Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h —

Price spread now: Injective against Reya−5.450%52s7-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 Injective

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. Injective is 5.450% cheaper against Reya than usual: you would sell low and buy high (spread −5.450% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$545 on $10k: about 18 months of funding at the current rate (+$1 a day). The two prices were read 52 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	32m 26s	—	—	—
Short	Injective WLFI/USDC PERP	0.05716	0.0033	get 0.0004% / 1h	32m 26s	$6K	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.450%Rate

Funding earned: $7
Price spread: −5.450% → 0.000%: −$545.03
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$544.05
Costs to cover: 0.060%
Break-even: 551.1 days

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

Reya and Injective: 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	−0.0312%	1h	0.05737	−5.103%	$32K	$15K	50x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06045	long leg	—	—	—
dYdX WLFI-USD	+0.0003%	1h	0.05767	−4.609%	$11K	$943	5x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05769	−4.579%	$315	—	150x	as long as short
Injective WLFI/USDC PERPshort	+0.0033%	1h	0.05716	−5.450%	$6K	$77K	5.5x
Lighter WLFI	+0.0096%	1h	0.05769	−4.574%	$1.0M	$461K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0099%	8h	0.05768	−4.587%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05768	−4.588%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05768	−4.592%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05772	−4.529%	$1.6M	$535K	20x	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	0.05771	−4.541%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05774	−4.491%	$139.3M	$42.7M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05768	−4.590%	$21.0M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05768	−4.590%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05771	−4.541%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05770	−4.557%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05774	−4.491%	$13.8M	$20.0M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05772	−4.524%	$3.3M	$1.2M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05771	−4.541%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05769	−4.574%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05773	−4.507%	$240K	$26K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05764	−4.648%	$451K	$40K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05773	−4.505%	$285K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−4.723%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05780	−4.392%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05770	−4.557%	$89	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05767	−4.605%	$173K	$738K	10x	as long as short
01 Exchange WLFIUSD	+0.0288%	1h	0.05773	−4.507%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05766	−4.625%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0306%	1h	0.05774	−4.496%	$97K	$90K	20x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05777	−4.441%	$4.8M	$85K	75x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0617%	1h	0.05775	−4.474%	$524	$11K	10x	as long as short