Funding arb · Price arb /

WLFI

all WLFI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0386%/8h= −42.3% APRpaid last 24h +0.046%

Price spread now: KuCoin against Kraken Futures+0.084%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1281.276% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.084%, 7d avg +0.023%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.061% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.023%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.246%, 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 0.246% in total (about 12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WLFIUSD	0.05803	0.0486	pay 0.0061% / 1h	43m 39s	$96K	$130K	20x
Short	KuCoin WLFIUSDTM	0.05808	0.0100	get 0.0050% / 4h	1h 43m	$3.3M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$81.16
Price spread: +0.084% → +0.023%: $6.05
Slippage, 4 orders: −$105.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$202.74
Costs to cover: 1.276%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: 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 Kraken Futures live order book, 2 min ago	17.22 bp	38.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.76 bp	23.8 bp −$24	88.1 bp −$881	doesn't fit	doesn't fit

WLFI on 32 exchanges

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
Coinbase International WLFI-PERP-INTX	−0.0384%	1h	0.05732	−1.226%	$21K	$15K	50x	as long as short
dYdX WLFI-USD	−0.0380%	1h	0.05804	+0.011%	$6K	$11K	5x	as long as short
Reya WLFIRUSDPERP	0.0000%	1h	0.06045	+4.176%	—	—	—	as long as short
Deribit WLFI_USDC-PERPETUAL	0.0000%	1h	0.05796	−0.123%	$526	$11K	10x	as long as short
gTrade (Gains Network) WLFI/USD	L +0.0005% / S −0.0005%	1h	0.05800	−0.053%	$317	—	150x	as long as short
01 Exchange WLFIUSD	+0.0032%	1h	0.05805	+0.032%	$4K	$335	3x	as long as short
Injective WLFI/USDC PERP	+0.0033%	1h	0.05716	−1.502%	$6K	$77K	5.5x	as long as short
Lighter WLFI	+0.0096%	1h	0.05799	−0.071%	$1.1M	$451K	5x	as long as short
Paradex WLFI-USD-PERP	+0.0098%	8h	0.05803	+0.005%	$2K	$10	5x	as long as short
Nado WLFI-PERP	+0.0100%	1h	0.05806	+0.058%	$90K	$28K	5x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WLFI	+0.0100%	1h	0.05803	+0.003%	$10.6M	$932K	5x	as long as short
Aster WLFIUSDT	+0.0100%	4h	0.05805	+0.032%	$1.6M	$651K	20x	as long as short
Pacifica WLFI	+0.0100%	1h	0.05806	+0.042%	$248K	$15K	5x	as long as short
Binance WLFIUSDT	+0.0100%	4h	0.05808	+0.086%	$139.9M	$43.1M	75x	as long as short
Bybit WLFIUSDT	+0.0100%	4h	0.05807	+0.067%	$21.7M	$19.5M	75x	as long as short
OKX WLFI-USDT-SWAP	+0.0100%	4h	0.05806	+0.049%	$7.7M	$13.9M	50x	as long as short
Arcus WLFI-USD	+0.0100%	1h	0.05808	+0.077%	$7K	$10K	5x	as long as short
Gate WLFI_USDT	+0.0100%	4h	0.05805	+0.032%	$3.5M	$3.2M	75x	as long as short
MEXC WLFI_USDT	+0.0100%	4h	0.05808	+0.084%	$14.0M	$20.3M	100x	as long as short
KuCoin WLFIUSDTMshort	+0.0100%	4h	0.05808	+0.084%	$3.3M	$1.1M	75x
Bitget WLFIUSDT	+0.0100%	4h	0.05803	−0.002%	$8.0M	$3.6M	75x	as long as short
BingX WLFI-USDC	+0.0100%	4h	0.05800	−0.054%	—	$2.3M	—	as long as short
Backpack WLFI_USDC_PERP	+0.0100%	1h	0.05801	−0.037%	$233K	$34K	10x	as long as short
Variational Omni WLFI	+0.0100%	4h	0.05811	+0.136%	$454K	$33K	—	as long as short
GRVT WLFI_USDT_Perp	+0.0100%	4h	0.05814	+0.192%	$281K	$1.9M	10x	as long as short
ApeX Omni WLFIUSDT	+0.0100%	1h	0.05800	−0.054%	$33K	$38K	50x	as long as short
SunX WLFI-USDT	+0.0100%	4h	0.05800	−0.054%	$38K	$1.6M	20x	as long as short
SoDEX WLFI-USD	+0.0100%	1h	0.05798	−0.089%	$105	$5K	5x	as long as short
Extended WLFI-USD	+0.0104%	1h	0.05803	−0.010%	$174K	$1.0M	10x	as long as short
GMX WLFI/USD [ETH-USDC]	L +0.0303% / S −0.1371%	1h	0.05802	−0.014%	$7K	—	100x	as long as short
BloFin WLFI-USDT	+0.0340%	4h	0.05815	+0.204%	$4.9M	$96K	75x	as long as short
Kraken Futures PF_WLFIUSDlong	+0.0486%	1h	0.05803	long leg	$96K	$130K	20x