Funding you earn now, next payment 03:00 UTC+0.0269%/8h= +29.4% APRpaid last 24h −0.048%
Price spread now: BingX against Kraken Futures+0.163%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$730.729% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.163%, 7d avg −0.065%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.228% dearer against Kraken Futures than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% 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 | Kraken Futures PF_FETUSD | 0.2026 | 0.0115 | pay 0.0014% / 1h | 40m 42s | $985K | $2.2M | 50x |
| Short | BingX FET-USDT | 0.2029 | 0.0384 | get 0.0384% / 8h | 5h 40m | — | $6.0M | — |
Kraken Futures PF_FETUSD
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- $56.45
- Price spread: +0.163% → −0.065%
- $22.76
- Slippage, 4 orders
- −$52.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $6.3
- Costs to cover
- 0.729%
- Break-even
- 6.2 days
Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 9 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 Kraken Futures live order book, 3 min ago | 6.15 bp | 22.0 bp −$22 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.94 bp | 11.9 bp −$12 | 18.3 bp −$183 | 73.1 bp −$7,309 | 362.3 bp −$181.2K |
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 | −0.4177% | 1h | 0.2024 | −0.084% | $30K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2033 | +0.360% | $149K | $221K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2024 | −0.068% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.775% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2028 | +0.137% | $258K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2028 | +0.113% | $31.5M | $111.4M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2026 | +0.014% | $2.7M | $12.2M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2027 | +0.064% | $30.3M | $24.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2028 | +0.113% | $10.6M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2026 | +0.020% | $339K | $424K | — | 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 | 0.2023 | −0.134% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2028 | +0.115% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0115% | 1h | 0.2026 | long leg | $985K | $2.2M | 50x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2024 | −0.089% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2027 | +0.064% | $1.7M | $2.9M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0249% | 4h | 0.2031 | +0.261% | $1.0M | $8.1M | 20x | as long as short |
| BingX FET-USDTshort | +0.0384% | 8h | 0.2029 | +0.163% | — | $6.0M | — | |
| Bitget FETUSDT | +0.0408% | 8h | 0.2030 | +0.212% | $16.5M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2024 | −0.109% | $35K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0731% | 1h | 0.2028 | +0.118% | $8.9M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET
Hyperliquid FET