Funding you earn now, next payment 07:00 UTC−0.0548%/8h= −60.0% APRnext payment −$0.68 per $10,000 · paid last 24h −0.034%
Price spread now: Extended against Kraken Futures−0.116%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.116%, 7d avg −0.090%
=Together, before fees−0.109%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Extended is 0.026% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.090%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.68 per $10,000. 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 | 0.1994 | 0.0652 | pay 0.0081% / 1h | 35m 56s | $1.0M | $2.1M | 50x |
| Short | Extended FET-USD | 0.1992 | 0.0104 | get 0.0013% / 1h | 35m 56s | $33K | $201K | 10x |
Kraken Futures PF_FETUSD
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$115.03
- Price spread: −0.116% → −0.090%
- −$2.65
- Slippage, 4 orders
- −$68.15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$200.82
- Costs to cover
- 0.831%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Extended: live order book, 5 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 | 8.51 bp | 25.6 bp −$26 | 64.5 bp −$645 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 7.51 bp | 16.2 bp −$16 | 54.2 bp −$542 | 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 | −0.5245% | 1h | 0.1991 | −0.156% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.1997 | +0.144% | $150K | $260K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1989 | −0.281% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.796% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1992 | −0.086% | $189K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1990 | −0.207% | $2.6M | $12.8M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1992 | −0.106% | $10.4M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1991 | −0.149% | $283K | $491K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1989 | −0.257% | $37K | $7K | 10x | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.1992 | −0.116% | $33K | $201K | 10x |
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0104% | 8h | 0.1991 | −0.156% | $29.1M | $25.2M | 200x | as long as short |
| Binance FETUSDT | +0.0104% | 8h | 0.1992 | −0.083% | $30.3M | $115.0M | 75x | as long as short |
| Bitget FETUSDT | +0.0190% | 8h | 0.1991 | −0.156% | $16.2M | $11.9M | 75x | as long as short |
| BingX FET-USDT | +0.0190% | 8h | 0.1992 | −0.106% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1989 | −0.277% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0224% | 8h | 0.1994 | −0.006% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0428% | 4h | 0.1993 | −0.056% | $982K | $8.1M | 20x | as long as short |
| Hyperliquid FET | +0.0590% | 1h | 0.1992 | −0.101% | $8.4M | $8.5M | 5x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.1998 | +0.200% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0652% | 1h | 0.1994 | long leg | $1.0M | $2.1M | 50x |
MEXC FET_USDT
Binance FETUSDT
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET