WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0250%/8h= +27.4% APRnext payment +$0.31 per $10,000 · paid last 24h −0.013%

Price spread now: Kraken Futures against Popdex−0.105%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1681.680% of the position

Long on Popdex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.105%, 7d avg +0.024%

Together, before fees+0.270%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.129% cheaper against Popdex than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of +0.024%). If the spread goes back, that is −$13 on $10k: about 41 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.033% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.033% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex WIFUSDT	0.2468	0.0096	pay 0.0012% / 1h	57m 57s	$53K	$570K	20x
Short	Kraken Futures PF_WIFUSD	0.2465	0.0346	get 0.0043% / 1h	57m 57s	$637K	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Popdex. 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 PopdexbpFee Kraken FuturesbpOrdersPrice spread, now −0.105%Rate

Funding earned: $52.54
Price spread: −0.105% → +0.024%: −$12.91
Slippage, 4 orders: −$151.58
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$128.34
Costs to cover: 1.680%
Break-even: 24.1 days

Slippage from Popdex: live order book, 51 min ago; Kraken Futures: live order book, 1 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 Popdex live order book, 51 min ago	4.08 bp	70.7 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	12.16 bp	19.1 bp −$19	51.3 bp −$513	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
Injective WIF/USDC PERP	−0.0467%	1h	0.2401	−2.715%	$10K	$10K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2456	−0.486%	$976K	$927K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2469	+0.021%	$13K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2463	−0.193%	—	—	150x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0072% / S +0.0252%	1h	0.2464	−0.175%	$21K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2466	−0.085%	$143K	$678K	10x	as long as short
Popdex WIFUSDTlong	+0.0096%	1h	0.2468	long leg	$53K	$570K	20x
Hyperliquid WIF	+0.0100%	1h	0.2467	−0.024%	$8.6M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2465	−0.102%	$28K	$349K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2469	+0.023%	$78K	$69K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2465	−0.120%	$18.6M	$141.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2465	−0.142%	$16.6M	$46.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2465	−0.122%	$5.5M	$41.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2464	−0.162%	$1.1M	$9.0M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2456	−0.486%	$22.5M	$12.1M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2465	−0.122%	$4.2M	$16.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2465	−0.122%	$7.5M	$15.5M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2458	−0.405%	—	$27.2M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2463	−0.186%	$73K	$294K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2448	−0.808%	$73K	$192K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2449	−0.768%	$271K	$2.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2449	−0.770%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2467	−0.041%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2460	−0.324%	$1K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2464	−0.162%	$567	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2462	−0.243%	$150K	$881K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2464	−0.161%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2466	−0.081%	$82K	$85	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0156%	1h	0.2465	−0.122%	$33K	$274K	25x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0346%	1h	0.2465	−0.105%	$637K	$2.6M	50x
Coinbase International WIF-PERP-INTX	+0.0384%	1h	0.2467	−0.041%	$360K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2465	−0.118%	$0	—	15x	as long as short