WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0172%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.055%

Price spread now: Coinbase International against Kraken Futures−0.029%7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$860.861% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.462%+$46 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.029%, 7d avg +0.101%

Together, before fees+0.572%+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.130% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.101%). If the spread goes back, that is −$13 on $10k: about 2.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2453	0.0244	pay 0.0030% / 1h	47m 34s	$635K	$2.4M	50x
Short	Coinbase International WIF-PERP-INTX	0.2452	0.0416	get 0.0052% / 1h	47m 34s	$331K	$3.0M	50x

Funding 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 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 Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now −0.029%Rate

Funding earned: $36.18
Price spread: −0.029% → +0.101%: −$13.02
Slippage, 4 orders: −$66.07
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$62.91
Costs to cover: 0.861%
Break-even: 19.2 days

Slippage from Kraken Futures: live order book, 6 min ago; Coinbase International: live order book, 1 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 Kraken Futures live order book, 6 min ago	12.04 bp	26.5 bp −$27	70.0 bp −$700	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.11 bp	18.9 bp −$19	31.2 bp −$312	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	−0.0199%	4h	0.2455	+0.093%	$1.0M	$888K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2452	−0.029%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2452	−0.029%	$33K	$272K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2451	−0.053%	—	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2456	+0.118%	$141K	$660K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2451	−0.070%	$51K	$568K	20x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0099% / S +0.0028%	1h	0.2452	−0.049%	$9K	—	100x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2452	−0.035%	$40K	$319K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2452	−0.036%	$77K	$68K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2452	−0.020%	$19.3M	$133.7M	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	0.2451	−0.070%	$16.8M	$44.2M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2451	−0.070%	$5.7M	$39.3M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2451	−0.070%	$1.1M	$8.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2452	−0.029%	$22.4M	$11.8M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2454	+0.053%	$4.2M	$15.7M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2451	−0.070%	$7.5M	$15.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2451	−0.070%	—	$27.0M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2449	−0.168%	$73K	$312K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2476	+0.952%	$75K	$156K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2470	+0.706%	$281K	$2.6M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2474	+0.868%	$45K	$629K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2451	−0.070%	$5K	$1.2M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2447	−0.233%	$1K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2451	−0.078%	$566	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2451	−0.070%	$173K	$770K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2451	−0.087%	$11K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2452	−0.030%	$82K	$85	3x	as long as short
Hyperliquid WIF	+0.0170%	1h	0.2456	+0.138%	$8.7M	$5.8M	5x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0244%	1h	0.2453	long leg	$635K	$2.4M	50x
Coinbase International WIF-PERP-INTXshort	+0.0416%	1h	0.2452	−0.029%	$331K	$3.0M	50x
Reya WIFRUSDPERP	+0.0558%	1h	0.2451	−0.086%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2555	+4.170%	$11K	$10K	12x	as long as short