WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0239%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.087%

Price spread now: Deribit against Kraken Futures−0.077%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

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

costs, in and out, $10k−$650.651% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.529%−$53 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.077%, 7d avg −0.056%

Together, before fees−0.520%−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2497	0.0239	pay 0.0030% / 1h	54m 33s	$644K	$2.4M	50x
Short	Deribit WIF_USDC-PERPETUAL	0.2495	0	get 0.0000% / 1h	54m 33s	$33K	$272K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kraken Futures. 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 Kraken FuturesbpFee DeribitbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$50.27
Price spread: −0.077% → −0.056%: −$2.13
Slippage, 4 orders: −$48.12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$117.53
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Deribit: live order book, 59 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 Kraken Futures live order book, 4 min ago	8.01 bp	19.4 bp −$19	163.1 bp −$1,631	doesn't fit	doesn't fit
Sell Deribit live order book, 59 min ago	3.91 bp	7.4 bp −$7	21.5 bp −$215	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	−0.0200%	4h	0.2499	+0.083%	$1.1M	$903K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2490	−0.294%	$14K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUALshort	0.0000%	1h	0.2495	−0.077%	$33K	$272K	25x
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2492	−0.182%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2492	−0.181%	$144K	$654K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2492	−0.197%	$52K	$566K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2493	−0.155%	$41K	$313K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2491	−0.219%	$78K	$67K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2492	−0.187%	$19.6M	$132.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2491	−0.221%	$17.2M	$43.9M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	−0.157%	$5.9M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2493	−0.157%	$1.2M	$8.5M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2494	−0.117%	$22.9M	$11.8M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2494	−0.117%	$4.4M	$15.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2491	−0.237%	$7.6M	$14.9M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2492	−0.197%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2495	−0.077%	$74K	$312K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2508	+0.446%	$76K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2515	+0.734%	$279K	$2.6M	10x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2494	−0.117%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2487	−0.397%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	−0.069%	$577	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2490	−0.277%	$164K	$755K	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0102% / S +0.0027%	1h	0.2492	−0.188%	$9K	—	100x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2492	−0.214%	$11K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2495	−0.057%	$83K	$85	3x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0239%	1h	0.2497	long leg	$644K	$2.4M	50x
Hyperliquid WIF	+0.0350%	1h	0.2494	−0.125%	$8.7M	$5.6M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2495	−0.077%	$333K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2490	−0.273%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2555	+2.326%	$11K	$10K	12x	as long as short
ApeX Omni WIFUSDT	+0.1053%	1h	0.2512	+0.604%	$46K	$629K	25x	as long as short