Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Gate against Reya−5.169%47s7-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 Gate

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. Gate is 5.169% cheaper against Reya than usual: you would sell low and buy high (spread −5.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$517 on $10k: about 6 months of funding at the current rate (+$3 a day). The two prices were read 47 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	0.06045	0	get 0.0000% / 1h	25m 41s	—	—	—
Short	Gate WLFI_USDT	0.05733	0.0100	get 0.0050% / 4h	25m 41s	$3.4M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −5.169%Rate

Funding earned: $21
Price spread: −5.169% → 0.000%: −$516.91
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$516.91
Costs to cover: 0.210%
Break-even: 179.3 days

Slippage unknown: Reya: no order-book sample; Gate: live order book, 2 min ago. 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 Gate live order book, 2 min ago	1.75 bp	18.5 bp −$18	37.7 bp −$377	74.7 bp −$7,474	doesn't fit

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
Lighter WLFI	−0.0064%	1h	0.05728	−5.252%	$1.0M	$439K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−5.103%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0041%	4h	0.05735	−5.138%	$1.6M	$574K	20x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06045	long leg	—	—	—
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05731	−5.202%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05729	−5.242%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.450%	$6K	$77K	5.5x	as long as short
Paradex WLFI-USD-PERP	+0.0085%	8h	0.05731	−5.205%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05726	−5.277%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05731	−5.206%	$10.5M	$1.3M	5x	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	0.05732	−5.186%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05735	−5.136%	$138.1M	$40.9M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05732	−5.186%	$20.9M	$18.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05730	−5.219%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05735	−5.144%	$7K	$7K	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05733	−5.169%	$3.4M	$3.0M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05735	−5.136%	$13.7M	$21.1M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05734	−5.153%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05732	−5.186%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05734	−5.153%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05732	−5.186%	$238K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05720	−5.377%	$447K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	−5.053%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−5.053%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	−5.219%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05730	−5.219%	$101	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05731	−5.209%	$134K	$480K	10x	as long as short
dYdX WLFI-USD	+0.0116%	1h	0.05724	−5.310%	$11K	$970	5x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05739	−5.070%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0149%	1h	0.05734	−5.157%	$99K	$87K	20x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05726	−5.287%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05733	−5.169%	$4.8M	$86K	75x	as long as short