Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.025%

Price spread now: Kraken Futures against HTX+0.151%7-day average −0.470% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$1291.289% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.363%−$36 on $10k

Price spread, last 3 days (all we have)−0.469%−$47 · spread now +0.151%, 7d avg −0.470%

Together, before fees−0.832%−$83 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.621% dearer against HTX than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.470%): +$62 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX WIF-USDT	0.2486	0.0100	pay 0.0050% / 4h	2h 25m	$170K	$727K	75x
Short	Kraken Futures PF_WIFUSD	0.2490	−0.0074	pay 0.0009% / 1h	25m 54s	$646K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.151%Rate

Funding earned: −$36.49
Price spread: +0.151% → −0.470%: $62.14
Slippage, 4 orders: −$106.92
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$103.27
Costs to cover: 1.289%
Break-even: never at this rate

Slippage from HTX: live order book, 43 min ago; Kraken Futures: live order book, 3 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 HTX live order book, 43 min ago	10.14 bp	32.4 bp −$32	166.8 bp −$1,668	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	10.05 bp	29.9 bp −$30	58.7 bp −$587	doesn't fit	doesn't fit

WIF on 31 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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.644%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDshort	−0.0074%	1h	0.2490	+0.151%	$646K	$2.3M	50x
Gate WIF_USDT	−0.0046%	4h	0.2484	−0.080%	$1.2M	$7.4M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	+0.224%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2489	+0.121%	$49K	$276K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2488	+0.095%	$804	—	150x	as long as short
KuCoin WIFUSDTM	+0.0036%	4h	0.2487	+0.040%	$4.5M	$13.1M	75x	as long as short
Backpack WIF_USDC_PERP	+0.0068%	1h	0.2487	+0.040%	$79K	$272K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2491	+0.205%	$140K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	+0.282%	$57K	$497K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2488	+0.080%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2490	+0.165%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2492	+0.260%	$77K	$54K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2485	−0.051%	$18.9M	$112.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2483	−0.121%	$17.0M	$38.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2483	−0.121%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2484	−0.080%	$22.3M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2484	−0.080%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2487	+0.040%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2486	+0.004%	$76K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2470	−0.644%	$274K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2475	−0.442%	$43K	$628K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2488	+0.080%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2489	+0.125%	$569	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2486	long leg	$170K	$727K	75x
Extended WIF-USD	+0.0104%	1h	0.2485	−0.028%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2489	+0.112%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0172% / S −0.0038%	1h	0.2488	+0.071%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0222%	1h	0.2488	+0.077%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2492	+0.241%	$329K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2489	+0.125%	$0	—	15x	as long as short