Funding you earn now, next payment 23:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.124%
Price spread now: OKX against Kraken Futures−0.075%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$790.794% of the position
Funding, last 7 days−0.242%−$24 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.075%, 7d avg −0.052%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FETUSD | 0.2014 | 0.0360 | pay 0.0045% / 1h | 28m 01s | $1.0M | $2.2M | 50x |
| Short | OKX FET-USDT-SWAP | 0.2012 | 0.0156 | get 0.0078% / 4h | 1h 28m | $855K | $7.5M | 20x |
Kraken Futures PF_FETUSD
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$42.83
- Price spread: −0.075% → −0.052%
- −$2.34
- Slippage, 4 orders
- −$59.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$124.54
- Costs to cover
- 0.794%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; OKX: 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, 1 min ago | 6.20 bp | 20.9 bp −$21 | 57.4 bp −$574 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.48 bp | 21.5 bp −$22 | 66.9 bp −$669 | 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 | −0.3215% | 1h | 0.2013 | −0.025% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2016 | +0.124% | $151K | $200K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2015 | +0.056% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0060% | 8h | 0.2011 | −0.125% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2014 | +0.024% | $342K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2010 | −0.157% | $31.4M | $107.5M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2011 | −0.125% | $34.5M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2012 | −0.075% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2010 | −0.162% | $274K | $317K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2012 | −0.075% | $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 | 0.2014 | +0.005% | $34K | $190K | 10x | as long as short |
| Hyperliquid FET | +0.0139% | 1h | 0.2013 | −0.025% | $8.9M | $7.9M | 5x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0156% | 4h | 0.2012 | −0.075% | $855K | $7.5M | 20x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2013 | −0.040% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2012 | −0.075% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0299% | 8h | 0.2013 | −0.025% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0323% | 8h | 0.2012 | −0.075% | $16.2M | $11.5M | 75x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0360% | 1h | 0.2014 | long leg | $1.0M | $2.2M | 50x | |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.174% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2014 | +0.034% | $27K | $36K | 5x | as long as short |
Extended FET-USD
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Injective FET/USDC PERP
Phoenix FET