Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Reya−5.105%48s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Coinbase International

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

Funding pays, the price is against you. Coinbase International is 5.105% cheaper against Reya than usual: you would sell low and buy high (spread −5.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$511 on $10k: about 12 months of funding at the current rate (+$1 a day). The two prices were read 48 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	Reya WLFIRUSDPERP	0.06046	0	get 0.0000% / 1h	29m 33s	—	—	—
Short	Coinbase International WLFI-PERP-INTX	0.05737	0.0048	get 0.0006% / 1h	29m 33s	$32K	$15K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Reya. 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 ReyabpFee Coinbase InternationalbpOrdersPrice spread, now −5.105%Rate

Funding earned: $10.08
Price spread: −5.105% → 0.000%: −$510.53
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$516.45
Costs to cover: 0.160%
Break-even: 365.6 days

Slippage unknown: Reya: no order-book sample; Coinbase International: 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 Reya no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Reya and Coinbase International: 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
dYdX WLFI-USD	0.0000%	1h	0.05793	−4.179%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06046	long leg	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05792	−4.196%	$317	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.453%	$6K	$77K	5.5x	as long as short
Coinbase International WLFI-PERP-INTXshort	+0.0048%	1h	0.05737	−5.105%	$32K	$15K	50x
Aster WLFIUSDT	+0.0050%	4h	0.05793	−4.186%	$1.6M	$577K	20x	as long as short
Lighter WLFI	+0.0088%	1h	0.05791	−4.212%	$1.0M	$449K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0095%	8h	0.05782	−4.368%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0095%	1h	0.05797	−4.113%	$526	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05795	−4.146%	$82K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05795	−4.146%	$10.6M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05795	−4.149%	$249K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05798	−4.097%	$139.8M	$41.6M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05792	−4.196%	$21.0M	$19.0M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05797	−4.113%	$7.7M	$13.3M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05798	−4.098%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05796	−4.129%	$3.5M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05798	−4.096%	$13.4M	$20.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05794	−4.163%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05794	−4.163%	$7.9M	$3.4M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05796	−4.129%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05797	−4.113%	$241K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05784	−4.320%	$452K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05791	−4.207%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	−4.229%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05800	−4.063%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05795	−4.146%	$105	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05794	−4.157%	$136K	$480K	10x	as long as short
01 Exchange WLFIUSD	+0.0168%	1h	0.05800	−4.063%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0298% / S −0.1279%	1h	0.05794	−4.169%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0338%	1h	0.05807	−3.951%	$100K	$87K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05795	−4.146%	$4.8M	$88K	75x	as long as short