Funding you earn now, next payment 12:00 UTC−0.0341%/8h= −37.3% APRpaid last 24h −0.056%
Price spread now: Kraken Futures against KuCoin+0.139%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$810.814% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.139%, 7d avg +0.035%
=The price spread pays, funding is against you. Kraken Futures is 0.104% dearer against KuCoin than usual: you sell high and buy low (spread +0.139% now, against its 7-day average of +0.035%): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 7 days funding on this pair paid +0.129%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FETUSDTM | 0.2050 | 0.0100 | pay 0.0100% / 8h | 4h 47m | $11.0M | $17.1M | 50x |
| Short | Kraken Futures PF_FETUSD | 0.2053 | −0.0241 | pay 0.0030% / 1h | 47m 47s | $1.0M | $2.0M | 50x |
KuCoin FETUSDTM
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$71.55
- Price spread: +0.139% → +0.035%
- $10.39
- Slippage, 4 orders
- −$59.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$142.55
- Costs to cover
- 0.814%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago | 2.45 bp | 21.1 bp −$21 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 11.76 bp | 18.9 bp −$19 | 75.4 bp −$754 | doesn't fit | doesn't fit |
FET on 20 exchanges
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 | −0.4604% | 1h | 0.2050 | 0.000% | $33K | $311K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1968% | 1h | 0.2048 | −0.098% | $144K | $275K | 50x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.0241% | 1h | 0.2053 | +0.139% | $1.0M | $2.0M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2048 | −0.082% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +2.439% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2050 | 0.000% | $159K | $756K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2051 | +0.049% | $31.4M | $109.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2049 | −0.049% | $937K | $7.6M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2050 | 0.000% | $2.9M | $12.0M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2050 | 0.000% | $28.4M | $25.3M | 200x | 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
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2050 | long leg | $11.0M | $17.1M | 50x | |
| Bitget FETUSDT | +0.0100% | 8h | 0.2050 | 0.000% | $16.2M | $11.8M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2050 | 0.000% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2038 | −0.587% | $281K | $605K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2049 | −0.049% | $36K | $12K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2049 | −0.045% | $38K | $212K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0191% / S −0.0221% | 1h | 0.2048 | −0.119% | $11K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2038 | −0.585% | $1.8M | $3.1M | 100x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2041 | −0.439% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0774% | 1h | 0.2053 | +0.170% | $9.8M | $8.0M | 5x | as long as short |
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET