Funding you earn now, next payment 07:00 UTC+0.0450%/8h= +49.3% APRpaid last 24h +0.020%
Price spread now: Kraken Futures against BingX+0.115%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.115%, 7d avg +0.062%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.053% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment. 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 | BingX FET-USDT | 0.2016 | 0.0194 | pay 0.0194% / 8h | 1h 59m | — | $6.0M | — |
| Short | Kraken Futures PF_FETUSD | 0.2018 | 0.0644 | get 0.0080% / 1h | 59m 10s | $1.0M | $2.2M | 50x |
BingX FET-USDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $94.49
- Price spread: +0.115% → +0.062%
- $5.33
- Slippage, 4 orders
- −$47.84
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $31.98
- Costs to cover
- 0.678%
- Break-even
- 4.6 days
Slippage from BingX: live order book, 6 min ago; Kraken Futures: live order book, 4 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 BingX live order book, 6 min ago | 2.47 bp | 12.0 bp −$12 | 17.7 bp −$177 | 53.6 bp −$5,364 | 371.8 bp −$185.9K |
| Sell Kraken Futures live order book, 4 min ago | 12.09 bp | 25.9 bp −$26 | 61.7 bp −$617 | doesn't fit | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.2719% | 1h | 0.2015 | −0.050% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2023 | +0.347% | $152K | $265K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2014 | −0.106% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.298% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2014 | −0.104% | $191K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2016 | +0.021% | $30.7M | $115.0M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2014 | −0.099% | $2.7M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2016 | 0.000% | $30.1M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2016 | 0.000% | $10.5M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2019 | +0.155% | $287K | $491K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | −0.099% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2014 | −0.077% | $33K | $202K | 10x | as long as short |
| BingX FET-USDTlong | +0.0194% | 8h | 0.2016 | long leg | — | $6.0M | — | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2014 | −0.090% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0205% | 8h | 0.2018 | +0.099% | $16.4M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2014 | −0.099% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0466% | 4h | 0.2018 | +0.099% | $997K | $8.3M | 20x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0644% | 1h | 0.2018 | +0.115% | $1.0M | $2.2M | 50x | |
| Phoenix FET | +0.0649% | 1h | 0.2017 | +0.050% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0665% | 1h | 0.2016 | +0.025% | $8.5M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET