Funding you earn now, next payment 01:00 UTC−0.0183%/8h= −20.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.059%
Price spread now: Coinbase International against Kraken Futures+0.117%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.117%, 7d avg +0.014%
=The price spread pays, funding is against you. Coinbase International is 0.103% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.014%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.008% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 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 | Kraken Futures PF_WLDUSD | 0.4685 | 0.0639 | pay 0.0080% / 1h | 24m 11s | $915K | $2.9M | 50x |
| Short | Coinbase International WLD-PERP-INTX | 0.4690 | 0.0456 | get 0.0057% / 1h | 24m 11s | $280K | $1.7M | 50x |
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$38.4
- Price spread: +0.117% → +0.014%
- $10.29
- Slippage, 4 orders
- −$55.67
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$103.78
- Costs to cover
- 0.757%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Coinbase International: live order book, 4 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, 5 min ago | 5.34 bp | 18.3 bp −$18 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 8.54 bp | 15.6 bp −$16 | 21.0 bp −$210 | doesn't fit | doesn't fit |
WLD on 37 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 WLD/USDC PERP | −0.0235% | 1h | 0.4615 | −1.484% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0151% | 8h | 0.4684 | −0.011% | $43K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0049% | 8h | 0.4677 | −0.161% | $7.1M | $11.5M | 50x | as long as short |
| Nado WLD-PERP | −0.0004% | 1h | 0.4682 | −0.065% | $272K | $189K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4687 | +0.054% | $167K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4680 | −0.097% | $130K | $895K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4683 | −0.037% | $56K | — | 150x | as long as short |
| Gate WLD_USDT | +0.0025% | 8h | 0.4681 | −0.075% | $7.3M | $37.7M | 75x | as long as short |
| ApeX Omni WLDUSDT | +0.0057% | 1h | 0.4659 | −0.545% | $51K | $237K | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0058% | 8h | 0.4681 | −0.075% | $28K | $897K | 10x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Gate WLD_USDT
ApeX Omni WLDUSDT
Orderly PERP_WLD_USDCShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix WLD | +0.0068% | 1h | 0.4715 | +0.642% | $5K | $54K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4690 | +0.108% | $180K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4688 | +0.071% | $56K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4682 | −0.054% | $88.9M | $324.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4681 | −0.075% | $67.3M | $87.3M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4686 | +0.031% | $35.3M | $153.1M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4687 | +0.053% | $46.5M | $55.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4684 | −0.011% | $31.1M | $29.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4684 | −0.011% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4685 | +0.019% | $138K | $292K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4705 | +0.431% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4708 | +0.490% | $28K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4709 | +0.522% | $625K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4686 | +0.025% | $56K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4690 | +0.117% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4681 | −0.075% | $224 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4682 | −0.054% | $886K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4682 | −0.054% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4679 | −0.112% | $216K | $886K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4682 | −0.065% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4683 | −0.028% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4681 | −0.066% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4688 | +0.076% | $335 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0456% | 1h | 0.4690 | +0.117% | $280K | $1.7M | 50x | |
| Hyperliquid WLD | +0.0572% | 1h | 0.4690 | +0.117% | $52.2M | $44.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0639% | 1h | 0.4685 | long leg | $915K | $2.9M | 50x | |
| Lighter WLD | +0.0832% | 1h | 0.4692 | +0.151% | $5.3M | $2.1M | 10x | as long as short |
Phoenix WLD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Lighter WLD