Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against KuCoin+0.043%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$860.865% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now +0.043%, 7d avg +0.061%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment. 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	KuCoin WIFUSDTM	0.2560	0.0100	pay 0.0050% / 4h	3h 40m	$4.4M	$15.0M	75x
Short	Kraken Futures PF_WIFUSD	0.2561	0.0359	get 0.0045% / 1h	40m 18s	$663K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.043%Rate

Funding earned: $54.39
Price spread: +0.043% → +0.061%: −$1.81
Slippage, 4 orders: −$64.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.88
Costs to cover: 0.865%
Break-even: 11.4 days

Slippage from KuCoin: 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 KuCoin live order book, 3 min ago	1.95 bp	21.7 bp −$22	73.8 bp −$738	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	9.74 bp	21.7 bp −$22	41.7 bp −$417	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	−0.0214%	4h	0.2559	−0.039%	$1.1M	$906K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2557	−0.098%	$14K	$597	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2561	+0.051%	—	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2542	−0.703%	$11K	$10K	12x	as long as short
Lighter WIF	+0.0096%	1h	0.2562	+0.070%	$150K	$647K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2561	+0.039%	$52K	$556K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2559	−0.050%	$45K	$309K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2559	−0.050%	$79K	$63K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2562	+0.063%	$20.1M	$125.5M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2559	−0.039%	$17.6M	$42.1M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2558	−0.078%	$6.2M	$38.6M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2560	0.000%	$1.3M	$8.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2561	+0.039%	$23.6M	$11.5M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2560	long leg	$4.4M	$15.0M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2560	0.000%	$7.8M	$14.1M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2548	−0.469%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2561	+0.047%	$79K	$301K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2554	−0.232%	$89K	$110K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2567	+0.273%	$284K	$2.5M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2565	+0.195%	$47K	$622K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2560	0.000%	$5K	$1.3M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2557	−0.117%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2560	−0.012%	$603	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2558	−0.078%	$170K	$714K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2558	−0.087%	$10K	$149K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2559	−0.039%	$85K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0119% / S −0.0003%	1h	0.2561	+0.037%	$8K	—	100x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0141%	1h	0.2560	0.000%	$46K	$256K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0352%	1h	0.2562	+0.078%	$343K	$3.0M	50x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0359%	1h	0.2561	+0.043%	$663K	$2.3M	50x
Hyperliquid WIF	+0.0390%	1h	0.2565	+0.187%	$8.4M	$5.1M	5x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2560	+0.003%	$1	—	15x	as long as short