Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h −0.014%

Price spread now: Kraken Futures against Bitget+0.062%48s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.807% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.062%, 7d avg 0.000%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.062% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of 0.000%. Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget WIFUSDT	0.2379	0.0100	pay 0.0050% / 4h	2h 28m	$7.2M	$15.3M	50x
Short	Kraken Futures PF_WIFUSD	0.2380	0.0251	get 0.0031% / 1h	28m 30s	$618K	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.062%Rate

Funding earned: $31.73
Price spread: +0.062% → 0.000%: $6.24
Slippage, 4 orders: −$58.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$42.73
Costs to cover: 0.807%
Break-even: 16.4 days

Slippage from Bitget: live order book, 5 min ago; Kraken Futures: 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 Bitget live order book, 5 min ago	2.10 bp	14.5 bp −$15	32.7 bp −$327	157.1 bp −$15.7K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	8.38 bp	26.6 bp −$27	66.0 bp −$660	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	−0.0140%	4h	0.2381	+0.084%	$975K	$888K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2376	−0.143%	$13K	$597	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2380	+0.042%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2380	+0.060%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0014%	1h	0.2378	−0.025%	$73K	$317K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0091% / S +0.0033%	1h	0.2381	+0.069%	$8K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2378	−0.055%	$144K	$668K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2379	0.000%	$50K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2381	+0.101%	$8.4M	$6.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2380	+0.037%	$29K	$330K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2376	−0.113%	$75K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2379	+0.016%	$18.4M	$138.6M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2378	−0.042%	$16.1M	$46.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2379	0.000%	$5.4M	$39.2M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2376	−0.126%	$1.1M	$8.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2380	+0.042%	$21.4M	$12.0M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2376	−0.126%	$3.9M	$16.0M	75x	as long as short
Bitget WIFUSDTlong	+0.0100%	4h	0.2379	long leg	$7.2M	$15.3M	50x
BingX WIF-USDC	+0.0100%	4h	0.2378	−0.042%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2382	+0.132%	$87K	$174K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2385	+0.247%	$263K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2384	+0.210%	$44K	$628K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2381	+0.084%	$4K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2378	−0.042%	$2K	$3.0M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2380	+0.042%	$549	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2377	−0.084%	$154K	$828K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2379	+0.014%	$8K	$161K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2381	+0.063%	$79K	$85	3x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0251%	1h	0.2380	+0.062%	$618K	$2.5M	50x
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2386	+0.294%	$320K	$3.0M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2378	−0.036%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2398	+0.799%	$10K	$10K	12x	as long as short