Funding you earn now, next payment 08:00 UTC−0.1215%/8h= −133.0% APRnext payment −$1.52 per $10,000 · paid last 24h −0.196%
Price spread now: Extended against Kraken Futures−0.077%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,772as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,741as in the Price arb table
costs, in and out, $10k−$2,74827.477% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.077%, 7d avg −0.143%
=Together, before fees−0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.066% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.077% now, against its 7-day average of −0.143%): +$7 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.240% in total) that is about 47 hours.
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 | Kraken Futures PF_WUSD | 0.01182 | 0.1319 | pay 0.0165% / 1h | 42m 07s | $147K | $84K | 20x |
| Short | Extended W-USD | 0.01181 | 0.0104 | get 0.0013% / 1h | 42m 07s | $59K | $327K | 5x |
Kraken Futures PF_WUSD
Extended W-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Kraken Futures. 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
- −$255.06
- Price spread: −0.077% → −0.143%
- $6.63
- Slippage, 4 orders
- −$2,732.73
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$2,996.17
- Costs to cover
- 27.477%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 60 min ago; Extended: live order book, 58 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 Kraken Futures live order book, 60 min ago | 35.21 bp | 2583.0 bp −$2,583 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 58 min ago | 1.68 bp | 19.3 bp −$19 | 254.0 bp −$2,540 | 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 | −0.0004% | 1h | 0.01181 | −0.127% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.267% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01182 | −0.017% | $2.0M | $276K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01182 | −0.043% | $3.0M | $5.2M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01179 | −0.296% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01179 | −0.237% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01179 | −0.288% | $428K | $233K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01182 | −0.059% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01180 | −0.186% | $388K | $192K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01182 | −0.017% | $1.3M | $568K | 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 | 0.01180 | −0.220% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01179 | −0.261% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01182 | −0.034% | $126K | $378K | 10x | as long as short |
| Extended W-USDshort | +0.0104% | 1h | 0.01181 | −0.077% | $59K | $327K | 5x | |
| Backpack W_USDC_PERP | +0.0180% | 1h | 0.01183 | +0.025% | $47K | $53K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01186 | +0.313% | $13K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSDlong | +0.1319% | 1h | 0.01182 | long leg | $147K | $84K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX