Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h —

Price spread now: Deribit against Reya−4.360%7-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 Deribit

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. Deribit is 4.360% cheaper against Reya than usual: you would sell low and buy high (spread −4.360% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$436 on $10k: about 5 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLFIRUSDPERP	0.06046	0	get 0.0000% / 1h	21m 53s	—	—	—
Short	Deribit WLFI_USDC-PERPETUAL	0.05782	0.0096	get 0.0012% / 1h	21m 53s	$525	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −4.360%Rate

Funding earned: $20.16
Price spread: −4.360% → 0.000%: −$435.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$428.79
Costs to cover: 0.130%
Break-even: 155.9 days

Slippage unknown: Reya: no order-book sample; Deribit: 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 Deribit no order-book sample	—	—	—	—	—

Reya and Deribit: 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 31 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	−0.0328%	1h	0.05776	−4.451%	$74K	$48K	20x	as long as short
Lighter WLFI	−0.0048%	1h	0.05769	−4.575%	$1.0M	$409K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	−5.104%	$32K	$15K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05768	−4.592%	$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	0.05777	−4.446%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.451%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0055%	4h	0.05772	−4.522%	$1.6M	$591K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05775	−4.473%	$2K	$118	5x	as long as short
01 Exchange WLFIUSD	+0.0088%	1h	0.05779	−4.409%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUALshort	+0.0096%	1h	0.05782	−4.360%	$525	$11K	10x
Nado WLFI-PERP	+0.0100%	1h	0.05775	−4.475%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05771	−4.543%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05774	−4.494%	$248K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05777	−4.446%	$138.6M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05770	−4.558%	$21.3M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05770	−4.558%	$7.7M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05781	−4.374%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05775	−4.475%	$3.5M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05776	−4.459%	$14.8M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05774	−4.492%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05771	−4.542%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05777	−4.442%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05777	−4.442%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05762	−4.698%	$450K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	−4.558%	$280K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−4.558%	$33K	$40K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	−4.393%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05778	−4.426%	$120	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05767	−4.608%	$133K	$490K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05775	−4.472%	$3K	—	100x	as long as short