Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0883%/8h= +96.7% APRpaid last 24h −0.010%

Price spread now: Kraken Futures against BloFin−0.139%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.499%−$50 on $10k

Price spread, last 4 days (all we have)+0.394%+$39 · spread now −0.139%, 7d avg +0.061%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.200% cheaper against BloFin than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of +0.061%). If the spread goes back, that is −$20 on $10k: about 18 hours of funding at the current rate (+$26 a day). Mind the row above: over the last 7 days funding on this pair cost −0.499%, 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 -0.499% in total (about -26.0% a year). A funding rate is set anew for every payment. 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	BloFin WIF-USDT	0.2494	−0.0140	get 0.0070% / 4h	3h 38m	$1.0M	$1.0M	75x
Short	Kraken Futures PF_WIFUSD	0.2491	0.0743	get 0.0093% / 1h	38m 51s	$640K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.139%Rate

Funding earned: $185.42
Price spread: −0.139% → +0.061%: −$19.97
Slippage, 4 orders: −$56.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $86.78
Costs to cover: 0.787%
Break-even: 3.7 days

Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago	4.00 bp	10.0 bp −$10	21.5 bp −$215	74.2 bp −$7,420	doesn't fit
Sell Kraken Futures live order book, 5 min ago	8.01 bp	20.6 bp −$21	35.4 bp −$354	doesn't fit	doesn't fit

WIF on 32 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
Gate WIF_USDT	−0.0484%	4h	0.2488	−0.241%	$1.4M	$11.4M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0369% / S +0.0314%	1h	0.2496	+0.071%	$19K	—	100x	as long as short
BloFin WIF-USDTlong	−0.0140%	4h	0.2494	long leg	$1.0M	$1.0M	75x
dYdX WIF-USD	0.0000%	1h	0.2499	+0.200%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2491	−0.120%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2491	−0.103%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2492	−0.088%	$144K	$826K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2499	+0.200%	$54K	$580K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2490	−0.160%	$6K	$1.1M	10x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2490	−0.160%	$10.0M	$9.1M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2492	−0.084%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2498	+0.158%	$77K	$88K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2493	−0.041%	$19.7M	$165.8M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2494	−0.008%	$17.4M	$55.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	−0.040%	$5.8M	$48.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2491	−0.120%	$24.3M	$15.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2490	−0.160%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	−0.120%	$7.6M	$18.2M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2492	−0.080%	—	$27.5M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2490	−0.156%	$85K	$334K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2493	−0.037%	$76K	$366K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2494	0.000%	$281K	$3.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2497	+0.120%	$35K	$652K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2487	−0.281%	$1K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2490	−0.176%	$576	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2486	−0.321%	$153K	$945K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2489	−0.186%	$12K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2489	−0.196%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2502	+0.321%	$341K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.601%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2497	+0.125%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0743%	1h	0.2491	−0.139%	$640K	$3.0M	50x