Funding you earn now, next payment 08:00 UTC−0.0836%/8h= −91.5% APRpaid last 24h −0.130%
Price spread now: Coinbase International against KuCoin0.000%7-day average +0.297% · you sell dearer than you buy
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1641.643% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now 0.000%, 7d avg +0.297%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Coinbase International is 0.297% cheaper against KuCoin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.297%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.257% in total (about -13.4% 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 | KuCoin FETUSDTM | 0.2096 | 0.0100 | pay 0.0100% / 8h | 7h 13m | $10.8M | $17.7M | 50x |
| Short | Coinbase International FET-PERP-INTX | 0.2096 | −0.0736 | pay 0.0092% / 1h | 13m 01s | $144K | $285K | 50x |
KuCoin FETUSDTM
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- −$175.56
- Price spread: 0.000% → +0.297%
- −$29.75
- Slippage, 4 orders
- −$142.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$369.6
- Costs to cover
- 1.643%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 20 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 KuCoin live order book, 6 min ago | 4.80 bp | 25.1 bp −$25 | 64.8 bp −$648 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 20 min ago | 7.38 bp | 54.7 bp −$55 | doesn't fit | 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 | −0.1178% | 1h | 0.2098 | +0.095% | $43K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0736% | 1h | 0.2096 | 0.000% | $144K | $285K | 50x | |
| Kraken Futures PF_FETUSD | −0.0293% | 1h | 0.2100 | +0.195% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2095 | −0.026% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +0.191% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2102 | +0.286% | $191K | $758K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2100 | +0.191% | $2.9M | $12.3M | 50x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2096 | long leg | $10.8M | $17.7M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2087 | −0.420% | $301K | $580K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2096 | 0.000% | $37K | $12K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0105% | 8h | 0.2103 | +0.334% | $17.2M | $11.6M | 75x | as long as short |
| Extended FET-USD | +0.0120% | 1h | 0.2102 | +0.263% | $32K | $204K | 10x | as long as short |
| MEXC FET_USDT | +0.0122% | 8h | 0.2100 | +0.191% | $30.1M | $25.5M | 200x | as long as short |
| Binance FETUSDT | +0.0123% | 8h | 0.2103 | +0.334% | $32.2M | $112.2M | 75x | as long as short |
| BingX FET-USDT | +0.0126% | 8h | 0.2102 | +0.286% | — | $5.9M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0141% | 4h | 0.2103 | +0.334% | $1.1M | $8.2M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0203% / S −0.0301% | 1h | 0.2095 | −0.047% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0243% | 8h | 0.2098 | +0.095% | $1.7M | $3.5M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2083 | −0.606% | $36K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0753% | 1h | 0.2104 | +0.391% | $9.0M | $8.5M | 5x | as long as short |
Bitget FETUSDT
Extended FET-USD
MEXC FET_USDT
Binance FETUSDT
BingX FET-USDT
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET