Funding you earn now, next payment 06:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.003%
Price spread now: Kraken Futures against BloFin−0.010%57s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.010%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% 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 | BloFin FET-USDT | 0.1987 | 0.0220 | pay 0.0220% / 8h | 2h 35m | $1.7M | $3.2M | 100x |
| Short | Kraken Futures PF_FETUSD | 0.1987 | 0.0462 | get 0.0058% / 1h | 35m 35s | $986K | $2.2M | 50x |
BloFin FET-USDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $50.91
- Price spread: −0.010% → +0.005%
- −$1.5
- Slippage, 4 orders
- −$68.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$40.95
- Costs to cover
- 0.904%
- Break-even
- 12.6 days
Slippage from BloFin: live order book, 3 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 BloFin live order book, 3 min ago | 7.57 bp | 17.5 bp −$18 | 29.6 bp −$296 | 144.1 bp −$14.4K | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 18.42 bp | 26.1 bp −$26 | 50.7 bp −$507 | 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 | −0.3264% | 1h | 0.1985 | −0.101% | $38K | $299K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1989 | +0.101% | $148K | $258K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1984 | −0.148% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.158% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1991 | +0.196% | $191K | $810K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1994 | +0.352% | $30.3M | $114.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1991 | +0.201% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1993 | +0.302% | $29.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1990 | +0.151% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1986 | −0.041% | $273K | $479K | — | 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 | 0.1984 | −0.151% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1993 | +0.326% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0193% | 8h | 0.1993 | +0.302% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0196% | 8h | 0.1995 | +0.403% | $16.1M | $11.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1983 | −0.188% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.1987 | long leg | $1.7M | $3.2M | 100x | |
| OKX FET-USDT-SWAP | +0.0359% | 4h | 0.1994 | +0.352% | $980K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0462% | 1h | 0.1987 | −0.010% | $986K | $2.2M | 50x | |
| Phoenix FET | +0.0649% | 1h | 0.1984 | −0.126% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0889% | 1h | 0.1993 | +0.302% | $8.5M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET