Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.137%

Price spread now: SunX against Reya−0.047%50s7-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 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 against this trade now: funding costs −$14 a day on $10k at the current rate, and SunX is 0.047% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WIFRUSDPERP	0.2385	0.0558	pay 0.0070% / 1h	24m 28s	$0	—	15x
Short	SunX WIF-USDT	0.2384	0.0100	get 0.0050% / 4h	2h 24m	$2K	$3.0M	50x

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 −0.047%Rate

Funding earned: −$96.11
Price spread: −0.047% → 0.000%: −$4.66
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$114.77
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 3 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, 3 min ago	33.70 bp	62.8 bp −$63	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.

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
BloFin WIF-USDT	−0.0140%	4h	0.2385	−0.005%	$975K	$899K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2381	−0.190%	$13K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2387	+0.094%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0017%	1h	0.2381	−0.172%	$73K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0090% / S +0.0030%	1h	0.2387	+0.068%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2383	−0.093%	$145K	$670K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2387	+0.079%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2383	−0.101%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2385	−0.022%	$29K	$330K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2382	−0.141%	$75K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2387	+0.063%	$18.5M	$139.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2385	−0.005%	$16.2M	$46.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2386	+0.037%	$5.4M	$39.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2384	−0.047%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2383	−0.089%	$21.4M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2382	−0.130%	$3.9M	$16.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2386	+0.037%	$7.2M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2376	−0.382%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2376	−0.378%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2378	−0.282%	$269K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2377	−0.340%	$44K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2387	+0.079%	$4K	$1.1M	10x	as long as short
SunX WIF-USDTshort	+0.0100%	4h	0.2384	−0.047%	$2K	$3.0M	50x
SoDEX WIF-USD	+0.0100%	1h	0.2386	+0.037%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2382	−0.130%	$154K	$829K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2384	−0.053%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2386	+0.016%	$80K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0169%	1h	0.2387	+0.079%	$32K	$274K	25x	as long as short
Kraken Futures PF_WIFUSD	+0.0250%	1h	0.2387	+0.059%	$619K	$2.5M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2388	+0.121%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2385	long leg	$0	—	15x
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.540%	$10K	$10K	12x	as long as short