WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h +0.089%

Price spread now: Kraken Futures against Deribit+0.033%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.540%+$54 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.033%, 7d avg +0.058%

Together, before fees+0.619%+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.026% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.540%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WIF_USDC-PERPETUAL	0.2469	0.0155	pay 0.0019% / 1h	28m 06s	$46K	$258K	25x
Short	Kraken Futures PF_WIFUSD	0.2470	0.0138	get 0.0017% / 1h	28m 06s	$647K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$3.7
Price spread: +0.033% → +0.058%: −$2.57
Slippage, 4 orders: −$41.01
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$64.27
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from Deribit: live order book, 35 min ago; Kraken Futures: live order book, just now.

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 Deribit live order book, 35 min ago	2.02 bp	5.5 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell Kraken Futures live order book, just now	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	0.2463	−0.243%	$1.0M	$824K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2465	−0.142%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2468	−0.027%	$798	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	+0.041%	$11K	$10K	12x	as long as short
Gate WIF_USDT	+0.0066%	4h	0.2468	−0.041%	$1.2M	$7.5M	50x	as long as short
Lighter WIF	+0.0096%	1h	0.2470	+0.032%	$139K	$627K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2465	−0.162%	$56K	$497K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2467	−0.077%	$34K	$283K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2466	−0.128%	$76K	$56K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2469	+0.011%	$18.9M	$114.6M	75x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit WIFUSDT	+0.0100%	4h	0.2467	−0.081%	$17.0M	$38.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2468	−0.041%	$5.9M	$34.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2469	0.000%	$22.2M	$11.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2468	−0.041%	$4.4M	$13.6M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2468	−0.041%	$7.4M	$12.7M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2466	−0.122%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2467	−0.089%	$78K	$267K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2470	+0.040%	$75K	$69K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2471	+0.082%	$276K	$2.1M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2473	+0.162%	$43K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2469	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2462	−0.284%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2469	−0.020%	$569	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2462	−0.284%	$166K	$691K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2466	−0.129%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2469	−0.020%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0138%	1h	0.2470	+0.033%	$647K	$2.3M	50x
GMX WIF/USD [WBTC.b-USDC]	L +0.0154% / S −0.0026%	1h	0.2469	0.000%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUALlong	+0.0155%	1h	0.2469	long leg	$46K	$258K	25x
Hyperliquid WIF	+0.0282%	1h	0.2473	+0.150%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2468	−0.041%	$329K	$2.6M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2467	−0.081%	$0	—	15x	as long as short