W

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1316%/8h= +144.1% APRnext payment +$1.65 per $10,000 · paid last 24h +0.073%

Price spread now: Kraken Futures against Coinbase International−0.291%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.291% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.291% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 18 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International W-PERP-INTX	0.01195	0.0440	pay 0.0055% / 1h	45m 41s	$14K	$15K	50x
Short	Kraken Futures PF_WUSD	0.01192	0.1756	get 0.0220% / 1h	45m 41s	$148K	$184K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.291%Rate

Funding earned: $276.43
Price spread: −0.291% → 0.000%: −$29.11
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $227.32
Costs to cover: 0.200%
Break-even: 1.2 days

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 7 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 7 min ago	13.03 bp	56.7 bp −$57	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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.

W on 17 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
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01190	−0.452%	$15K	$3K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.138%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01190	−0.452%	$2.0M	$329K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01189	−0.551%	$3.0M	$6.2M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01187	−0.719%	$4.2M	$1.8M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01188	−0.644%	$1.3M	$1.8M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01187	−0.669%	$449K	$210K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01189	−0.544%	$12.8M	$1.3M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01186	−0.786%	$376K	$210K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01189	−0.535%	$1.3M	$564K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01188	−0.661%	—	$6.8M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01187	−0.662%	$71K	$40K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01187	−0.676%	$128K	$402K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01188	−0.579%	$60K	$233K	5x	as long as short
Coinbase International W-PERP-INTXlong	+0.0440%	1h	0.01195	long leg	$14K	$15K	50x
Backpack W_USDC_PERP	+0.1671%	1h	0.01191	−0.351%	$44K	$43K	15x	as long as short
Kraken Futures PF_WUSDshort	+0.1756%	1h	0.01192	−0.291%	$148K	$184K	20x