Funding you earn now, next payment 04:00 UTC−0.0725%/8h= −79.4% APRpaid last 24h +0.042%
Price spread now: Kraken Futures against BingX+0.135%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.135%, 7d avg +0.064%
=The price spread pays, funding is against you. Kraken Futures is 0.071% dearer against BingX than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.064%): +$7 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.089%, 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 0.089% in total (about 4.7% 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 | BingX FET-USDT | 0.2014 | 0.0269 | pay 0.0269% / 8h | 4h 14m | — | $6.0M | — |
| Short | Kraken Futures PF_FETUSD | 0.2017 | −0.0456 | pay 0.0057% / 1h | 14m 59s | $995K | $2.2M | 50x |
BingX FET-USDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$152.22
- Price spread: +0.135% → +0.064%
- $7.06
- Slippage, 4 orders
- −$46.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$211.37
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 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 BingX live order book, 5 min ago | 4.96 bp | 12.9 bp −$13 | 16.8 bp −$168 | 50.0 bp −$5,001 | 402.9 bp −$201.4K |
| Sell Kraken Futures live order book, 4 min ago | 8.69 bp | 21.0 bp −$21 | 49.4 bp −$494 | 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 | −0.3703% | 1h | 0.2016 | +0.099% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2015 | +0.050% | $145K | $246K | 50x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.0456% | 1h | 0.2017 | +0.135% | $995K | $2.2M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2014 | +0.023% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.199% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2014 | +0.010% | $200K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2015 | +0.041% | $30.8M | $113.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2014 | 0.000% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | 0.000% | $31.8M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2015 | +0.050% | $10.6M | $18.8M | 50x | 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_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2015 | +0.057% | $337K | $418K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | 0.000% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2015 | +0.029% | $33K | $252K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2013 | −0.028% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2011 | −0.149% | $1.7M | $3.1M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0226% | 4h | 0.2017 | +0.149% | $1.0M | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0227% | 1h | 0.2016 | +0.099% | $8.8M | $8.4M | 5x | as long as short |
| BingX FET-USDTlong | +0.0269% | 8h | 0.2014 | long leg | — | $6.0M | — | |
| Bitget FETUSDT | +0.0278% | 8h | 0.2016 | +0.099% | $16.3M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2019 | +0.248% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Bitget FETUSDT
Phoenix FET