Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.017%

Price spread now: Kraken Futures against Binance+0.077%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now +0.077%, 7d avg +0.061%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance WIFUSDT	0.2483	0.0100	pay 0.0050% / 4h	2h 23m	$18.9M	$112.6M	75x
Short	Kraken Futures PF_WIFUSD	0.2485	−0.0074	pay 0.0009% / 1h	23m 34s	$644K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$36.52
Price spread: +0.077% → +0.061%: $1.61
Slippage, 4 orders: −$52.87
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$107.79
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Kraken Futures: live order book, 5 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 Binance live order book, 4 min ago	2.01 bp	11.1 bp −$11	24.0 bp −$240	105.8 bp −$10.6K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	10.05 bp	29.9 bp −$30	58.7 bp −$587	doesn't fit	doesn't fit

WIF on 31 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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.508%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDshort	−0.0074%	1h	0.2485	+0.077%	$644K	$2.3M	50x
Gate WIF_USDT	−0.0030%	4h	0.2481	−0.064%	$1.2M	$7.4M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2486	+0.117%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2482	−0.024%	$49K	$276K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2480	−0.089%	$802	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0037%	1h	0.2483	+0.020%	$79K	$272K	10x	as long as short
KuCoin WIFUSDTM	+0.0044%	4h	0.2483	+0.016%	$4.5M	$13.1M	75x	as long as short
Lighter WIF	+0.0096%	1h	0.2486	+0.145%	$140K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2482	−0.024%	$57K	$497K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2482	−0.024%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2485	+0.082%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2484	+0.067%	$77K	$54K	5x	as long as short
Binance WIFUSDTlong	+0.0100%	4h	0.2483	long leg	$18.9M	$112.6M	75x
Bybit WIFUSDT	+0.0100%	4h	0.2480	−0.105%	$17.0M	$38.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2480	−0.105%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2484	+0.056%	$22.3M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2482	−0.024%	$7.5M	$12.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2482	−0.024%	—	$65.9M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2486	+0.141%	$76K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2480	−0.085%	$280K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2486	+0.137%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2475	−0.306%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2482	−0.024%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2478	−0.185%	$167K	$732K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2482	−0.030%	$8K	$158K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2482	−0.023%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0172% / S −0.0038%	1h	0.2480	−0.103%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0219%	1h	0.2485	+0.089%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2480	−0.105%	$327K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2480	−0.121%	$0	—	15x	as long as short