WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.055%

Price spread now: Kraken Futures against Coinbase International−0.122%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$890.885% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.122%, 7d avg −0.101%

Together, before fees−0.421%−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.021% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WIF-PERP-INTX	0.2398	0.0416	pay 0.0052% / 1h	36m 17s	$323K	$3.0M	50x
Short	Kraken Futures PF_WIFUSD	0.2395	0.0250	get 0.0031% / 1h	36m 17s	$632K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$34.95
Price spread: −0.122% → −0.101%: −$2.1
Slippage, 4 orders: −$68.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$125.59
Costs to cover: 0.885%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Kraken Futures: live order book, 2 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 Coinbase International live order book, 3 min ago	8.38 bp	17.5 bp −$18	31.5 bp −$315	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	14.65 bp	26.4 bp −$26	104.6 bp −$1,046	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
BloFin WIF-USDT	−0.0140%	4h	0.2403	+0.209%	$1.0M	$897K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0004%	1h	0.2400	+0.088%	$72K	$316K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2398	−0.016%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2396	−0.083%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2395	−0.106%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0094% / S +0.0031%	1h	0.2395	−0.122%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2401	+0.121%	$144K	$667K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2398	0.000%	$51K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2398	−0.004%	$8.5M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2397	−0.035%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2399	+0.033%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2396	−0.090%	$18.7M	$137.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2396	−0.104%	$16.4M	$45.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2394	−0.167%	$5.5M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2397	−0.042%	$1.1M	$8.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2396	−0.083%	$21.8M	$11.9M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2396	−0.083%	$3.9M	$15.9M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2395	−0.125%	$7.3M	$15.3M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2394	−0.167%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2389	−0.371%	$89K	$173K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2390	−0.336%	$271K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2385	−0.542%	$44K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2395	−0.125%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2391	−0.292%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2394	−0.188%	$551	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2394	−0.167%	$169K	$778K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2392	−0.255%	$8K	$163K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2393	−0.226%	$80K	$85	3x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0250%	1h	0.2395	−0.122%	$632K	$2.5M	50x
Coinbase International WIF-PERP-INTXlong	+0.0416%	1h	0.2398	long leg	$323K	$3.0M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2394	−0.161%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	0.000%	$10K	$10K	12x	as long as short