WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0223%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h +0.015%

Price spread now: Kraken Futures against ApeX Omni−0.325%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)+0.557%+$56 · spread now −0.325%, 7d avg +0.054%

Together, before fees+0.427%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.379% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.325% now, against its 7-day average of +0.054%). If the spread goes back, that is −$38 on $10k: about 5.7 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni WIFUSDT	0.2586	0.0100	pay 0.0013% / 1h	18m 52s	$37K	$648K	25x
Short	Kraken Futures PF_WIFUSD	0.2578	0.0323	get 0.0040% / 1h	18m 52s	$660K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.325%Rate

Funding earned: $46.76
Price spread: −0.325% → +0.054%: −$37.94
Slippage, 4 orders: −$67.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$78.31
Costs to cover: 0.871%
Break-even: 18.7 days

Slippage from ApeX Omni: live order book, 32 min ago; Kraken Futures: live order book, 3 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 ApeX Omni live order book, 32 min ago	7.79 bp	18.7 bp −$19	111.8 bp −$1,118	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	9.67 bp	20.9 bp −$21	64.8 bp −$648	doesn't fit	doesn't fit

WIF on 32 exchanges

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	−0.0140%	4h	0.2582	−0.155%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0115% / S +0.0178%	1h	0.2575	−0.416%	$9K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2580	−0.214%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2577	−0.348%	$34K	$255K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2577	−0.362%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2576	−0.387%	$5K	$1.1M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2578	−0.294%	$142K	$880K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2581	−0.193%	$55K	$634K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2580	−0.228%	$10.2M	$9.5M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2578	−0.318%	$33K	$425K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2581	−0.179%	$80K	$97K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2578	−0.290%	$20.7M	$172.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2578	−0.309%	$17.9M	$58.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2582	−0.155%	$6.3M	$52.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2578	−0.309%	$1.2M	$12.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2577	−0.348%	$23.0M	$15.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2575	−0.425%	$3.9M	$18.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2579	−0.271%	$7.8M	$19.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2575	−0.425%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2574	−0.468%	$89K	$360K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2584	−0.078%	$79K	$369K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2577	−0.345%	$295K	$3.2M	10x	as long as short
ApeX Omni WIFUSDTlong	+0.0100%	1h	0.2586	long leg	$37K	$648K	25x
SunX WIF-USDT	+0.0100%	4h	0.2572	−0.541%	$1K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2576	−0.387%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2576	−0.387%	$160K	$1.0M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2576	−0.378%	$14K	$246K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2577	−0.349%	$86K	—	3x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0323%	1h	0.2578	−0.325%	$660K	$3.0M	50x
Coinbase International WIF-PERP-INTX	+0.0376%	1h	0.2592	+0.232%	$352K	$4.1M	50x	as long as short
Injective WIF/USDC PERP	+0.0497%	1h	0.2559	−1.044%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2583	−0.098%	$1	—	15x	as long as short