Funding you earn now, next payment 02:00 UTC+0.0843%/8h= +92.3% APRpaid last 24h −0.080%
Price spread now: KuCoin against Kraken Futures−0.061%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$960.965% of the position
Funding, last 7 days−0.125%−$12 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.061%, 7d avg −0.039%
=Funding pays, the price is against you. KuCoin is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.039%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −0.125%, 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 -0.125% in total (about -6.5% 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 | 0.2019 | −0.0743 | get 0.0093% / 1h | 46m 40s | $981K | $2.2M | 50x |
| Short | KuCoin FETUSDTM | 0.2018 | 0.0100 | get 0.0100% / 8h | 6h 46m | $10.6M | $19.2M | 50x |
Kraken Futures PF_FETUSD
KuCoin FETUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $176.95
- Price spread: −0.061% → −0.039%
- −$2.18
- Slippage, 4 orders
- −$74.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $78.26
- Costs to cover
- 0.965%
- Break-even
- 3.9 days
Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago | 14.11 bp | 24.5 bp −$24 | 83.5 bp −$835 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 2.48 bp | 19.7 bp −$20 | 89.9 bp −$899 | 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 | −0.5177% | 1h | 0.2016 | −0.160% | $29K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2028 | +0.434% | $148K | $215K | 50x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.0743% | 1h | 0.2019 | long leg | $981K | $2.2M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2019 | −0.027% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.457% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0050% | 8h | 0.2016 | −0.160% | $2.7M | $12.2M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2019 | −0.007% | $9.0M | $8.3M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | −0.204% | $307K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2017 | −0.111% | $31.3M | $112.1M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2016 | −0.160% | $31.3M | $24.8M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2018 | −0.061% | $10.6M | $19.2M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2023 | +0.196% | $354K | $401K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2016 | −0.160% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | −0.184% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0152% | 4h | 0.2016 | −0.160% | $997K | $8.0M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2016 | −0.158% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | +0.038% | $1.7M | $2.8M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2016 | −0.160% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0311% | 8h | 0.2019 | −0.012% | $16.2M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2026 | +0.335% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET