Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Gate against Reya−5.004%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 Gate

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. Gate is 5.004% cheaper against Reya than usual: you would sell low and buy high (spread −5.004% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$500 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	1m 01s	—	—	—
Short	Gate WLFI_USDT	0.05743	0.0100	get 0.0050% / 4h	3h 01m	$3.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −5.004%Rate

Funding earned: $21
Price spread: −5.004% → 0.000%: −$500.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$500.39
Costs to cover: 0.210%
Break-even: 173.8 days

Slippage unknown: Reya: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	2.60 bp	17.4 bp −$17	42.2 bp −$422	74.9 bp −$7,495	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.

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	−0.0110%	1h	0.05743	−5.006%	$73K	$48K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	−0.0098%	1h	0.05743	−5.004%	$521	$11K	10x	as long as short
Lighter WLFI	−0.0024%	1h	0.05736	−5.120%	$991K	$401K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05755	−4.805%	$11K	$970	5x	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	0.05745	−4.968%	$314	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.451%	$6K	$77K	5.5x	as long as short
Aster WLFIUSDT	+0.0078%	4h	0.05747	−4.939%	$1.6M	$589K	20x	as long as short
Paradex WLFI-USD-PERP	+0.0088%	8h	0.05744	−4.983%	$2K	$118	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05737	−5.097%	$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	0.05749	−4.905%	$247K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05741	−5.044%	$137.5M	$39.5M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05735	−5.136%	$20.8M	$17.3M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05734	−5.153%	$7.6M	$12.7M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05749	−4.900%	$1K	$753	5x	as long as short
Gate WLFI_USDTshort	+0.0100%	4h	0.05743	−5.004%	$3.5M	$2.8M	75x
MEXC WLFI_USDT	+0.0100%	4h	0.05732	−5.186%	$15.1M	$21.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05749	−4.905%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05743	−5.004%	$8.0M	$3.1M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05738	−5.087%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05739	−5.070%	$239K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05735	−5.128%	$445K	$37K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05770	−4.557%	$278K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−4.723%	$33K	$40K	50x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05744	−4.979%	$79K	$24K	5x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05750	−4.888%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05742	−5.020%	$118	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05736	−5.128%	$133K	$512K	10x	as long as short
01 Exchange WLFIUSD	+0.0112%	1h	0.05746	−4.954%	$4K	$319	3x	as long as short
Coinbase International WLFI-PERP-INTX	+0.0232%	1h	0.05737	−5.103%	$32K	$16K	50x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05744	−4.987%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05742	−5.020%	$4.7M	$78K	75x	as long as short