W

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0937%/8h= +102.6% APRnext payment +$1.17 per $10,000 · paid last 24h +0.156%

Price spread now: Kraken Futures against Coinbase International−0.470%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.470% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.470% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 40 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International W-PERP-INTX	0.01186	0.0384	pay 0.0048% / 1h	59m 48s	$13K	$13K	50x
Short	Kraken Futures PF_WUSD	0.01180	0.1321	get 0.0165% / 1h	59m 48s	$147K	$53K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.470%Rate

Funding earned: $196.7
Price spread: −0.470% → 0.000%: −$47.01
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $129.7
Costs to cover: 0.200%
Break-even: 2.4 days

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 38 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 38 min ago	21.66 bp	75.5 bp −$75	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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.

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0089%	1h	0.01179	−0.590%	$14K	$4K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.948%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01178	−0.666%	$2.0M	$275K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01178	−0.677%	$3.0M	$5.1M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01177	−0.784%	$4.1M	$1.5M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01177	−0.734%	$1.3M	$1.5M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01174	−0.995%	$428K	$234K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01178	−0.632%	$12.3M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01176	−0.835%	$387K	$190K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01179	−0.582%	$1.3M	$573K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01177	−0.734%	—	$6.7M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01180	−0.472%	$46K	$52K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01175	−0.907%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01177	−0.721%	$126K	$387K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01178	−0.649%	$59K	$388K	5x	as long as short
Coinbase International W-PERP-INTXlong	+0.0384%	1h	0.01186	long leg	$13K	$13K	50x
Kraken Futures PF_WUSDshort	+0.1321%	1h	0.01180	−0.470%	$147K	$53K	20x