Funding you earn now, next payment 05:00 UTC−0.0497%/8h= −54.4% APRpaid last 24h −0.054%
Price spread now: KuCoin against Kraken Futures−0.035%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$850.847% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)−0.213%−$21 · spread now −0.035%, 7d avg −0.065%
=The price spread pays, funding is against you. KuCoin is 0.030% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.065%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.154% in total) that is about 33 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment. 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 | 0.4548 | 0.0522 | pay 0.0065% / 1h | 25m 39s | $884K | $2.9M | 50x |
| Short | KuCoin WLDUSDTM | 0.4546 | 0.0025 | get 0.0025% / 8h | 3h 25m | $6.9M | $11.7M | 50x |
Kraken Futures PF_WLDUSD
KuCoin WLDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$104.41
- Price spread: −0.035% → −0.065%
- $3.04
- Slippage, 4 orders
- −$62.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$186.07
- Costs to cover
- 0.847%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: live order book, 3 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, 3 min ago | 7.68 bp | 25.4 bp −$25 | 37.3 bp −$373 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.29 bp | 20.4 bp −$20 | 43.2 bp −$432 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0031% | 1h | 0.4543 | −0.090% | $241K | $205K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4548 | 0.000% | $155K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4558 | +0.229% | $60K | $4.6M | 1.7x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4548 | +0.009% | $123K | $939K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4548 | +0.009% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTMshort | +0.0025% | 8h | 0.4546 | −0.035% | $6.9M | $11.7M | 50x | |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4550 | +0.060% | $39K | $2.1M | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4550 | +0.056% | $209K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4549 | +0.034% | $49K | $524K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4549 | +0.031% | $86.8M | $329.8M | 75x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Polymarket Perps WLD-USD
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4547 | −0.013% | $64.7M | $89.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4547 | −0.013% | $34.4M | $150.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4545 | −0.057% | $7.3M | $36.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4548 | +0.009% | $41.5M | $54.7M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4544 | −0.079% | $30.0M | $30.0M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4547 | −0.013% | — | $67.7M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4547 | −0.013% | $136K | $301K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4546 | −0.043% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4569 | +0.476% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4562 | +0.317% | $600K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4580 | +0.713% | $43K | $238K | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0100% | 8h | 0.4547 | −0.013% | $28K | $868K | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4552 | +0.097% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4546 | −0.035% | $206 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4549 | +0.031% | $831K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4549 | +0.031% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4543 | −0.097% | $216K | $984K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4547 | −0.006% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4545 | −0.054% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4576 | +0.625% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4584 | +0.805% | $5K | $52K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4554 | +0.141% | $4.9M | $890K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4547 | −0.004% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0288% | 1h | 0.4550 | +0.051% | $326 | $55 | 5x | as long as short |
| Hyperliquid WLD | +0.0394% | 1h | 0.4553 | +0.119% | $50.0M | $43.4M | 10x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0522% | 1h | 0.4548 | long leg | $884K | $2.9M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4556 | +0.185% | $266K | $1.6M | 50x | as long as short |
| Lighter WLD | +0.0824% | 1h | 0.4557 | +0.213% | $5.2M | $2.6M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Orderly PERP_WLD_USDC
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Hyperliquid WLD
Coinbase International WLD-PERP-INTX
Lighter WLD