Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0642%/8h= +70.3% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against HTX+0.050%7-day average −0.420% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1451.451% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.050%, 7d avg −0.420%

Together, before fees−0.611%−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.471% dearer against HTX than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of −0.420%. Mind the row above: over the last 7 days funding on this pair cost −0.337%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.337% in total (about -17.6% 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	HTX WIF-USDT	0.2493	0.0100	pay 0.0050% / 4h	3h 41m	$154K	$943K	75x
Short	Kraken Futures PF_WIFUSD	0.2494	0.0742	get 0.0093% / 1h	41m 48s	$641K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.050%Rate

Funding earned: $134.78
Price spread: +0.050% → −0.420%: $47.05
Slippage, 4 orders: −$123.12
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $36.72
Costs to cover: 1.451%
Break-even: 5.1 days

Slippage from HTX: live order book, 57 min ago; Kraken Futures: live order book, 2 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 HTX live order book, 57 min ago	5.95 bp	32.9 bp −$33	1963.4 bp −$19.6K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	8.01 bp	20.6 bp −$21	35.4 bp −$354	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
Gate WIF_USDT	−0.0464%	4h	0.2495	+0.080%	$1.4M	$11.4M	50x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0353% / S +0.0311%	1h	0.2492	−0.053%	$19K	—	100x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2496	+0.120%	$1.0M	$1.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2492	−0.056%	$14K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2492	−0.040%	$33K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2491	−0.063%	$4K	—	150x	as long as short
Lighter WIF	+0.0096%	1h	0.2499	+0.249%	$147K	$810K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2493	0.000%	$54K	$580K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2492	−0.040%	$6K	$1.1M	10x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2498	+0.193%	$10.0M	$9.1M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2498	+0.189%	$40K	$411K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2490	−0.126%	$77K	$87K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2498	+0.189%	$19.8M	$165.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2498	+0.201%	$17.4M	$55.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2498	+0.201%	$5.8M	$48.2M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2497	+0.160%	$24.4M	$15.3M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2497	+0.160%	$3.9M	$18.0M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2497	+0.160%	$7.6M	$18.2M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2496	+0.120%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2499	+0.225%	$84K	$333K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2496	+0.124%	$74K	$364K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2500	+0.276%	$279K	$3.0M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2499	+0.241%	$35K	$653K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2486	−0.281%	$1K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2492	−0.040%	$577	$5K	5x	as long as short
HTX WIF-USDTlong	+0.0100%	4h	0.2493	long leg	$154K	$943K	75x
Extended WIF-USD	+0.0104%	1h	0.2496	+0.135%	$12K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2492	−0.040%	$83K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2501	+0.321%	$334K	$3.8M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2509	+0.642%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2491	−0.076%	$0	—	15x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0742%	1h	0.2494	+0.050%	$641K	$3.0M	50x