Funding you earn now, next payment 09:00 UTC+0.0554%/8h= +60.7% APRpaid last 24h +0.027%
Price spread now: BloFin against Kraken Futures+0.023%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$770.771% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.023%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and BloFin is 0.030% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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 | Kraken Futures PF_FETUSD | 0.2031 | −0.0303 | get 0.0038% / 1h | 49m 14s | $1.0M | $2.0M | 50x |
| Short | BloFin FET-USDT | 0.2031 | 0.0251 | get 0.0251% / 8h | 7h 49m | $1.7M | $3.3M | 100x |
Kraken Futures PF_FETUSD
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $116.37
- Price spread: +0.023% → −0.007%
- $3
- Slippage, 4 orders
- −$55.14
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $42.22
- Costs to cover
- 0.771%
- Break-even
- 4.5 days
Slippage from Kraken Futures: live order book, 4 min ago; BloFin: live order book, 4 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, 4 min ago | 14.53 bp | 21.3 bp −$21 | 61.5 bp −$615 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 2.47 bp | 8.5 bp −$8 | 24.2 bp −$242 | 101.3 bp −$10.1K | 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 | −0.2698% | 1h | 0.2029 | −0.075% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2031 | +0.023% | $143K | $272K | 50x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.0303% | 1h | 0.2031 | long leg | $1.0M | $2.0M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2028 | −0.147% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.011% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2030 | −0.040% | $188K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2027 | −0.174% | $2.8M | $12.0M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2028 | −0.124% | $10.5M | $17.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2031 | +0.032% | $277K | $544K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2028 | −0.124% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
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 | +0.0112% | 8h | 0.2031 | +0.023% | $16.6M | $11.7M | 75x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2029 | −0.053% | $30K | $204K | 10x | as long as short |
| BingX FET-USDT | +0.0128% | 8h | 0.2031 | +0.023% | — | $5.9M | — | as long as short |
| MEXC FET_USDT | +0.0129% | 8h | 0.2030 | −0.026% | $30.1M | $25.0M | 200x | as long as short |
| Binance FETUSDT | +0.0131% | 8h | 0.2029 | −0.075% | $31.1M | $111.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0301% | 1h | 0.2027 | −0.158% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0223% | 4h | 0.2030 | −0.026% | $1.0M | $8.0M | 20x | as long as short |
| BloFin FET-USDTshort | +0.0251% | 8h | 0.2031 | +0.023% | $1.7M | $3.3M | 100x | |
| Phoenix FET | +0.0594% | 1h | 0.2028 | −0.129% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0767% | 1h | 0.2032 | +0.073% | $8.5M | $8.5M | 5x | as long as short |
Bitget FETUSDT
Extended FET-USD
BingX FET-USDT
MEXC FET_USDT
Binance FETUSDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET