Funding you earn now, next payment 23:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.124%
Price spread now: Bitget against Kraken Futures+0.041%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.041%, 7d avg −0.041%
=The price spread pays, funding is against you. Bitget is 0.082% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.041%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.159% in total) that is about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FETUSD | 0.2019 | 0.0359 | pay 0.0045% / 1h | 13m 01s | $1.0M | $2.2M | 50x |
| Short | Bitget FETUSDT | 0.2020 | 0.0332 | get 0.0332% / 8h | 1h 13m | $16.3M | $11.4M | 75x |
Kraken Futures PF_FETUSD
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$5.63
- Price spread: +0.041% → −0.041%
- $8.19
- Slippage, 4 orders
- −$42.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.63
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago | 3.96 bp | 23.9 bp −$24 | 56.8 bp −$568 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.48 bp | 12.2 bp −$12 | 24.5 bp −$245 | 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 | −0.3699% | 1h | 0.2018 | −0.058% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2024 | +0.239% | $151K | $202K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2019 | −0.014% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0065% | 8h | 0.2016 | −0.157% | $2.7M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2020 | +0.053% | $343K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2019 | −0.032% | $31.6M | $107.5M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2018 | −0.058% | $34.5M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | −0.058% | $10.5M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2019 | +0.004% | $274K | $317K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2017 | −0.107% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2018 | −0.070% | $34K | $190K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0174% | 4h | 0.2021 | +0.091% | $865K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2017 | −0.097% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2017 | −0.107% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FET | +0.0221% | 1h | 0.2020 | +0.051% | $8.9M | $7.9M | 5x | as long as short |
| BingX FET-USDT | +0.0316% | 8h | 0.2020 | +0.041% | — | $5.6M | — | as long as short |
| Bitget FETUSDTshort | +0.0332% | 8h | 0.2020 | +0.041% | $16.3M | $11.4M | 75x | |
| Kraken Futures PF_FETUSDlong | +0.0359% | 1h | 0.2019 | long leg | $1.0M | $2.2M | 50x | |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.454% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2022 | +0.160% | $35K | $36K | 5x | as long as short |
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
BingX FET-USDT
Injective FET/USDC PERP
Phoenix FET