WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0196%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.109%

Price spread now: Kraken Futures against Deribit+0.003%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$680.685% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.560%+$56 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.003%, 7d avg +0.057%

Together, before fees+0.614%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.054% cheaper against Deribit than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.057%). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2457	−0.0157	get 0.0020% / 1h	38m 13s	$48K	$289K	25x
Short	Kraken Futures PF_WIFUSD	0.2457	0.0039	get 0.0005% / 1h	38m 13s	$635K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: $41.2
Price spread: +0.003% → +0.057%: −$5.43
Slippage, 4 orders: −$51.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$32.7
Costs to cover: 0.685%
Break-even: 12.6 days

Slippage from Deribit: live order book, 35 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 Deribit live order book, 35 min ago	6.16 bp	13.3 bp −$13	22.3 bp −$223	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	12.26 bp	23.9 bp −$24	44.5 bp −$445	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
Backpack WIF_USDC_PERP	−0.0395%	1h	0.2455	−0.065%	$75K	$252K	10x	as long as short
Deribit WIF_USDC-PERPETUALlong	−0.0157%	1h	0.2457	long leg	$48K	$289K	25x
Gate WIF_USDT	−0.0106%	4h	0.2455	−0.081%	$1.2M	$7.0M	50x	as long as short
KuCoin WIFUSDTM	−0.0006%	4h	0.2454	−0.122%	$4.3M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2453	−0.179%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2458	+0.022%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.523%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0039%	1h	0.2457	+0.003%	$635K	$2.2M	50x
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2457	0.000%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2457	−0.012%	$146K	$581K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2457	0.000%	$54K	$483K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2456	−0.037%	$25K	$258K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2457	−0.012%	$76K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2456	−0.041%	$18.5M	$105.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2455	−0.069%	$16.9M	$36.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2455	−0.081%	$6.0M	$33.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2456	−0.041%	$22.1M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2457	0.000%	$7.6M	$11.9M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2456	−0.041%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2441	−0.646%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2443	−0.564%	$276K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2441	−0.651%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2451	−0.244%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2456	−0.041%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2453	−0.163%	$169K	$741K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2455	−0.062%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2457	+0.003%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0127%	1h	0.2461	+0.167%	$7.7M	$4.1M	5x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2457	+0.002%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2457	0.000%	$325K	$2.4M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2449	−0.326%	$998K	$736K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2456	−0.056%	$0	—	15x	as long as short