Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1371%/8h= +150.2% APRnext payment +$1.71 per $10,000 · paid last 24h —

Price spread now: GMX against Reya−4.494%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 GMX

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. GMX is 4.494% cheaper against Reya than usual: you would sell low and buy high (spread −4.494% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$449 on $10k: about 11 days of funding at the current rate (+$41 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	33m 39s	—	—	—
Short	GMX WLFI/USD [ETH-USDC]	0.05774	L +0.0303% / S −0.1371%	get 0.0171% / 1h	33m 39s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −4.494%Rate

Funding earned: $287.97
Price spread: −4.494% → 0.000%: −$449.38
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$179.41
Costs to cover: 0.180%
Break-even: 11.4 days

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

Reya and GMX: 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	−5.106%	$32K	$15K	50x	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	0.05776	−4.467%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.453%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0043%	1h	0.05774	−4.501%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05768	−4.593%	$1.0M	$456K	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0096%	1h	0.05777	−4.444%	$524	$11K	10x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05770	−4.565%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05775	−4.477%	$82K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05771	−4.542%	$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
Aster WLFIUSDT	+0.0100%	4h	0.05774	−4.488%	$1.6M	$587K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05772	−4.527%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05775	−4.482%	$139.2M	$42.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05772	−4.527%	$21.1M	$19.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05770	−4.560%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05775	−4.476%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05773	−4.510%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05773	−4.510%	$13.8M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05775	−4.477%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05774	−4.494%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05776	−4.461%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05775	−4.477%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05781	−4.385%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05781	−4.381%	$283K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05770	−4.560%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	−4.395%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05776	−4.461%	$88	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05768	−4.585%	$144K	$706K	10x	as long as short
01 Exchange WLFIUSD	+0.0192%	1h	0.05773	−4.510%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]short	L +0.0303% / S −0.1371%	1h	0.05774	−4.494%	$7K	—	100x
BloFin WLFI-USDT	+0.0340%	4h	0.05793	−4.180%	$4.9M	$87K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0380%	1h	0.05779	−4.413%	$97K	$90K	20x	as long as short