Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h —

Price spread now: Nado against Reya−4.687%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 Nado

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 · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 4.687% cheaper against Reya than usual: you would sell low and buy high (spread −4.687% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$469 on $10k: about 5 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	0.06045	0	get 0.0000% / 1h	35m 02s	—	—	—
Short	Nado WLFI-PERP	0.05762	0.0100	get 0.0012% / 1h	35m 02s	$82K	$23K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −4.687%Rate

Funding earned: $21
Price spread: −4.687% → 0.000%: −$468.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$460.71
Costs to cover: 0.130%
Break-even: 160.6 days

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

Reya and Nado: 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
Coinbase International WLFI-PERP-INTX	−0.0328%	1h	0.05732	−5.185%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06045	long leg	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05766	−4.616%	$315	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.450%	$6K	$77K	5.5x	as long as short
BloFin WLFI-USDT	+0.0050%	4h	0.05773	−4.507%	$4.8M	$91K	75x	as long as short
Lighter WLFI	+0.0096%	1h	0.05761	−4.706%	$1.0M	$467K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05761	−4.699%	$2K	$118	5x	as long as short
Nado WLFI-PERPshort	+0.0100%	1h	0.05762	−4.687%	$82K	$23K	5x
Hyperliquid WLFI	+0.0100%	1h	0.05762	−4.691%	$10.5M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05766	−4.625%	$1.6M	$533K	20x	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	0.05763	−4.666%	$246K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05766	−4.622%	$139.2M	$42.8M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05760	−4.722%	$21.1M	$19.4M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05764	−4.656%	$7.7M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05765	−4.640%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05762	−4.689%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05766	−4.623%	$13.6M	$19.8M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05768	−4.590%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05763	−4.673%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05764	−4.656%	—	$7.4M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05764	−4.656%	$234K	$31K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05757	−4.766%	$450K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05783	−4.337%	$280K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05760	−4.722%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05770	−4.557%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05766	−4.623%	$86	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05763	−4.674%	$178K	$1.0M	10x	as long as short
dYdX WLFI-USD	+0.0109%	1h	0.05769	−4.575%	$11K	$943	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0270%	1h	0.05769	−4.573%	$524	$11K	10x	as long as short
01 Exchange WLFIUSD	+0.0280%	1h	0.05767	−4.606%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05763	−4.664%	$7K	—	100x	as long as short
Kraken Futures PF_WLFIUSD	+0.0407%	1h	0.05783	−4.343%	$97K	$90K	20x	as long as short