Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h —

Price spread now: Variational Omni against Reya−5.015%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 5.015% cheaper against Reya than usual: you would sell low and buy high (spread −5.015% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$501 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	0.06046	0	get 0.0000% / 1h	14m 01s	—	—	—
Short	Variational Omni WLFI	0.05742	0.0068	get 0.0034% / 4h	14m 01s	$448K	$40K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −5.015%Rate

Funding earned: $14.34
Price spread: −5.015% → 0.000%: −$501.49
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$493.15
Costs to cover: 0.060%
Break-even: 247.7 days

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 45 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 Variational Omni RFQ quote, 45 min ago	4.37 bp	doesn't fit	20.1 bp −$201	doesn't fit	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
Lighter WLFI	−0.0064%	1h	0.05740	−5.056%	$1.0M	$441K	5x	as long as short
Aster WLFIUSDT	−0.0050%	4h	0.05741	−5.032%	$1.6M	$574K	20x	as long as short
Coinbase International WLFI-PERP-INTX	−0.0048%	1h	0.05737	−5.106%	$32K	$15K	50x	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	−4.982%	$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 WLFIshort	+0.0068%	4h	0.05742	−5.015%	$448K	$40K	—
Paradex WLFI-USD-PERP	+0.0088%	8h	0.05742	−5.023%	$2K	$118	5x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0098%	1h	0.05748	−4.924%	$522	$11K	10x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05742	−5.015%	$81K	$24K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05745	−4.977%	$10.5M	$1.3M	5x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05743	−5.003%	$246K	$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	0.05740	−5.056%	$21.1M	$18.6M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05742	−5.023%	$7.6M	$12.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05744	−4.985%	$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	0.05748	−4.924%	$13.6M	$21.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05744	−4.990%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05742	−5.023%	$8.0M	$3.3M	75x	as long as short
BingX WLFI-USDT	+0.0100%	4h	0.05743	−5.007%	—	$7.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05746	−4.957%	$239K	$26K	10x	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05750	−4.891%	$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	0.05750	−4.891%	$38K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05745	−4.973%	$99	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05741	−5.041%	$133K	$483K	10x	as long as short
01 Exchange WLFIUSD	+0.0128%	1h	0.05747	−4.940%	$4K	$319	3x	as long as short
Kraken Futures PF_WLFIUSD	+0.0148%	1h	0.05748	−4.921%	$99K	$87K	20x	as long as short
dYdX WLFI-USD	+0.0182%	1h	0.05734	−5.157%	$11K	$970	5x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0252% / S −0.0496%	1h	0.05744	−4.990%	$3K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05752	−4.858%	$4.8M	$86K	75x	as long as short