Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.137%

Price spread now: OKX against Reya+0.174%7-day average — · you sell dearer than you buy

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

Long on Reya Short on OKX

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

The price spread pays, funding is against you. OKX is 0.174% dearer against Reya than usual: you sell high and buy low (spread +0.174% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya WIFRUSDPERP	0.2538	0.0558	pay 0.0070% / 1h	18m 14s	$1	—	15x
Short	OKX WIF-USDT-SWAP	0.2542	0.0100	get 0.0050% / 4h	3h 18m	$6.1M	$39.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.174%Rate

Funding earned: −$96.11
Price spread: +0.174% → 0.000%: $17.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$94.72
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	1.98 bp	12.9 bp −$13	32.2 bp −$322	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.

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-USDT	−0.0192%	4h	0.2537	−0.023%	$1.1M	$905K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2533	−0.161%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2543	+0.213%	$39K	$263K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2541	+0.149%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+0.686%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2544	+0.265%	$146K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2535	−0.102%	$52K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2541	+0.116%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2535	−0.098%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2541	+0.121%	$20.1M	$129.4M	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	0.2542	+0.174%	$17.5M	$43.0M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2542	+0.174%	$6.1M	$39.1M	50x
Gate WIF_USDT	+0.0100%	4h	0.2539	+0.056%	$1.2M	$8.3M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2539	+0.056%	$23.6M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2540	+0.095%	$4.3M	$15.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2542	+0.174%	$7.8M	$14.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2540	+0.095%	—	$23.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2536	−0.055%	$76K	$306K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	−0.100%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2533	−0.181%	$290K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2541	+0.134%	$47K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2543	+0.213%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2533	−0.181%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2541	+0.154%	$594	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2542	+0.174%	$167K	$736K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2541	+0.127%	$12K	$118K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2543	+0.196%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0111% / S +0.0021%	1h	0.2542	+0.162%	$9K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2543	+0.213%	$337K	$3.1M	50x	as long as short
Kraken Futures PF_WIFUSD	+0.0362%	1h	0.2543	+0.204%	$664K	$2.4M	50x	as long as short
Reya WIFRUSDPERPlong	+0.0558%	1h	0.2538	long leg	$1	—	15x
Hyperliquid WIF	+0.0631%	1h	0.2543	+0.225%	$8.5M	$5.2M	5x	as long as short