Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h —

Price spread now: Reya against Injective+5.764%7-day average — · you sell dearer than you buy

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

Long on Injective 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 5.764% dearer against Injective than usual: you sell high and buy low (spread +5.764% now, against zero (this spread has no 7-day history yet)): +$576 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WLFI/USDC PERP	0.05716	0.0033	pay 0.0004% / 1h	39m 03s	$6K	$77K	5.5x
Short	Reya WLFIRUSDPERP	0.06045	0	get 0.0000% / 1h	39m 03s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now +5.764%Rate

Funding earned: −$7
Price spread: +5.764% → 0.000%: $576.42
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $563.4
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Injective 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	−0.0330%	1h	0.05747	+0.539%	$73K	$48K	20x	as long as short
Lighter WLFI	−0.0176%	1h	0.05739	+0.402%	$995K	$405K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0032%	1h	0.05737	+0.367%	$32K	$16K	50x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05739	+0.410%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06045	+5.764%	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05745	+0.505%	$314	—	150x	as long as short
Injective WLFI/USDC PERPlong	+0.0033%	1h	0.05716	long leg	$6K	$77K	5.5x
Aster WLFIUSDT	+0.0034%	4h	0.05741	+0.438%	$1.6M	$590K	20x	as long as short
01 Exchange WLFIUSD	+0.0048%	1h	0.05743	+0.472%	$4K	$319	3x	as long as short
Paradex WLFI-USD-PERP	+0.0076%	8h	0.05740	+0.425%	$2K	$118	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05748	+0.560%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05739	+0.402%	$79K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05742	+0.457%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05741	+0.443%	$246K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05747	+0.542%	$137.7M	$39.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05739	+0.402%	$20.9M	$17.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05740	+0.420%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05745	+0.511%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05744	+0.490%	$3.5M	$2.8M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05749	+0.577%	$14.9M	$21.7M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05743	+0.472%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05748	+0.560%	$8.0M	$3.2M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05741	+0.437%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05745	+0.507%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05736	+0.352%	$444K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05748	+0.562%	$279K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05750	+0.595%	$33K	$43K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	+0.595%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05745	+0.507%	$122	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05741	+0.431%	$133K	$485K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05745	+0.500%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05764	+0.840%	$4.8M	$79K	75x	as long as short