Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.137%

Price spread now: Reya against Bitget−0.074%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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. Reya is 0.074% cheaper against Bitget than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 13 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2430	0.0100	pay 0.0050% / 4h	22m 07s	$7.5M	$11.8M	50x
Short	Reya WIFRUSDPERP	0.2428	0.0558	get 0.0070% / 1h	22m 07s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now −0.074%Rate

Funding earned: $96.11
Price spread: −0.074% → 0.000%: −$7.42
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $70.68
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: Bitget: live order book, 1 min ago; Reya: 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 Bitget live order book, 1 min ago	2.07 bp	13.9 bp −$14	24.3 bp −$243	82.0 bp −$8,198	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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.

WIF 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
Backpack WIF_USDC_PERP	−0.0399%	1h	0.2429	−0.041%	$72K	$248K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2423	−0.302%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2430	+0.008%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0022%	4h	0.2428	−0.082%	$4.3M	$11.6M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.440%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0093%	4h	0.2430	0.000%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2431	+0.045%	$136K	$571K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2429	−0.041%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2431	+0.053%	$7.5M	$4.0M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2429	−0.041%	$24K	$256K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2425	−0.214%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2430	0.000%	$18.1M	$103.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2429	−0.041%	$16.7M	$36.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2429	−0.041%	$6.0M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2428	−0.082%	$1.2M	$7.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2430	0.000%	$21.9M	$10.8M	50x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2430	long leg	$7.5M	$11.8M	50x
BingX WIF-USDC	+0.0100%	4h	0.2426	−0.165%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2419	−0.444%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2426	−0.161%	$275K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2419	−0.453%	$42K	$625K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2425	−0.206%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2430	0.000%	$555	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2425	−0.206%	$168K	$744K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2430	+0.004%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2430	−0.003%	$81K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0161%	1h	0.2432	+0.082%	$48K	$289K	25x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2431	+0.021%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2429	−0.041%	$319K	$2.4M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0321%	1h	0.2432	+0.070%	$631K	$2.2M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2422	−0.329%	$984K	$726K	75x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2428	−0.074%	$0	—	15x