Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h −0.008%

Price spread now: Kraken Futures against Gate+0.044%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.044%, 7d avg +0.046%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.099%, 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 -0.099% in total (about -5.2% 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	Gate WIF_USDT	0.2523	0.0100	pay 0.0050% / 4h	3h 10m	$1.2M	$8.4M	50x
Short	Kraken Futures PF_WIFUSD	0.2524	0.0364	get 0.0046% / 1h	10m 01s	$659K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.044%Rate

Funding earned: $55.49
Price spread: +0.044% → +0.046%: −$0.22
Slippage, 4 orders: −$75.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$44.84
Costs to cover: 1.001%
Break-even: 12.7 days

Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 4 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 Gate live order book, 3 min ago	3.94 bp	26.9 bp −$27	57.8 bp −$578	85.0 bp −$8,504	doesn't fit
Sell Kraken Futures live order book, 4 min ago	5.92 bp	21.2 bp −$21	37.1 bp −$371	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	−0.0197%	4h	0.2549	+1.031%	$1.1M	$909K	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0147%	1h	0.2519	−0.159%	$33K	$272K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2540	+0.655%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2521	−0.079%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	+1.268%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2525	+0.067%	$144K	$653K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2534	+0.436%	$53K	$563K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2528	+0.213%	$44K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2539	+0.625%	$79K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2526	+0.136%	$20.0M	$130.4M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2525	+0.079%	$17.3M	$43.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2525	+0.079%	$6.1M	$39.0M	50x	as long as short
Gate WIF_USDTlong	+0.0100%	4h	0.2523	long leg	$1.2M	$8.4M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2526	+0.119%	$23.5M	$11.7M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2524	+0.040%	$4.3M	$15.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2527	+0.159%	$7.7M	$14.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2522	−0.040%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2520	−0.131%	$76K	$307K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2542	+0.754%	$87K	$145K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2537	+0.557%	$285K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2533	+0.396%	$46K	$627K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2521	−0.079%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2517	−0.238%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2521	−0.059%	$585	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2522	−0.040%	$166K	$737K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2526	+0.111%	$11K	$115K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2520	−0.119%	$84K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0108% / S +0.0023%	1h	0.2521	−0.082%	$9K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2530	+0.277%	$338K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0364%	1h	0.2524	+0.044%	$659K	$2.4M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2531	+0.318%	$1	—	15x	as long as short
Hyperliquid WIF	+0.0730%	1h	0.2529	+0.254%	$8.6M	$5.4M	5x	as long as short