Funding you earn now, next payment 08:00 UTC+0.1217%/8h= +133.2% APRnext payment +$1.52 per $10,000 · paid last 24h +0.196%
Price spread now: Kraken Futures against Extended+0.265%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$328as in the Funding arb table
Net, price: spread back to 7d avg − costs−$340as in the Price arb table
costs, in and out, $10k−$3523.522% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−0.424%−$42 · spread now +0.265%, 7d avg +0.143%
=Together, before fees−0.184%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.122% dearer against Extended than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.143%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.240% in total (about 12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01177 | 0.0104 | pay 0.0013% / 1h | 59m 41s | $59K | $388K | 5x |
| Short | Kraken Futures PF_WUSD | 0.01180 | 0.1321 | get 0.0165% / 1h | 59m 41s | $147K | $53K | 20x |
Extended W-USD
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $255.5
- Price spread: +0.265% → +0.143%
- $12.2
- Slippage, 4 orders
- −$337.17
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$84.47
- Costs to cover
- 3.522%
- Break-even
- 9.3 days
Slippage from Extended: live order book, 38 min ago; Kraken Futures: live order book, 38 min ago.
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 Extended live order book, 38 min ago | 2.98 bp | 73.5 bp −$74 | 359.0 bp −$3,590 | doesn't fit | doesn't fit |
| 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 |
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 | +0.144% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.701% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01178 | +0.068% | $2.0M | $275K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01178 | +0.027% | $3.0M | $5.1M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01177 | −0.051% | $4.1M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01177 | 0.000% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01174 | −0.255% | $428K | $217K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01178 | +0.025% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01176 | −0.102% | $387K | $190K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01179 | +0.152% | $1.3M | $546K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow 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 | −0.009% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01180 | +0.263% | $46K | $52K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.175% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | +0.012% | $126K | $387K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01177 | long leg | $59K | $388K | 5x | |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01186 | +0.739% | $13K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1321% | 1h | 0.01180 | +0.265% | $147K | $53K | 20x |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX