WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.061%

Price spread now: Coinbase International against Kraken Futures+0.229%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$860.865% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.229%, 7d avg +0.103%

Together, before fees+0.315%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.126% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2441	0.0040	pay 0.0005% / 1h	50m 39s	$632K	$2.2M	50x
Short	Coinbase International WIF-PERP-INTX	0.2447	0.0288	get 0.0036% / 1h	50m 39s	$332K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.229%Rate

Funding earned: $52.16
Price spread: +0.229% → +0.103%: $12.62
Slippage, 4 orders: −$66.47
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$21.69
Costs to cover: 0.865%
Break-even: 9.9 days

Slippage from Kraken Futures: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	8.17 bp	17.9 bp −$18	45.4 bp −$454	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.14 bp	25.6 bp −$26	doesn't fit	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
Backpack WIF_USDC_PERP	−0.0686%	1h	0.2434	−0.291%	$75K	$250K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0160%	1h	0.2439	−0.099%	$48K	$289K	25x	as long as short
Gate WIF_USDT	−0.0046%	4h	0.2438	−0.139%	$1.2M	$7.0M	50x	as long as short
ApeX Omni WIFUSDT	−0.0032%	1h	0.2443	+0.065%	$43K	$632K	25x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2437	−0.196%	$18K	$589	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2443	+0.046%	$16K	—	150x	as long as short
KuCoin WIFUSDTM	+0.0002%	4h	0.2436	−0.221%	$4.3M	$11.9M	75x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−1.901%	$10K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0040%	1h	0.2441	long leg	$632K	$2.2M	50x
Orderly PERP_WIF_USDC	+0.0094%	4h	0.2439	−0.099%	$5K	$1.3M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WIF	+0.0096%	1h	0.2438	−0.152%	$145K	$578K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2441	−0.017%	$54K	$484K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2440	−0.066%	$7.7M	$4.1M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2437	−0.171%	$24K	$257K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2438	−0.157%	$75K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2437	−0.180%	$18.4M	$105.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2438	−0.139%	$16.8M	$36.3M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2437	−0.180%	$6.0M	$32.6M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2439	−0.099%	$22.0M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2440	−0.058%	$7.5M	$11.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2438	−0.139%	—	$65.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2440	−0.053%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2445	+0.146%	$278K	$1.9M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2436	−0.221%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2439	−0.099%	$558	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2437	−0.180%	$168K	$746K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2439	−0.079%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2439	−0.112%	$81K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2442	+0.017%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTXshort	+0.0288%	1h	0.2447	+0.229%	$332K	$2.4M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2438	−0.139%	$987K	$735K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2440	−0.063%	$0	—	15x	as long as short