC]long	L +0.0383% / S −0.2839%	1h	0.05713	long leg	$14K	—	100x