Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h +0.010%
Price spread now: Kraken Futures against Injective+0.526%63s7-day average +0.643% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.294%+$29 · spread now +0.526%, 7d avg +0.643%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.117% cheaper against Injective than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.643%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective FET/USDC PERP | 0.2010 | 0.0033 | pay 0.0004% / 1h | 59m 30s | $3K | $166K | 12x |
| Short | Kraken Futures PF_FETUSD | 0.2021 | −0.0011 | pay 0.0001% / 1h | 59m 30s | $1.0M | $2.1M | 50x |
Injective FET/USDC PERP
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- −$9.39
- Price spread: +0.526% → +0.643%
- −$11.72
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$31.13
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 13.61 bp | 33.9 bp −$34 | 54.0 bp −$540 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3207% | 1h | 0.2018 | +0.398% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0792% | 1h | 0.2021 | +0.547% | $152K | $262K | 50x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.0011% | 1h | 0.2021 | +0.526% | $1.0M | $2.1M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2017 | +0.327% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPlong | +0.0033% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2019 | +0.456% | $188K | $751K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2018 | +0.398% | $2.7M | $12.0M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2017 | +0.348% | $10.5M | $17.7M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2020 | +0.509% | $276K | $524K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2017 | +0.348% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0114% | 8h | 0.2019 | +0.448% | $16.5M | $11.7M | 75x | as long as short |
| MEXC FET_USDT | +0.0126% | 8h | 0.2018 | +0.398% | $29.9M | $25.0M | 200x | as long as short |
| Binance FETUSDT | +0.0126% | 8h | 0.2018 | +0.378% | $30.8M | $111.7M | 75x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2020 | +0.510% | $37K | $200K | 10x | as long as short |
| BingX FET-USDT | +0.0131% | 8h | 0.2019 | +0.448% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2016 | +0.317% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0212% | 4h | 0.2019 | +0.448% | $1.0M | $8.0M | 20x | as long as short |
| BloFin FET-USDT | +0.0249% | 8h | 0.2021 | +0.547% | $1.7M | $3.2M | 100x | as long as short |
| Hyperliquid FET | +0.0510% | 1h | 0.2019 | +0.458% | $8.5M | $8.5M | 5x | as long as short |
| Phoenix FET | +0.0597% | 1h | 0.2023 | +0.667% | $35K | $35K | 5x | as long as short |
Bitget FETUSDT
MEXC FET_USDT
Binance FETUSDT
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BloFin FET-USDT
Hyperliquid FET
Phoenix FET