Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h —

Price spread now: Reya against Deribit+4.919%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 4.919% dearer against Deribit than usual: you sell high and buy low (spread +4.919% now, against zero (this spread has no 7-day history yet)): +$492 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	Deribit WLFI_USDC-PERPETUAL	0.05762	0.0097	pay 0.0012% / 1h	25m 00s	$523	$11K	10x
Short	Reya WLFIRUSDPERP	0.06045	0	get 0.0000% / 1h	25m 00s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now +4.919%Rate

Funding earned: −$20.42
Price spread: +4.919% → 0.000%: $491.86
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $458.44
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Deribit and 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
Kraken Futures PF_WLFIUSD	−0.0109%	1h	0.05760	−0.028%	$73K	$49K	20x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05759	−0.059%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06045	+4.919%	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05759	−0.055%	$315	—	150x	as long as short
Lighter WLFI	+0.0008%	1h	0.05753	−0.156%	$991K	$398K	5x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−0.798%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0044%	4h	0.05757	−0.094%	$1.6M	$587K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0087%	8h	0.05755	−0.121%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUALlong	+0.0097%	1h	0.05762	long leg	$523	$11K	10x
Nado WLFI-PERP	+0.0100%	1h	0.05757	−0.078%	$80K	$25K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05758	−0.075%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05758	−0.061%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05761	−0.017%	$138.0M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05754	−0.139%	$21.1M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05758	−0.069%	$7.6M	$12.8M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05762	−0.003%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05758	−0.069%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05761	−0.017%	$14.3M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05759	−0.052%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05757	−0.087%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05757	−0.087%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05760	−0.035%	$240K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05752	−0.181%	$443K	$34K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−0.208%	$278K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−0.035%	$33K	$41K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	+0.139%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05760	−0.035%	$114	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05756	−0.101%	$133K	$660K	10x	as long as short
01 Exchange WLFIUSD	+0.0136%	1h	0.05760	−0.035%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−0.434%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05755	−0.120%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05762	0.000%	$4.7M	$78K	75x	as long as short