Funding you earn now, next payment 00:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.53 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget−0.199%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$900.902% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days+0.249%+$25 · spread now −0.199%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.222% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FETUSDT | 0.2015 | 0.0153 | pay 0.0153% / 8h | 2h 35m | $16.4M | $11.4M | 75x |
| Short | KuCoin FETUSDTM | 0.2011 | 0.0100 | get 0.0100% / 8h | 2h 35m | $10.4M | $19.0M | 50x |
Bitget FETUSDT
KuCoin FETUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$11.13
- Price spread: −0.199% → +0.023%
- −$22.17
- Slippage, 4 orders
- −$66.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$123.52
- Costs to cover
- 0.902%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: 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 Bitget live order book, 4 min ago | 2.49 bp | 18.6 bp −$19 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 4.99 bp | 37.0 bp −$37 | 78.3 bp −$783 | 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 | −0.3219% | 1h | 0.2011 | −0.199% | $26K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2017 | +0.099% | $161K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0076% | 8h | 0.2011 | −0.199% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2011 | −0.209% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2013 | −0.075% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2011 | −0.204% | $346K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2013 | −0.089% | $31.4M | $107.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2015 | 0.000% | $857K | $7.6M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2011 | −0.199% | $35.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2011 | −0.199% | $10.4M | $19.0M | 50x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2014 | −0.028% | $273K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2010 | −0.248% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2012 | −0.127% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0139% | 8h | 0.2014 | −0.050% | — | $5.6M | — | as long as short |
| Hyperliquid FET | +0.0151% | 1h | 0.2013 | −0.105% | $9.0M | $7.6M | 5x | as long as short |
| Bitget FETUSDTlong | +0.0153% | 8h | 0.2015 | long leg | $16.4M | $11.4M | 75x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2010 | −0.249% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2013 | −0.099% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +0.744% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2015 | +0.015% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET