Spread before costs (cost unknown: a leg has no order-book sample)−0.094%
7d average—if it closes, per $10,000$9funding while held, a day−$26.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_WUSD | 0.01168 | 0.0904 | pay 0.0113% / 1h | 56m 10s | $145K | $193K | 20x |
| Short | Coinbase International W-PERP-INTX | 0.01167 | 0.0024 | get 0.0003% / 1h | 56m 10s | $14K | $22K | 50x |
Kraken Futures PF_WUSD
Coinbase International W-PERP-INTXPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$9.43
- Funding while held
- −$26.41
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$55.84
- Spread needed to break even
- 0.200%
Slippage unknown: Kraken Futures: live order book, 43 min ago; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0880%
- Per $10,000 a day
- −$26.41
- Average in range /8h
- —
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, 43 min ago | 10.66 bp | 162.9 bp −$163 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
W price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.01159cheapestOKX0.01163+0.379%Bybit0.01164+0.396%BingX0.01164+0.413%Gate0.01165+0.491%Extended0.01165+0.507%KuCoin0.01165+0.508%Bitget0.01165+0.508%Binance0.01165+0.508%MEXC0.01165+0.525%Deribit0.01166+0.577%Hyperliquid0.01166+0.594%Backpack0.01167+0.655%
Variational Omni
OKX
Bybit
BingX
Gate
Extended
KuCoin
Bitget
Binance
MEXC
Deribit
Hyperliquid
BackpackCoinbase International0.01167+0.698%
Kraken Futures0.01168+0.793%
Injective0.01209+4.304%
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni W | −0.787% | +0.0100% | 4h | $70K | $42K | — | as long as short |
| OKX W-USDT-SWAP | −0.411% | +0.0100% | 4h | $1.3M | $2.3M | 20x | as long as short |
| Bybit WUSDT | −0.394% | +0.0100% | 4h | $4.0M | $2.4M | 50x | as long as short |
| BingX W-USDT | −0.377% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Gate W_USDT | −0.300% | +0.0100% | 4h | $441K | $323K | 75x | as long as short |
| Extended W-USD | −0.284% | +0.0104% | 1h | $58K | $276K | 5x | as long as short |
| KuCoin WUSDTM | −0.283% | +0.0100% | 4h | $407K | $247K | 50x | as long as short |
| Bitget WUSDT | −0.283% | +0.0100% | 4h | $1.2M | $597K | 50x | as long as short |
| Binance WUSDT | −0.282% | +0.0100% | 4h | $2.9M | $8.5M | 50x | as long as short |
| MEXC W_USDT | −0.265% | +0.0100% | 4h | $11.6M | $1.3M | 50x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.214% | −0.0436% | 1h | $18K | $351 | 10x | as long as short |
| Hyperliquid W | −0.197% | +0.0100% | 1h | $2.0M | $625K | 5x | as long as short |
| Backpack W_USDC_PERP | −0.137% | +0.0100% | 1h | $39K | $49K | 15x | as long as short |
| Coinbase International W-PERP-INTXshort | −0.094% | +0.0024% | 1h | $14K | $22K | 50x | |
| Kraken Futures PF_WUSDlong | 0.000% | +0.0904% | 1h | $145K | $193K | 20x | |
| Injective W/USDC PERP | +3.484% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |