Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h —

Price spread now: Paradex against Reya−5.369%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 5.369% cheaper against Reya than usual: you would sell low and buy high (spread −5.369% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$537 on $10k: about 8 months of funding at the current rate (+$2 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	47m 56s	—	—	—
Short	Paradex WLFI-USD-PERP	0.05721	0.0074	get 0.0074% / 8h	5h 47m	$2K	$118	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ParadexbpOrdersPrice spread, now −5.369%Rate

Funding earned: $15.57
Price spread: −5.369% → 0.000%: −$536.87
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$531.3
Costs to cover: 0.100%
Break-even: 245.8 days

Slippage unknown: Reya: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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 31 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	−0.0200%	1h	0.05737	−5.103%	$32K	$15K	50x	as long as short
Kraken Futures PF_WLFIUSD	−0.0155%	1h	0.05724	−5.314%	$99K	$85K	20x	as long as short
Lighter WLFI	−0.0088%	1h	0.05716	−5.450%	$998K	$420K	5x	as long as short
dYdX WLFI-USD	0.0000%	1h	0.05723	−5.336%	$11K	$970	5x	as long as short
Reya WLFIRUSDPERPlong	0.0000%	1h	0.06045	long leg	—	—	—
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05724	−5.318%	$520	$11K	10x	as long as short
Aster WLFIUSDT	+0.0002%	4h	0.05722	−5.351%	$1.6M	$581K	20x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05722	−5.352%	$313	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−5.450%	$6K	$77K	5.5x	as long as short
01 Exchange WLFIUSD	+0.0072%	1h	0.05723	−5.335%	$4K	$319	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex WLFI-USD-PERPshort	+0.0074%	8h	0.05721	−5.369%	$2K	$118	5x
Nado WLFI-PERP	+0.0100%	1h	0.05718	−5.409%	$81K	$23K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05718	−5.424%	$10.4M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05720	−5.384%	$245K	$13K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05723	−5.328%	$137.4M	$40.0M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05713	−5.500%	$20.8M	$18.0M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05716	−5.450%	$7.6M	$12.6M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05726	−5.288%	$1K	$753	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05719	−5.401%	$3.4M	$2.9M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05723	−5.335%	$13.8M	$21.5M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05722	−5.351%	$3.2M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05717	−5.434%	$7.9M	$3.3M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05719	−5.401%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05722	−5.351%	$238K	$27K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05723	−5.328%	$448K	$41K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05737	−5.097%	$280K	$1.8M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05720	−5.384%	$33K	$39K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05730	−5.219%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05724	−5.318%	$121	$6K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05716	−5.454%	$133K	$487K	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05723	−5.328%	$3K	—	100x	as long as short