Funding you earn now, next payment 11:00 UTC−0.1266%/8h= −138.6% APRpaid last 24h −0.037%
Price spread now: Kraken Futures against OKX+0.050%45s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.793% of the position
Funding, last 7 days+0.198%+$20 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.050%, 7d avg +0.044%
=The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$38 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.198%, so the current rate has only just turned against you. The two prices were read 45 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 7 days it paid 0.198% in total (about 10.3% 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 | OKX FET-USDT-SWAP | 0.2057 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $1.0M | $7.7M | 20x |
| Short | Kraken Futures PF_FETUSD | 0.2058 | −0.1166 | pay 0.0146% / 1h | 30m 31s | $1.0M | $2.0M | 50x |
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$265.78
- Price spread: +0.050% → +0.044%
- $0.58
- Slippage, 4 orders
- −$59.31
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$344.51
- Costs to cover
- 0.793%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; Kraken Futures: live order book, 1 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 OKX live order book, 6 min ago | 4.82 bp | 18.5 bp −$18 | 68.8 bp −$688 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 10.44 bp | 28.3 bp −$28 | 57.7 bp −$577 | 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 | −0.7947% | 1h | 0.2057 | 0.000% | $33K | $334K | 10x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.1166% | 1h | 0.2058 | +0.050% | $1.0M | $2.0M | 50x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2061 | +0.194% | $143K | $276K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2056 | −0.031% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +2.090% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2057 | −0.011% | $160K | $747K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2058 | +0.049% | $31.7M | $111.7M | 75x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0100% | 4h | 0.2057 | long leg | $1.0M | $7.7M | 20x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2056 | −0.049% | $2.9M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2058 | +0.049% | $28.7M | $25.7M | 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
Gate FET_USDT
MEXC FET_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2058 | +0.049% | $10.8M | $17.3M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2057 | 0.000% | $16.3M | $12.2M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2057 | 0.000% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2057 | +0.001% | $293K | $592K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2056 | −0.049% | $36K | $13K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2057 | +0.018% | $38K | $218K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0204% / S −0.0316% | 1h | 0.2056 | −0.048% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2055 | −0.097% | $1.8M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0418% | 1h | 0.2065 | +0.399% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.0768% | 1h | 0.2062 | +0.258% | $9.8M | $8.2M | 5x | as long as short |
KuCoin FETUSDTM
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