Funding arb · Price arb /

WIF

all WIF markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.004%

Price spread now: Kraken Futures against KuCoin+0.082%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)+0.095%+$10 · spread now +0.082%, 7d avg +0.068%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.068%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2471	0.0008	pay 0.0004% / 4h	2h 35m	$4.5M	$13.0M	75x
Short	Kraken Futures PF_WIFUSD	0.2473	−0.0074	pay 0.0009% / 1h	35m 57s	$642K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$17.28
Price spread: +0.082% → +0.068%: $1.36
Slippage, 4 orders: −$70.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$108.61
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Kraken Futures: 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 KuCoin live order book, 8 min ago	2.01 bp	23.7 bp −$24	65.1 bp −$651	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	12.19 bp	19.3 bp −$19	41.8 bp −$418	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
Injective WIF/USDC PERP	−0.0783%	1h	0.2470	−0.040%	$11K	$10K	12x	as long as short
Gate WIF_USDT	−0.0090%	4h	0.2471	0.000%	$1.2M	$7.4M	50x	as long as short
Kraken Futures PF_WIFUSDshort	−0.0074%	1h	0.2473	+0.082%	$642K	$2.3M	50x
dYdX WIF-USD	0.0000%	1h	0.2466	−0.217%	$18K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2473	+0.081%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S +0.0001%	1h	0.2473	+0.095%	$799	—	150x	as long as short
KuCoin WIFUSDTMlong	+0.0008%	4h	0.2471	long leg	$4.5M	$13.0M	75x
Backpack WIF_USDC_PERP	+0.0073%	1h	0.2472	+0.032%	$78K	$272K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2475	+0.158%	$139K	$624K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2471	0.000%	$56K	$497K	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2474	+0.121%	$5K	$1.3M	10x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2473	+0.074%	$35K	$274K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2467	−0.182%	$77K	$53K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2472	+0.040%	$18.7M	$112.4M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2469	−0.069%	$16.9M	$38.1M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2471	0.000%	$5.9M	$34.8M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2472	+0.040%	$22.2M	$11.1M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2471	0.000%	$7.5M	$12.4M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2473	+0.081%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2471	+0.005%	$75K	$70K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2465	−0.241%	$280K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2465	−0.243%	$42K	$629K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2469	−0.081%	$1K	$2.9M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2473	+0.101%	$565	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2468	−0.121%	$168K	$726K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2471	+0.015%	$11K	$155K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2474	+0.107%	$83K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0176% / S −0.0040%	1h	0.2473	+0.085%	$8K	—	100x	as long as short
Hyperliquid WIF	+0.0213%	1h	0.2476	+0.219%	$8.0M	$4.7M	5x	as long as short
Coinbase International WIF-PERP-INTX	+0.0304%	1h	0.2476	+0.202%	$325K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2487	+0.648%	$997K	$710K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2472	+0.025%	$0	—	15x	as long as short