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: Reya against Variational Omni+5.563%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 5.563% dearer against Variational Omni than usual: you sell high and buy low (spread +5.563% now, against zero (this spread has no 7-day history yet)): +$556 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni WLFI	0.05727	0.0100	pay 0.0050% / 4h	3h 59m	$444K	$31K	—
Short	Reya WLFIRUSDPERP	0.06045	0	get 0.0000% / 1h	59m 25s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now +5.563%Rate

Funding earned: −$21
Price spread: +5.563% → 0.000%: $556.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $529.35
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 15 min ago; Reya: 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 Variational Omni RFQ quote, 15 min ago	4.38 bp	doesn't fit	32.4 bp −$324	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
01 Exchange WLFIUSD	−0.0384%	1h	0.05735	+0.144%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	−0.0110%	1h	0.05737	+0.178%	$73K	$50K	20x	as long as short
Aster WLFIUSDT	−0.0038%	4h	0.05737	+0.187%	$1.6M	$583K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05737	+0.179%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06045	+5.563%	—	—	—
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05734	+0.127%	$520	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05738	+0.188%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.187%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0048%	1h	0.05736	+0.162%	$970K	$380K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0079%	8h	0.05744	+0.305%	$2K	$108	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WLFI-PERP	+0.0100%	1h	0.05733	+0.118%	$79K	$26K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05733	+0.103%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05739	+0.216%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05740	+0.235%	$137.4M	$40.2M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05735	+0.144%	$20.9M	$17.7M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05732	+0.092%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05739	+0.221%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05736	+0.162%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05739	+0.214%	$14.5M	$21.3M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05741	+0.249%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05733	+0.110%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05740	+0.232%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05746	+0.337%	$239K	$28K	10x	as long as short
Variational Omni WLFIlong	+0.0100%	4h	0.05727	long leg	$444K	$31K	—
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05740	+0.233%	$276K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	+0.232%	$33K	$42K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05740	+0.232%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05736	+0.162%	$112	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05733	+0.106%	$133K	$490K	10x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	+0.179%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05733	+0.118%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05744	+0.302%	$4.7M	$77K	75x	as long as short