WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0619%/8h= −67.8% APRnext payment −$0.77 per $10,000 · paid last 24h −0.007%

Price spread now: ApeX Omni against Kraken Futures−1.535%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)+1.327%+$133 · spread now −1.535%, 7d avg −0.058%

Together, before fees+1.468%+$147 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and ApeX Omni is 1.477% cheaper against Kraken Futures than usual: you would sell low and buy high (−$148 if the spread goes back to its 7-day average of −0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.141% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.77 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_WIFUSD	0.2572	0.0719	pay 0.0090% / 1h	16m 38s	$671K	$3.0M	50x
Short	ApeX Omni WIFUSDT	0.2533	0.0100	get 0.0013% / 1h	16m 38s	$35K	$654K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −1.535%Rate

Funding earned: −$130.05
Price spread: −1.535% → −0.058%: −$147.68
Slippage, 4 orders: −$79.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$377.4
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 16 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, 2 min ago	13.64 bp	35.1 bp −$35	78.0 bp −$780	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	12.01 bp	21.1 bp −$21	115.8 bp −$1,158	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	0.2564	−0.330%	$1.0M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0108% / S +0.0155%	1h	0.2567	−0.202%	$7K	—	100x	as long as short
Gate WIF_USDT	−0.0038%	4h	0.2569	−0.136%	$1.4M	$11.9M	50x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2565	−0.305%	$14K	$587	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2567	−0.198%	$4K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2570	−0.097%	$6K	$1.2M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2572	−0.004%	$152K	$839K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2569	−0.136%	$55K	$580K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2569	−0.140%	$10.3M	$9.2M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2569	−0.133%	$41K	$411K	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	0.2570	−0.086%	$80K	$90K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2571	−0.074%	$20.5M	$167.3M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2569	−0.136%	$17.8M	$56.4M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2570	−0.097%	$6.2M	$50.4M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2570	−0.097%	$24.5M	$15.6M	50x	as long as short
KuCoin WIFUSDTM	+0.0100%	4h	0.2569	−0.136%	$4.2M	$18.2M	75x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2569	−0.136%	$7.8M	$18.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2574	+0.059%	—	$2.3M	—	as long as short
Backpack WIF_USDC_PERP	+0.0100%	1h	0.2567	−0.198%	$83K	$350K	10x	as long as short
Variational Omni WIF	+0.0100%	4h	0.2535	−1.452%	$78K	$367K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2548	−0.942%	$282K	$3.1M	10x	as long as short
ApeX Omni WIFUSDTshort	+0.0100%	1h	0.2533	−1.535%	$35K	$654K	25x
SunX WIF-USDT	+0.0100%	4h	0.2566	−0.252%	$2K	$3.3M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2571	−0.077%	$592	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2564	−0.330%	$166K	$973K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2568	−0.161%	$9K	$216K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2576	+0.124%	$86K	—	3x	as long as short
Deribit WIF_USDC-PERPETUAL	+0.0139%	1h	0.2570	−0.097%	$34K	$261K	25x	as long as short
Coinbase International WIF-PERP-INTX	+0.0312%	1h	0.2576	+0.136%	$360K	$4.0M	50x	as long as short
Injective WIF/USDC PERP	+0.0323%	1h	0.2558	−0.563%	$10K	$28K	12x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2568	−0.160%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0719%	1h	0.2572	long leg	$671K	$3.0M	50x