Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.164%

Price spread now: Reya against Bybit+0.091%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Reya is 0.091% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2428	0.0100	pay 0.0050% / 4h	40m 13s	$16.7M	$35.9M	50x
Short	Reya WIFRUSDPERP	0.2430	0.0558	get 0.0070% / 1h	40m 13s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now +0.091%Rate

Funding earned: $96.11
Price spread: +0.091% → 0.000%: $9.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $88.2
Costs to cover: 0.170%
Break-even: 0.6 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.05 bp	10.3 bp −$10	27.1 bp −$271	278.4 bp −$27.8K	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.

WIF 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
Backpack WIF_USDC_PERP	−0.0391%	1h	0.2427	−0.062%	$72K	$249K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2433	+0.194%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2430	+0.082%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2431	+0.106%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.359%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	+0.0040%	4h	0.2427	−0.041%	$4.3M	$11.4M	75x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2429	+0.041%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2430	+0.082%	$136K	$568K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2431	+0.124%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2433	+0.189%	$7.6M	$4.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2432	+0.153%	$24K	$256K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2435	+0.278%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2428	+0.001%	$18.1M	$103.3M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2428	long leg	$16.7M	$35.9M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2428	0.000%	$6.0M	$31.9M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2429	+0.041%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2428	0.000%	$22.0M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2429	+0.041%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2427	−0.041%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2431	+0.132%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2435	+0.288%	$276K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2448	+0.824%	$43K	$621K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2428	0.000%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2429	+0.021%	$556	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2429	+0.041%	$168K	$740K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2429	+0.044%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2429	+0.062%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2430	+0.100%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2441	+0.535%	$323K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0321%	1h	0.2431	+0.129%	$635K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2431	+0.124%	$991K	$724K	75x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2430	+0.091%	$0	—	15x