W

Alert

Funding spread now, next payment 18:00 UTC−0.1414%/8h

next payment, per $10,000−$1.77paid, last 24h+0.065%paid, last 7 days−0.109%to open and close $10k−$364

Long on Kraken Futures Short on Extended

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.77 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_WUSD	0.01159	0.1518	pay 0.0190% / 1h	10m 22s	$144K	$193K	20x
Short	Extended W-USD	0.01160	0.0104	get 0.0013% / 1h	10m 22s	$58K	$276K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ExtendedbpOrdersRate

Funding earned: −$297.04
Slippage, 4 orders: −$349.42
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$661.46
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 29 min ago; Extended: live order book, 49 min ago.

Price risk

price view

Price gap now: +0.066%
Avg gap 7d: −0.131%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 29 min ago	10.66 bp	162.9 bp −$163	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 49 min ago	2.58 bp	49.7 bp −$50	337.1 bp −$3,371	doesn't fit	doesn't fit

W on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit W_USDC-PERPETUAL	−0.0268%	1h	$17K	$351	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	$1K	$23K	12x	as long as short
Coinbase International W-PERP-INTX	+0.0088%	1h	$14K	$22K	50x	as long as short
Hyperliquid W	+0.0100%	1h	$2.0M	$628K	5x	as long as short
Binance WUSDT	+0.0100%	4h	$2.9M	$8.5M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	$4.0M	$2.4M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	$1.3M	$2.4M	20x	as long as short
Gate W_USDT	+0.0100%	4h	$438K	$337K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	$11.5M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	$405K	$255K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget WUSDT	+0.0100%	4h	$1.2M	$604K	50x	as long as short
BingX W-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	$39K	$49K	15x	as long as short
Variational Omni W	+0.0100%	4h	$70K	$42K	—	as long as short
Extended W-USDshort	+0.0104%	1h	$58K	$276K	5x
Kraken Futures PF_WUSDlong	+0.1518%	1h	$144K	$193K	20x