Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.146%

Price spread now: Reya against MEXC+0.754%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 0.754% dearer against MEXC than usual: you sell high and buy low: +$75 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	MEXC WIF_USDT	0.2444	0.0100	pay 0.0050% / 4h	8m 53s	$24.1M	$13.2M	50x
Short	Reya WIFRUSDPERP	0.2462	0.0558	get 0.0070% / 1h	8m 53s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now +0.754%Rate

Funding earned: $96.11
Price spread: +0.754% → 0.000%: $75.41
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $161.52
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	1.96 bp	6.6 bp −$7	19.1 bp −$191	104.1 bp −$10.4K	143.4 bp −$71.7K
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
GMX WIF/USD [WBTC.b-USDC]	L −0.0213% / S +0.0283%	1h	0.2456	+0.480%	$19K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	+0.736%	$10K	$11K	12x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2452	+0.327%	$33K	$275K	25x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2447	+0.123%	$994K	$930K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0001%	1h	0.2447	+0.123%	$72K	$311K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2462	+0.723%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2455	+0.430%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2451	+0.291%	$141K	$743K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2463	+0.777%	$53K	$576K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2447	+0.102%	$9.0M	$7.5M	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	0.2447	+0.130%	$29K	$353K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2465	+0.876%	$78K	$77K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2444	0.000%	$18.8M	$152.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2447	+0.123%	$16.7M	$50.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2447	+0.123%	$5.7M	$43.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2443	−0.041%	$1.2M	$9.7M	50x	as long as short
MEXC WIF_USDTlong	+0.0100%	4h	0.2444	long leg	$24.1M	$13.2M	50x
KuCoin WIFUSDTM	+0.0100%	4h	0.2447	+0.123%	$4.0M	$17.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2447	+0.123%	$7.4M	$16.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2456	+0.491%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2481	+1.522%	$91K	$211K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2482	+1.572%	$279K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2482	+1.555%	$45K	$640K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2453	+0.368%	$6K	$1.0M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2447	+0.123%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2452	+0.323%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2445	+0.041%	$155K	$917K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2446	+0.079%	$9K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2451	+0.286%	$82K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2456	+0.491%	$327K	$3.4M	50x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2462	+0.754%	$0	—	15x
Kraken Futures PF_WIFUSD	+0.0827%	1h	0.2453	+0.361%	$647K	$2.7M	50x	as long as short