Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h +0.025%

Price spread now: OKX against Kraken Futures−0.116%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.116%, 7d avg −0.036%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.178%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2466	0.0138	pay 0.0017% / 1h	59m 07s	$640K	$2.3M	50x
Short	OKX WIF-USDT-SWAP	0.2463	0.0100	get 0.0050% / 4h	1h 59m	$5.9M	$34.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$7.94
Price spread: −0.116% → −0.036%: −$7.96
Slippage, 4 orders: −$54.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$90.26
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; OKX: 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 Kraken Futures live order book, 4 min ago	10.11 bp	23.7 bp −$24	65.9 bp −$659	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.02 bp	14.3 bp −$14	28.3 bp −$283	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
Backpack WIF_USDC_PERP	−0.0390%	1h	0.2460	−0.217%	$80K	$273K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0156%	1h	0.2463	−0.116%	$46K	$268K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2470	+0.151%	$19K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2464	−0.058%	$797	—	150x	as long as short
Gate WIF_USDT	+0.0030%	4h	0.2463	−0.116%	$1.2M	$7.4M	50x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.168%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2466	+0.002%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2465	−0.035%	$57K	$496K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2465	−0.035%	$5K	$1.3M	10x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2467	+0.055%	$8.0M	$4.7M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2467	+0.026%	$35K	$279K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2470	+0.169%	$77K	$55K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2463	−0.114%	$18.8M	$113.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2462	−0.156%	$17.0M	$38.2M	50x	as long as short
OKX WIF-USDT-SWAPshort	+0.0100%	4h	0.2463	−0.116%	$5.9M	$34.6M	50x
MEXC WIF_USDT	+0.0100%	4h	0.2464	−0.075%	$21.9M	$10.8M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2463	−0.116%	$4.5M	$13.3M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2462	−0.156%	$7.5M	$12.6M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2469	+0.127%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	+0.171%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2468	+0.087%	$276K	$2.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2471	+0.209%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.238%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2464	−0.075%	$561	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2463	−0.116%	$166K	$692K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2462	−0.160%	$8K	$152K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2464	−0.091%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0138%	1h	0.2466	long leg	$640K	$2.3M	50x
GMX WIF/USD [WBTC.b-USDC]	L +0.0164% / S −0.0033%	1h	0.2464	−0.090%	$8K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2467	+0.046%	$327K	$2.5M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2464	−0.082%	$0	—	15x	as long as short