Funding you earn now, next payment 01:00 UTC+0.1289%/8h= +141.1% APRnext payment +$1.61 per $10,000 · paid last 24h −0.065%
Price spread now: Injective against Kraken Futures−2.467%7-day average −0.662% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)+1.619%+$162 · spread now −2.467%, 7d avg −0.662%
=Funding pays, the price is against you. Injective is 1.806% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −2.467% now, against its 7-day average of −0.662%). If the spread goes back, that is −$181 on $10k: about 4.7 days of funding at the current rate (+$39 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.61 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 | 0.2061 | −0.1256 | get 0.0157% / 1h | 12m 32s | $1.0M | $2.2M | 50x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 12m 32s | $3K | $166K | 12x |
Kraken Futures PF_FETUSD
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $270.68
- Price spread: −2.467% → −0.662%
- −$180.56
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $80.1
- Costs to cover
- 0.100%
- Break-even
- 4.9 days
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 1 min ago | 10.92 bp | 23.4 bp −$23 | 83.4 bp −$834 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.4104% | 1h | 0.2058 | −0.138% | $30K | $223K | 10x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.1256% | 1h | 0.2061 | long leg | $1.0M | $2.2M | 50x | |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2066 | +0.250% | $152K | $216K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2058 | −0.142% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | −2.467% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2059 | −0.100% | $341K | $545K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2056 | −0.215% | $32.1M | $110.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2057 | −0.187% | $2.8M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2056 | −0.235% | $34.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2058 | −0.138% | $10.9M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2061 | +0.016% | $362K | $400K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2057 | −0.187% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2057 | −0.183% | $34K | $244K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2058 | −0.133% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2057 | −0.187% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0261% | 4h | 0.2058 | −0.138% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0284% | 8h | 0.2058 | −0.138% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0295% | 8h | 0.2059 | −0.089% | $16.6M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0401% | 1h | 0.2059 | −0.070% | $9.2M | $8.3M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2056 | −0.240% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET