Funding you earn now, next payment 08:00 UTC−0.4323%/8h= −473.4% APRpaid last 24h −0.724%
Price spread now: Deribit against KuCoin−0.100%53s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.736% of the position
Funding, last 6 days (all we have)−0.916%−$92 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.100%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$130 a day on $10k at the current rate, and Deribit is 0.077% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.023%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.916% in total (about -55.9% 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 | 0.2005 | 0.0100 | pay 0.0100% / 8h | 23m 25s | $10.4M | $17.9M | 50x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2003 | −0.4223 | pay 0.0528% / 1h | 23m 25s | $41K | $313K | 10x |
KuCoin FETUSDTM
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$907.86
- Price spread: −0.100% → −0.023%
- −$7.67
- Slippage, 4 orders
- −$54.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$989.17
- Costs to cover
- 0.736%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Deribit: live order book, 15 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, 5 min ago | 2.49 bp | 21.6 bp −$22 | 71.7 bp −$717 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 15 min ago | 9.95 bp | 13.4 bp −$13 | 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-PERPETUALshort | −0.4223% | 1h | 0.2003 | −0.100% | $41K | $313K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0792% | 1h | 0.2011 | +0.299% | $151K | $261K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0011% | 1h | 0.2005 | −0.007% | $989K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2004 | −0.050% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.249% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2003 | −0.079% | $186K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2003 | −0.100% | $2.7M | $12.8M | 50x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2005 | long leg | $10.4M | $17.9M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2002 | −0.143% | $274K | $524K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2004 | −0.050% | $36K | $11K | 10x | as long as short |
Coinbase International FET-PERP-INTX
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0120% | 1h | 0.2002 | −0.158% | $37K | $201K | 10x | as long as short |
| Binance FETUSDT | +0.0121% | 8h | 0.2006 | +0.049% | $30.6M | $111.9M | 75x | as long as short |
| MEXC FET_USDT | +0.0122% | 8h | 0.2005 | 0.000% | $29.6M | $25.1M | 200x | as long as short |
| Bitget FETUSDT | +0.0139% | 8h | 0.2004 | −0.050% | $16.4M | $11.6M | 75x | as long as short |
| BingX FET-USDT | +0.0143% | 8h | 0.2005 | 0.000% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2002 | −0.174% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0244% | 8h | 0.2004 | −0.050% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0280% | 4h | 0.2007 | +0.100% | $1.0M | $8.0M | 20x | as long as short |
| Phoenix FET | +0.0597% | 1h | 0.2012 | +0.349% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0607% | 1h | 0.2005 | +0.020% | $8.4M | $8.4M | 5x | as long as short |
Extended FET-USD
Binance FETUSDT
MEXC FET_USDT
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET