Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.137%

Price spread now: OKX against Reya+0.159%7-day average — · you sell dearer than you buy

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

Long on Reya Short on OKX

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

The price spread pays, funding is against you. OKX is 0.159% dearer against Reya than usual: you sell high and buy low (spread +0.159% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WIFRUSDPERP	0.2450	0.0558	pay 0.0070% / 1h	57m 53s	$0	—	15x
Short	OKX WIF-USDT-SWAP	0.2454	0.0100	get 0.0050% / 4h	2h 57m	$5.9M	$34.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.159%Rate

Funding earned: −$96.11
Price spread: +0.159% → 0.000%: $15.86
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.25
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	2.04 bp	16.8 bp −$17	41.7 bp −$417	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.

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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	+0.812%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0168%	4h	0.2456	+0.240%	$1.2M	$7.3M	50x	as long as short
Kraken Futures PF_WIFUSD	−0.0075%	1h	0.2449	−0.044%	$639K	$2.3M	50x	as long as short
KuCoin WIFUSDTM	−0.0056%	4h	0.2456	+0.240%	$4.6M	$12.7M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2438	−0.511%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2450	−0.005%	$48K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2449	−0.031%	$792	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2452	+0.065%	$146K	$596K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2450	−0.005%	$55K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0099%	4h	0.2450	−0.005%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2458	+0.322%	$7.9M	$4.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2454	+0.173%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2439	−0.445%	$76K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2457	+0.268%	$18.5M	$110.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2458	+0.306%	$16.8M	$37.7M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2454	+0.159%	$5.9M	$34.0M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2457	+0.281%	$22.3M	$11.0M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2456	+0.240%	$7.4M	$12.4M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2457	+0.281%	—	$65.8M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2453	+0.101%	$73K	$262K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2442	−0.328%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2437	−0.530%	$276K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2461	+0.444%	$42K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2445	−0.209%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2447	−0.107%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2449	−0.045%	$167K	$747K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2457	+0.267%	$9K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2449	−0.066%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0183% / S −0.0045%	1h	0.2450	−0.007%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2448	−0.086%	$320K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2456	+0.240%	$1.0M	$699K	75x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2450	long leg	$0	—	15x