Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.039%

Price spread now: Kraken Futures against GRVT−0.068%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1081.079% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.295%+$29 · spread now −0.068%, 7d avg −0.043%

Together, before fees+0.188%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.025% cheaper against GRVT than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.043%). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT WIF_USDT_Perp	0.2643	0.0100	pay 0.0050% / 4h	3h 24m	$300K	$3.4M	10x
Short	Kraken Futures PF_WIFUSD	0.2641	0.0217	get 0.0027% / 1h	24m 59s	$668K	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now −0.068%Rate

Funding earned: $24.59
Price spread: −0.068% → −0.043%: −$2.46
Slippage, 4 orders: −$88.93
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$85.8
Costs to cover: 1.079%
Break-even: 31.4 days

Slippage from GRVT: live order book, 2 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 GRVT live order book, 2 min ago	3.78 bp	30.9 bp −$31	90.1 bp −$901	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	7.56 bp	24.1 bp −$24	74.0 bp −$740	doesn't fit	doesn't fit

WIF on 32 exchanges

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	−0.0481%	1h	0.2646	+0.125%	$5K	$35K	12x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0144% / S +0.0204%	1h	0.2636	−0.245%	$11K	—	100x	as long as short
BloFin WIF-USDT	−0.0144%	4h	0.2642	−0.026%	$1.1M	$1.2M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2638	−0.177%	$19K	$8K	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2637	−0.208%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0090%	1h	0.2639	−0.143%	$90K	$407K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2641	−0.056%	$116K	$1.0M	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2633	−0.367%	$54K	$559K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2640	−0.102%	$10.9M	$10.8M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2641	−0.051%	$32K	$435K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2639	−0.133%	$82K	$109K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2642	−0.016%	$22.9M	$187.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2644	+0.050%	$18.6M	$63.8M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2643	+0.012%	$6.7M	$58.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2637	−0.215%	$1.3M	$14.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2639	−0.139%	$23.6M	$16.2M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2638	−0.177%	$3.7M	$19.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2640	−0.102%	$8.0M	$21.1M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2639	−0.139%	—	$28.5M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2646	+0.123%	$91K	$528K	—	as long as short
GRVT WIF_USDT_Perplong	+0.0100%	4h	0.2643	long leg	$300K	$3.4M	10x
ApeX Omni WIFUSDT	+0.0100%	1h	0.2639	−0.139%	$38K	$643K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2638	−0.177%	$5K	$661K	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2636	−0.253%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2639	−0.139%	$5K	$7K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2638	−0.177%	$163K	$1.1M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2636	−0.237%	$11K	$272K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2638	−0.194%	$88K	—	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0129%	1h	0.2640	−0.102%	$35K	$217K	25x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0217%	1h	0.2641	−0.068%	$668K	$3.2M	50x
Coinbase International WIF-PERP-INTX	+0.0544%	1h	0.2635	−0.291%	$368K	$4.4M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2635	−0.300%	$1	—	15x	as long as short