Settings8H · net · $10k
Funding arb · Price arb /

WIF

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0272%/8h= −29.8% APRnext payment $0.34 per $10,000 · paid last 24h +0.051%
Price spread now: Pacifica against Kraken Futures−0.339%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.143%+$14 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Pacifica is 0.339% cheaper against Kraken Futures than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.143%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.143% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_WIFUSD0.24300.0372pay 0.0047% / 1h10m 14s$635K$2.1M50x
ShortPacifica WIF0.24210.0100get 0.0013% / 1h10m 14s$76K$49K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
−$57.18
Price spread: −0.339% → 0.000%
−$33.88
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$109.06
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Pacifica: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago8.22 bp22.0 bp −$2258.5 bp −$585doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack WIF_USDC_PERP−0.0283%1h0.2418−0.494%$74K$246K10xas long as short
KuCoin WIFUSDTM−0.0030%4h0.2421−0.358%$4.1M$11.2M75xas long as short
dYdX WIF-USD0.0000%1h0.2421−0.358%$18K$58210xas long as short
Deribit WIF_USDC-PERPETUAL0.0000%1h0.2429−0.028%$48K$289K25xas long as short
gTrade (Gains Network) WIF/USDL +0.0002% / S −0.0002%1h0.2429−0.048%$15K150xas long as short
Injective WIF/USDC PERP+0.0033%1h0.2395−1.428%$10K$10K12xas long as short
Orderly PERP_WIF_USDC+0.0090%4h0.2427−0.111%$5K$1.3M10xas long as short
Lighter WIF+0.0096%1h0.2429−0.033%$136K$550K10xas long as short
Popdex WIFUSDT+0.0096%1h0.2422−0.317%$54K$483K20xas long as short
Hyperliquid WIF+0.0100%1h0.2425−0.189%$7.5M$4.0M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster WIFUSDT+0.0100%4h0.2426−0.171%$25K$255K10xas long as short
Pacifica WIFshort+0.0100%1h0.2421−0.339%$76K$49K5x
Binance WIFUSDT+0.0100%4h0.2428−0.057%$18.1M$101.1M75xas long as short
Bybit WIFUSDT+0.0100%4h0.2427−0.111%$16.8M$35.2M50xas long as short
OKX WIF-USDT-SWAP+0.0100%4h0.2427−0.111%$6.1M$31.5M50xas long as short
Gate WIF_USDT+0.0100%4h0.2425−0.193%$1.2M$7.0M50xas long as short
MEXC WIF_USDT+0.0100%4h0.2424−0.234%$22.0M$10.7M50xas long as short
Bitget WIFUSDT+0.0100%4h0.2428−0.070%$7.5M$11.7M50xas long as short
BingX WIF-USDT+0.0100%4h0.2426−0.152%$65.3Mas long as short
Variational Omni WIF+0.0100%4h0.2420−0.392%$72K$68Kas long as short
GRVT WIF_USDT_Perp+0.0100%4h0.2429−0.028%$277K$1.8M10xas long as short
ApeX Omni WIFUSDT+0.0100%1h0.2429−0.028%$43K$618K25xas long as short
SunX WIF-USDT+0.0100%4h0.2421−0.358%$1K$2.8M50xas long as short
SoDEX WIF-USD+0.0100%1h0.2428−0.078%$553$5K5xas long as short
HTX WIF-USDT+0.0100%4h0.2420−0.399%$168K$719K75xas long as short
Extended WIF-USD+0.0104%1h0.2427−0.131%$10K$153K25xas long as short
Aevo WIF-PERP+0.0104%1h0.2428−0.089%$81K$853xas long as short
GMX WIF/USD [WBTC.b-USDC]L +0.0234% / S −0.1335%1h0.2427−0.101%$4K100xas long as short
Coinbase International WIF-PERP-INTX+0.0264%1h0.2429−0.028%$319K$2.3M50xas long as short
BloFin WIF-USDT+0.0340%4h0.2420−0.399%$974K$713K75xas long as short
Kraken Futures PF_WIFUSDlong+0.0372%1h0.2430long leg$635K$2.1M50x
Reya WIFRUSDPERP+0.0558%1h0.2422−0.330%$015xas long as short