Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.012%
Price spread now: Kraken Futures against Orderly+0.046%7-day average +0.073% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.046%, 7d avg +0.073%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.026% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WIF_USDC | 0.2474 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $5K | $1.3M | 10x |
| Short | Kraken Futures PF_WIFUSD | 0.2475 | −0.0074 | pay 0.0009% / 1h | 15m 23s | $642K | $2.3M | 50x |
Orderly PERP_WIF_USDC
Kraken Futures PF_WIFUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.58
- Price spread: +0.046% → +0.073%
- −$2.64
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$55.22
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 12.14 bp | 31.1 bp −$31 | 53.9 bp −$539 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
WIF on 31 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 | −0.162% | $11K | $10K | 12x | as long as short |
| Kraken Futures PF_WIFUSDshort | −0.0074% | 1h | 0.2475 | +0.046% | $642K | $2.3M | 50x | |
| Backpack WIF_USDC_PERP | −0.0022% | 1h | 0.2463 | −0.432% | $81K | $273K | 10x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2468 | −0.261% | $18K | $589 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2474 | +0.017% | $799 | — | 150x | as long as short |
| Gate WIF_USDT | +0.0008% | 4h | 0.2472 | −0.081% | $1.2M | $7.5M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0078% | 4h | 0.2473 | −0.040% | $4.5M | $13.2M | 75x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2470 | −0.174% | $139K | $626K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2470 | −0.162% | $57K | $496K | 20x | as long as short |
| Orderly PERP_WIF_USDClong | +0.0100% | 4h | 0.2474 | long leg | $5K | $1.3M | 10x |
Injective WIF/USDC PERP
Backpack WIF_USDC_PERP
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Gate WIF_USDT
KuCoin WIFUSDTM
Lighter WIF
Popdex WIFUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WIFUSDT | +0.0100% | 4h | 0.2470 | −0.147% | $35K | $278K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2468 | −0.247% | $77K | $54K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2475 | +0.027% | $18.9M | $113.0M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2472 | −0.081% | $17.0M | $38.3M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2472 | −0.081% | $5.9M | $34.8M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2474 | 0.000% | $22.1M | $11.1M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2473 | −0.040% | $7.5M | $12.5M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2473 | −0.040% | — | $65.9M | — | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2463 | −0.443% | $75K | $70K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2477 | +0.121% | $280K | $2.0M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2474 | 0.000% | $43K | $628K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2471 | −0.121% | $1K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2475 | +0.020% | $567 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2464 | −0.404% | $166K | $732K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2473 | −0.045% | $8K | $158K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2474 | +0.004% | $83K | $85 | 3x | as long as short |
| Deribit WIF_USDC-PERPETUAL | +0.0154% | 1h | 0.2474 | 0.000% | $49K | $266K | 25x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0169% / S −0.0036% | 1h | 0.2474 | 0.000% | $8K | — | 100x | as long as short |
| Hyperliquid WIF | +0.0211% | 1h | 0.2478 | +0.150% | $8.0M | $4.7M | 5x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0304% | 1h | 0.2472 | −0.081% | $329K | $2.5M | 50x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2473 | −0.058% | $0 | — | 15x | as long as short |
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDT
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
Deribit WIF_USDC-PERPETUAL
GMX WIF/USD [WBTC.b-USDC]
Hyperliquid WIF
Coinbase International WIF-PERP-INTX
Reya WIFRUSDPERP