Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0747%/8h= +81.8% APRpaid last 24h +0.093%

Price spread now: Reya against BloFin+0.022%106s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Reya is 0.022% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin WIF-USDT	0.2463	−0.0189	get 0.0095% / 4h	1h 27m	$1.0M	$824K	75x
Short	Reya WIFRUSDPERP	0.2464	0.0558	get 0.0070% / 1h	27m 23s	$0	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now +0.022%Rate

Funding earned: $156.84
Price spread: +0.022% → 0.000%: $2.18
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $141.03
Costs to cover: 0.180%
Break-even: 0.7 days

Slippage unknown: BloFin: live order book, 5 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 BloFin live order book, 5 min ago	4.04 bp	10.0 bp −$10	15.0 bp −$150	54.5 bp −$5,451	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
BloFin WIF-USDTlong	−0.0189%	4h	0.2463	long leg	$1.0M	$824K	75x
dYdX WIF-USD	0.0000%	1h	0.2466	+0.141%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2463	+0.015%	$796	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.284%	$11K	$10K	12x	as long as short
Gate WIF_USDT	+0.0066%	4h	0.2468	+0.203%	$1.2M	$7.5M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2469	+0.260%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2466	+0.122%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2468	+0.187%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2467	+0.172%	$76K	$56K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2465	+0.081%	$18.8M	$114.5M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2462	−0.041%	$16.9M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2464	+0.041%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2464	+0.041%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2464	+0.041%	$4.4M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2464	+0.041%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2465	+0.081%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2467	+0.154%	$78K	$267K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	+0.284%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2464	+0.024%	$278K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2473	+0.406%	$43K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2469	+0.244%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2462	−0.041%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2469	+0.223%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2462	−0.041%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2467	+0.156%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2469	+0.224%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0138%	1h	0.2470	+0.276%	$647K	$2.3M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0154% / S −0.0026%	1h	0.2469	+0.244%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0155%	1h	0.2469	+0.244%	$46K	$258K	25x	as long as short
Hyperliquid WIF	+0.0279%	1h	0.2468	+0.211%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2468	+0.203%	$329K	$2.6M	50x	as long as short
Reya WIFRUSDPERPshort	+0.0558%	1h	0.2464	+0.022%	$0	—	15x