Funding you earn now, next payment 03:00 UTC+0.1611%/8h= +176.4% APRnext payment +$2.01 per $10,000 · paid last 24h +0.060%
Price spread now: Kraken Futures against Extended+0.270%7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$318as in the Funding arb table
Net, price: spread back to 7d avg − costs−$321as in the Price arb table
costs, in and out, $10k−$3343.342% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)−1.131%−$113 · spread now +0.270%, 7d avg +0.139%
=Together, before fees−0.969%+ Points / potential airdropExtended: Active · farm board−$97 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Kraken Futures is 0.131% dearer against Extended than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.139%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.162% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 per $10,000. 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 | Extended W-USD | 0.01182 | 0.0104 | pay 0.0013% / 1h | 3m 47s | $59K | $235K | 5x |
| Short | Kraken Futures PF_WUSD | 0.01185 | 0.1715 | get 0.0214% / 1h | 3m 47s | $147K | $184K | 20x |
Extended W-USD
Kraken Futures PF_WUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $338.29
- Price spread: +0.270% → +0.139%
- $13.09
- Slippage, 4 orders
- −$319.15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $17.22
- Costs to cover
- 3.342%
- Break-even
- 6.6 days
Slippage from Extended: live order book, 58 min ago; Kraken Futures: live order book, 59 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 Extended live order book, 58 min ago | 2.96 bp | 96.3 bp −$96 | 412.1 bp −$4,121 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 59 min ago | 22.40 bp | 38.9 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0595% | 1h | 0.01182 | +0.023% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.290% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01182 | +0.006% | $2.0M | $382K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01181 | −0.096% | $2.9M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01181 | −0.045% | $4.1M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01181 | −0.045% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.163% | $446K | $254K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01182 | +0.023% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01182 | +0.006% | $382K | $214K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01183 | +0.091% | $1.3M | $583K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01182 | +0.040% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01182 | +0.016% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01188 | +0.514% | $126K | $413K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01182 | long leg | $59K | $235K | 5x | |
| Coinbase International W-PERP-INTX | +0.0312% | 1h | 0.01196 | +1.165% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0656% | 1h | 0.01184 | +0.192% | $44K | $45K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1715% | 1h | 0.01185 | +0.270% | $147K | $184K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP