Funding you earn now, next payment 09:00 UTC−0.0796%/8h= −87.1% APRnext payment −$0.99 per $10,000 · paid last 24h −0.216%
Price spread now: Extended against Kraken Futures−0.136%7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$416as in the Funding arb table
Net, price: spread back to 7d avg − costs−$390as in the Price arb table
costs, in and out, $10k−$3913.908% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)+0.997%+$100 · spread now −0.136%, 7d avg −0.144%
=Together, before fees+0.745%+ Points / potential airdropExtended: Active · farm board+$75 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.144%, so right now this pair is about funding alone: −$24 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 -0.252% in total (about -13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 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 | Kraken Futures PF_WUSD | 0.01176 | 0.0900 | pay 0.0112% / 1h | 27m 52s | $146K | $48K | 20x |
| Short | Extended W-USD | 0.01174 | 0.0104 | get 0.0013% / 1h | 27m 52s | $63K | $388K | 5x |
Kraken Futures PF_WUSD
Extended W-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$167.11
- Price spread: −0.136% → −0.144%
- $0.77
- Slippage, 4 orders
- −$375.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$557.19
- Costs to cover
- 3.908%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Extended: live order book, 5 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, 4 min ago | 25.54 bp | 183.1 bp −$183 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 1.71 bp | 44.2 bp −$44 | 314.0 bp −$3,140 | 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 | −0.0006% | 1h | 0.01173 | −0.187% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.841% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01174 | −0.136% | $2.0M | $271K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01174 | −0.168% | $3.0M | $5.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01171 | −0.374% | $4.1M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01173 | −0.230% | $1.3M | $1.4M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01170 | −0.477% | $427K | $217K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01173 | −0.196% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01172 | −0.306% | $385K | $190K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01173 | −0.221% | $1.3M | $542K | 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 | 0.01172 | −0.306% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01171 | −0.433% | $71K | $38K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | −0.221% | $126K | $374K | 10x | as long as short |
| Extended W-USDshort | +0.0104% | 1h | 0.01174 | −0.136% | $63K | $388K | 5x | |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01183 | +0.587% | $13K | $13K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0509% | 1h | 0.01175 | −0.009% | $44K | $53K | 15x | as long as short |
| Kraken Futures PF_WUSDlong | +0.0900% | 1h | 0.01176 | long leg | $146K | $48K | 20x |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP