Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h 0.000%

Price spread now: Kraken Futures against Bybit+0.072%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.290%+$29 · spread now +0.072%, 7d avg +0.078%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WIFUSDT	0.2463	0.0100	pay 0.0050% / 4h	1h 25m	$17.0M	$38.4M	50x
Short	Kraken Futures PF_WIFUSD	0.2465	0.0138	get 0.0017% / 1h	25m 56s	$648K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.072%Rate

Funding earned: $7.95
Price spread: +0.072% → +0.078%: −$0.56
Slippage, 4 orders: −$53.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$66.81
Costs to cover: 0.742%
Break-even: 65.8 days

Slippage from Bybit: live order book, 3 min ago; Kraken Futures: 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 Bybit live order book, 3 min ago	2.03 bp	11.2 bp −$11	25.0 bp −$250	203.3 bp −$20.3K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	10.12 bp	23.7 bp −$24	41.8 bp −$418	doesn't fit	doesn't fit

WIF on 32 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
BloFin WIF-USDT	−0.0189%	4h	0.2467	+0.162%	$1.0M	$825K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2463	0.000%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2462	−0.041%	$46K	$258K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2464	+0.056%	$797	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.284%	$11K	$10K	12x	as long as short
Gate WIF_USDT	+0.0074%	4h	0.2463	0.000%	$1.2M	$7.6M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2464	+0.041%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2466	+0.122%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2463	−0.017%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2465	+0.099%	$76K	$56K	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance WIFUSDT	+0.0100%	4h	0.2465	+0.075%	$18.8M	$114.6M	75x	as long as short
Bybit WIFUSDTlong	+0.0100%	4h	0.2463	long leg	$17.0M	$38.4M	50x
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2465	+0.081%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2464	+0.041%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2463	0.000%	$4.4M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2463	0.000%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2463	0.000%	—	$65.9M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2462	−0.061%	$79K	$254K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2463	0.000%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2464	+0.024%	$278K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2473	+0.406%	$43K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2463	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2463	0.000%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2464	+0.020%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2461	−0.081%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2463	+0.014%	$11K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2462	−0.042%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0138%	1h	0.2465	+0.072%	$648K	$2.3M	50x
GMX WIF/USD [WBTC.b-USDC]	L +0.0153% / S −0.0026%	1h	0.2464	+0.042%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0284%	1h	0.2468	+0.203%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2465	+0.081%	$327K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2465	+0.063%	$0	—	15x	as long as short