Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0258%/8h= +28.2% APRpaid last 24h −0.019%

Price spread now: Kraken Futures against OKX+0.068%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$750.750% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$19 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.068%, 7d avg +0.029%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.039% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.185%, 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	OKX WIF-USDT-SWAP	0.2568	0.0100	pay 0.0050% / 4h	3h 28m	$6.2M	$39.1M	50x
Short	Kraken Futures PF_WIFUSD	0.2570	0.0358	get 0.0045% / 1h	28m 46s	$672K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.068%Rate

Funding earned: $54.13
Price spread: +0.068% → +0.029%: $3.86
Slippage, 4 orders: −$55.01
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$17.02
Costs to cover: 0.750%
Break-even: 9.2 days

Slippage from OKX: live order book, 5 min ago; Kraken Futures: 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 OKX live order book, 5 min ago	1.94 bp	13.4 bp −$13	34.2 bp −$342	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	7.77 bp	25.4 bp −$25	48.2 bp −$482	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	−0.0194%	4h	0.2570	+0.078%	$1.1M	$912K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2573	+0.214%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2571	+0.127%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2555	−0.506%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2570	+0.078%	$147K	$652K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2572	+0.156%	$53K	$562K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2570	+0.091%	$45K	$310K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2575	+0.265%	$80K	$65K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2570	+0.078%	$20.5M	$127.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2567	−0.039%	$17.6M	$42.6M	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-SWAPlong	+0.0100%	4h	0.2568	long leg	$6.2M	$39.1M	50x
Gate WIF_USDT	+0.0100%	4h	0.2569	+0.039%	$1.2M	$8.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2569	+0.039%	$23.7M	$11.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2569	+0.039%	$4.3M	$15.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2570	+0.078%	$7.9M	$14.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2568	0.000%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2566	−0.097%	$79K	$303K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2573	+0.197%	$97K	$136K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2578	+0.373%	$296K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2578	+0.389%	$47K	$624K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2569	+0.039%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2567	−0.039%	$2K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2569	+0.039%	$601	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2568	0.000%	$169K	$734K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2568	0.000%	$12K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2568	+0.002%	$86K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0116% / S −0.0001%	1h	0.2571	+0.104%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0139%	1h	0.2569	+0.039%	$40K	$263K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2573	+0.195%	$350K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0358%	1h	0.2570	+0.068%	$672K	$2.4M	50x
Hyperliquid WIF	+0.0531%	1h	0.2575	+0.284%	$8.6M	$5.2M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2571	+0.098%	$1	—	15x	as long as short