Funding you earn now, next payment 02:00 UTC−0.0835%/8h= −91.4% APRpaid last 24h +0.091%
Price spread now: Kraken Futures against Gate+0.237%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$730.733% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.237%, 7d avg +0.119%
=The price spread pays, funding is against you. Kraken Futures is 0.119% dearer against Gate than usual: you sell high and buy low (spread +0.237% now, against its 7-day average of +0.119%): +$12 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.230%, 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 0.230% in total (about 12.0% 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 | Gate FET_USDT | 0.2036 | 0.0100 | pay 0.0100% / 8h | 6h 06m | $2.7M | $12.4M | 50x |
| Short | Kraken Futures PF_FETUSD | 0.2041 | −0.0735 | pay 0.0092% / 1h | 6m 00s | $996K | $2.2M | 50x |
Gate FET_USDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- −$175.3
- Price spread: +0.237% → +0.119%
- $11.89
- Slippage, 4 orders
- −$48.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$236.66
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from Gate: 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 Gate live order book, 3 min ago | 4.91 bp | 13.7 bp −$14 | 40.5 bp −$405 | 61.7 bp −$6,174 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 6.62 bp | 20.1 bp −$20 | 57.9 bp −$579 | doesn't fit | doesn't fit |
FET on 19 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 | −0.3658% | 1h | 0.2039 | +0.147% | $30K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2036 | 0.000% | $148K | $220K | 50x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.0735% | 1h | 0.2041 | +0.237% | $996K | $2.2M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2037 | +0.051% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.277% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2038 | +0.098% | $261K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2038 | +0.098% | $31.7M | $112.1M | 75x | as long as short |
| Gate FET_USDTlong | +0.0100% | 8h | 0.2036 | long leg | $2.7M | $12.4M | 50x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2037 | +0.049% | $31.2M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2039 | +0.147% | $10.7M | $19.0M | 50x | 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
MEXC FET_USDT
KuCoin FETUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2039 | +0.154% | $337K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2037 | +0.049% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2039 | +0.152% | $33K | $250K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2036 | +0.012% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0233% | 4h | 0.2041 | +0.246% | $1.0M | $8.1M | 20x | as long as short |
| BingX FET-USDT | +0.0357% | 8h | 0.2038 | +0.098% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0378% | 8h | 0.2040 | +0.196% | $16.5M | $11.7M | 75x | as long as short |
| Hyperliquid FET | +0.0449% | 1h | 0.2040 | +0.195% | $9.1M | $8.2M | 5x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2035 | −0.029% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET