Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: SunX against Reya−5.053%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 SunX

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. SunX is 5.053% cheaper against Reya than usual: you would sell low and buy high (spread −5.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$505 on $10k: about 6 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	0.06045	0	get 0.0000% / 1h	58m 02s	—	—	—
Short	SunX WLFI-USDT	0.05740	0.0100	get 0.0050% / 4h	1h 58m	$38K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −5.053%Rate

Funding earned: $21
Price spread: −5.053% → 0.000%: −$505.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$498.31
Costs to cover: 0.140%
Break-even: 173.1 days

Slippage unknown: Reya: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	34.72 bp	107.2 bp −$107	doesn't fit	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 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
Lighter WLFI	−0.0264%	1h	0.05726	−5.285%	$999K	$419K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0200%	1h	0.05737	−5.103%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0154%	1h	0.05733	−5.165%	$99K	$85K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05733	−5.169%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06045	long leg	—	—	—
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05733	−5.169%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05730	−5.221%	$313	—	150x	as long as short
01 Exchange WLFIUSD	+0.0032%	1h	0.05732	−5.185%	$4K	$319	3x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.450%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0038%	4h	0.05728	−5.259%	$1.6M	$582K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05730	−5.223%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05729	−5.243%	$81K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05727	−5.260%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05729	−5.232%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05729	−5.240%	$137.5M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05721	−5.367%	$20.8M	$17.9M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05724	−5.318%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05736	−5.123%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05728	−5.252%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05732	−5.185%	$13.7M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05732	−5.185%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05725	−5.301%	$7.9M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05728	−5.252%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05731	−5.202%	$238K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05739	−5.061%	$448K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05748	−4.922%	$276K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	−4.888%	$33K	$38K	50x	as long as short
SunX WLFI-USDTshort	+0.0100%	4h	0.05740	−5.053%	$38K	$1.7M	20x
SoDEX WLFI-USD	+0.0100%	1h	0.05732	−5.185%	$118	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05722	−5.348%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	−5.177%	$3K	—	100x	as long as short