Funding you earn now, next payment 06:00 UTC−0.0362%/8h= −39.7% APRpaid last 24h −0.051%
Price spread now: Orderly against Kraken Futures−0.193%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Orderly is 0.193% cheaper against Kraken Futures than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FETUSD | 0.1988 | 0.0462 | pay 0.0058% / 1h | 55m 21s | $970K | $2.2M | 50x |
| Short | Orderly PERP_FET_USDC | 0.1984 | 0.0100 | get 0.0100% / 8h | 2h 55m | $37K | $7K | 10x |
Kraken Futures PF_FETUSD
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$76.06
- Price spread: −0.193% → 0.000%
- −$19.34
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$111.4
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Orderly: 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, 3 min ago | 6.84 bp | 27.0 bp −$27 | 69.0 bp −$690 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.3764% | 1h | 0.1985 | −0.143% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1984 | −0.193% | $148K | $257K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1983 | −0.269% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.115% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1984 | −0.196% | $190K | $809K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1987 | −0.061% | $30.2M | $114.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1982 | −0.294% | $2.6M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1983 | −0.244% | $29.7M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1983 | −0.244% | $10.3M | $18.6M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1987 | −0.035% | $272K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.1984 | −0.193% | $37K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.1984 | −0.212% | $33K | $201K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1982 | −0.285% | $13K | — | 100x | as long as short |
| BingX FET-USDT | +0.0205% | 8h | 0.1983 | −0.244% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0214% | 8h | 0.1986 | −0.093% | $16.0M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1986 | −0.093% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0378% | 4h | 0.1986 | −0.093% | $984K | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.1987 | −0.053% | $35K | $37K | 5x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0462% | 1h | 0.1988 | long leg | $970K | $2.2M | 50x | |
| Hyperliquid FET | +0.0935% | 1h | 0.1985 | −0.123% | $8.5M | $8.4M | 5x | as long as short |
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET