Funding arb · Price arb /

WLFI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Bybit+4.614%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Reya

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 · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 4.614% dearer against Bybit than usual: you sell high and buy low (spread +4.614% now, against zero (this spread has no 7-day history yet)): +$461 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WLFIUSDT	0.05779	0.0100	pay 0.0050% / 4h	5m 18s	$21.1M	$19.2M	75x
Short	Reya WLFIRUSDPERP	0.06046	0	get 0.0000% / 1h	5m 18s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now +4.614%Rate

Funding earned: −$21
Price spread: +4.614% → 0.000%: $461.39
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $423.39
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.87 bp	9.0 bp −$9	37.8 bp −$378	doesn't fit	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.

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
Coinbase International WLFI-PERP-INTX	−0.0328%	1h	0.05732	−0.813%	$21K	$27K	50x	as long as short
Reya WLFIRUSDPERPshort	0.0000%	1h	0.06046	+4.614%	—	—	—
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05783	+0.064%	$316	—	150x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.090%	$6K	$77K	5.5x	as long as short
dYdX WLFI-USD	+0.0068%	1h	0.05775	−0.076%	$11K	$943	5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05781	+0.035%	$1.0M	$468K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0100%	8h	0.05782	+0.057%	$2K	$118	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05783	+0.069%	$82K	$24K	5x	as long as short
Hyperliquid WLFI	+0.0100%	1h	0.05784	+0.085%	$10.6M	$1.3M	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05784	+0.093%	$1.6M	$528K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WLFI	+0.0100%	1h	0.05782	+0.052%	$247K	$14K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05789	+0.173%	$139.8M	$43.0M	75x	as long as short
Bybit WLFIUSDTlong	+0.0100%	4h	0.05779	long leg	$21.1M	$19.2M	75x
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05784	+0.087%	$7.8M	$13.5M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05787	+0.145%	$7K	$8K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05784	+0.087%	$3.5M	$3.1M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05789	+0.173%	$13.6M	$20.4M	100x	as long as short
KuCoin WLFIUSDTM	+0.0100%	4h	0.05781	+0.035%	$3.3M	$1.1M	75x	as long as short
Bitget WLFIUSDT	+0.0100%	4h	0.05782	+0.052%	$7.9M	$3.5M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05783	+0.069%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05785	+0.104%	$235K	$30K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05778	−0.013%	$451K	$39K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05786	+0.127%	$285K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05790	+0.190%	$34K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05800	+0.363%	$39K	$1.7M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05785	+0.104%	$98	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05782	+0.053%	$174K	$1.0M	10x	as long as short
01 Exchange WLFIUSD	+0.0240%	1h	0.05789	+0.173%	$4K	$319	3x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05784	+0.083%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0312%	4h	0.05795	+0.277%	$4.8M	$102K	75x	as long as short
Kraken Futures PF_WLFIUSD	+0.0406%	1h	0.05801	+0.384%	$97K	$90K	20x	as long as short
Deribit WLFI_USDC-PERPETUAL	+0.0441%	1h	0.05790	+0.190%	$526	$11K	10x	as long as short