Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: KuCoin against Reya−4.770%49s7-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 KuCoin

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. KuCoin is 4.770% cheaper against Reya than usual: you would sell low and buy high (spread −4.770% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$477 on $10k: about 5 months of funding at the current rate (+$3 a day). The two prices were read 49 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	26m 36s	—	—	—
Short	KuCoin WLFIUSDTM	0.05757	0.0100	get 0.0050% / 4h	3h 26m	$3.3M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −4.770%Rate

Funding earned: $21
Price spread: −4.770% → 0.000%: −$477.02
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$474.02
Costs to cover: 0.180%
Break-even: 165.0 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	7.79 bp	27.4 bp −$27	104.9 bp −$1,049	doesn't fit	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
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05755	−4.809%	$73K	$49K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05754	−4.827%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06045	long leg	—	—	—
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05757	−4.770%	$523	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05754	−4.822%	$315	—	150x	as long as short
Lighter WLFI	+0.0008%	1h	0.05750	−4.886%	$990K	$397K	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.448%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0042%	4h	0.05755	−4.801%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0086%	8h	0.05754	−4.822%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05754	−4.812%	$80K	$25K	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	0.05754	−4.812%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05754	−4.823%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05758	−4.761%	$137.9M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05753	−4.836%	$21.1M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05752	−4.853%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05759	−4.732%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05755	−4.803%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05754	−4.820%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTMshort	+0.0100%	4h	0.05757	−4.770%	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05753	−4.836%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05754	−4.820%	—	$7.2M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05755	−4.803%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05768	−4.595%	$447K	$31K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05763	−4.678%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−4.886%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	−4.721%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05755	−4.803%	$111	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05754	−4.813%	$133K	$663K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05758	−4.754%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−5.101%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05754	−4.823%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05758	−4.754%	$4.7M	$77K	75x	as long as short