Funding you earn now, next payment 10:00 UTC−0.0243%/8h= −26.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.198%
Price spread now: Coinbase International against Kraken Futures+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Coinbase International is 0.049% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_WUSD | 0.01179 | 0.0883 | pay 0.0110% / 1h | 5m 11s | $147K | $48K | 20x |
| Short | Coinbase International W-PERP-INTX | 0.01179 | 0.0640 | get 0.0080% / 1h | 5m 11s | $13K | $11K | 50x |
Kraken Futures PF_WUSD
Coinbase International W-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
- −$51.08
- Price spread: +0.049% → 0.000%
- $4.89
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$66.18
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 40 min ago; Coinbase International: no order-book sample. 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 Kraken Futures live order book, 40 min ago | 13.54 bp | 416.9 bp −$417 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
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 exchanges
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 | −0.0345% | 1h | 0.01175 | −0.350% | $14K | $4K | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0030% | 4h | 0.01175 | −0.375% | $1.3M | $1.3M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.551% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01176 | −0.248% | $2.0M | $257K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01175 | −0.299% | $3.0M | $4.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01173 | −0.485% | $4.1M | $1.5M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01175 | −0.290% | $434K | $172K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01175 | −0.341% | $12.3M | $1.2M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01174 | −0.418% | $383K | $176K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01176 | −0.248% | $1.3M | $556K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | −0.367% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | −0.465% | $69K | $20K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01174 | −0.418% | $126K | $365K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01175 | −0.365% | $59K | $395K | 5x | as long as short |
| Backpack W_USDC_PERP | +0.0165% | 1h | 0.01176 | −0.214% | $45K | $48K | 15x | as long as short |
| Coinbase International W-PERP-INTXshort | +0.0640% | 1h | 0.01179 | +0.049% | $13K | $11K | 50x | |
| Kraken Futures PF_WUSDlong | +0.0883% | 1h | 0.01179 | long leg | $147K | $48K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP