Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: BingX against Reya−4.990%7-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 BingX

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

Funding pays, the price is against you. BingX is 4.990% cheaper against Reya than usual: you would sell low and buy high (spread −4.990% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$499 on $10k: about 6 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WLFIRUSDPERP	0.06046	0	get 0.0000% / 1h	12m 45s	—	—	—
Short	BingX WLFI-USDC	0.05744	0.0100	get 0.0050% / 4h	12m 45s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −4.990%Rate

Funding earned: $21
Price spread: −4.990% → 0.000%: −$499
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$494
Costs to cover: 0.160%
Break-even: 171.7 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 5 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 BingX live order book, 5 min ago	3.49 bp	18.9 bp −$19	68.3 bp −$683	474.3 bp −$47.4K	959.6 bp −$479.8K

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
Lighter WLFI	−0.0056%	1h	0.05742	−5.023%	$1.0M	$442K	5x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−5.106%	$32K	$15K	50x	as long as short
Aster WLFIUSDT	−0.0047%	4h	0.05750	−4.898%	$1.6M	$574K	20x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06046	long leg	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05749	−4.904%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.453%	$6K	$77K	5.5x	as long as short
Variational Omni WLFI	+0.0068%	4h	0.05742	−5.015%	$448K	$40K	—	as long as short
Paradex WLFI-USD-PERP	+0.0088%	8h	0.05746	−4.961%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05745	−4.973%	$81K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05746	−4.957%	$10.5M	$1.3M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05746	−4.954%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05748	−4.916%	$138.4M	$41.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05744	−4.990%	$21.1M	$18.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05745	−4.973%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05748	−4.922%	$7K	$7K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05745	−4.973%	$3.4M	$3.0M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05747	−4.940%	$13.6M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05746	−4.957%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05744	−4.990%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDCshort	+0.0100%	4h	0.05744	−4.990%	—	$2.3M	—
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05750	−4.891%	$239K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05748	−4.921%	$277K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05740	−5.056%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05760	−4.725%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05752	−4.858%	$103	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05745	−4.975%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05755	−4.808%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05752	−4.858%	$99K	$87K	20x	as long as short
dYdX WLFI-USD	+0.0201%	1h	0.05734	−5.156%	$11K	$970	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05746	−4.955%	$3K	—	100x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0272%	1h	0.05754	−4.825%	$522	$11K	10x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05755	−4.808%	$4.8M	$87K	75x	as long as short