WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0486%/8h= +53.2% APRnext payment +$0.61 per $10,000 · paid last 24h −0.057%

Price spread now: Kraken Futures against Coinbase International+0.012%7-day average −0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.443%−$44 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.012%, 7d avg −0.098%

Together, before fees−0.553%−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.110% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.098%. Mind the row above: over the last 7 days funding on this pair cost −0.443%, 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	Coinbase International WIF-PERP-INTX	0.2419	0.0352	pay 0.0044% / 1h	5m 09s	$322K	$3.4M	50x
Short	Kraken Futures PF_WIFUSD	0.2419	0.0838	get 0.0105% / 1h	5m 09s	$625K	$2.8M	50x

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 +0.012%Rate

Funding earned: $102.06
Price spread: +0.012% → −0.098%: $10.98
Slippage, 4 orders: −$79.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $13.11
Costs to cover: 0.999%
Break-even: 6.1 days

Slippage from Coinbase International: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Coinbase International live order book, 4 min ago	8.17 bp	17.2 bp −$17	30.5 bp −$305	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	12.24 bp	28.7 bp −$29	217.0 bp −$2,170	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
GMX WIF/USD [WBTC.b-USDC]	L −0.0235% / S +0.0287%	1h	0.2420	+0.026%	$19K	—	100x	as long as short
Injective WIF/USDC PERP	−0.0161%	1h	0.2462	+1.778%	$10K	$11K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2414	−0.207%	$1.0M	$926K	75x	as long as short
Backpack WIF_USDC_PERP	−0.0049%	1h	0.2417	−0.087%	$72K	$313K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2418	−0.054%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2419	0.000%	$32K	$275K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2419	+0.019%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2419	0.000%	$144K	$749K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2418	−0.041%	$51K	$577K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2417	−0.083%	$9.5M	$8.0M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2419	−0.013%	$28K	$357K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2416	−0.116%	$76K	$77K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2420	+0.041%	$19.2M	$154.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2422	+0.124%	$16.6M	$50.9M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2417	−0.083%	$5.7M	$43.4M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2417	−0.083%	$1.2M	$9.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2416	−0.124%	$24.3M	$13.4M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2414	−0.207%	$3.9M	$17.4M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2420	+0.041%	$7.3M	$16.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2421	+0.083%	—	$27.2M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2419	+0.007%	$112K	$235K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2423	+0.179%	$274K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2438	+0.785%	$44K	$641K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2417	−0.083%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2412	−0.289%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2417	−0.103%	$559	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2416	−0.124%	$152K	$917K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2416	−0.117%	$9K	$176K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2417	−0.099%	$81K	—	3x	as long as short
Coinbase International WIF-PERP-INTXlong	+0.0352%	1h	0.2419	long leg	$322K	$3.4M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2415	−0.179%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0838%	1h	0.2419	+0.012%	$625K	$2.8M	50x