Funding you earn now, next payment 04:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h 0.000%
Price spread now: KuCoin against OKX+0.147%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 7 days−0.147%−$15 · spread now +0.147%, 7d avg +0.053%
=The price spread pays, funding is against you. KuCoin is 0.094% dearer against OKX than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.053%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +0.088%, 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 0.088% in total (about 4.6% 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 | OKX FET-USDT-SWAP | 0.2047 | 0.0299 | pay 0.0149% / 4h | 3h 56m | $1.0M | $8.0M | 20x |
| Short | KuCoin FETUSDTM | 0.2050 | 0.0100 | get 0.0100% / 8h | 7h 56m | $10.8M | $19.2M | 50x |
OKX FET-USDT-SWAP
KuCoin FETUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$41.71
- Price spread: +0.147% → +0.053%
- $9.38
- Slippage, 4 orders
- −$60.98
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$115.32
- Costs to cover
- 0.830%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 3 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, 2 min ago | 2.44 bp | 14.8 bp −$15 | 61.6 bp −$616 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 2.44 bp | 23.9 bp −$24 | 65.8 bp −$658 | 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 | −0.2668% | 1h | 0.2050 | +0.147% | $29K | $202K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1261% | 1h | 0.2052 | +0.226% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2056 | +0.440% | $152K | $208K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2050 | +0.167% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.808% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2050 | +0.142% | $340K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2047 | −0.014% | $32.0M | $109.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2048 | +0.049% | $2.8M | $11.9M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2049 | +0.098% | $34.7M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2050 | +0.147% | $10.8M | $19.2M | 50x |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
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 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2056 | +0.451% | $361K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2049 | +0.098% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2049 | +0.110% | $33K | $189K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2051 | +0.188% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2056 | +0.440% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0291% | 8h | 0.2048 | +0.049% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAPlong | +0.0299% | 4h | 0.2047 | long leg | $1.0M | $8.0M | 20x | |
| Bitget FETUSDT | +0.0306% | 8h | 0.2052 | +0.244% | $16.6M | $11.6M | 75x | as long as short |
| Hyperliquid FET | +0.0319% | 1h | 0.2051 | +0.205% | $9.1M | $8.1M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2051 | +0.210% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET