Funding you earn now, next payment 11:00 UTC−0.1254%/8h= −137.3% APRpaid last 24h −0.036%
Price spread now: Kraken Futures against Bitget+0.174%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$750.749% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.174%, 7d avg +0.029%
=The price spread pays, funding is against you. Kraken Futures is 0.145% dearer against Bitget than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of +0.029%): +$15 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.118%, 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 0.118% in total (about 6.1% 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 | Bitget FETUSDT | 0.2076 | 0.0100 | pay 0.0100% / 8h | 5h 51m | $16.6M | $12.2M | 75x |
| Short | Kraken Futures PF_FETUSD | 0.2080 | −0.1154 | pay 0.0144% / 1h | 51m 52s | $1.0M | $2.0M | 50x |
Bitget FETUSDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$263.24
- Price spread: +0.174% → +0.029%
- $14.52
- Slippage, 4 orders
- −$52.91
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$323.64
- Costs to cover
- 0.749%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Bitget live order book, 5 min ago | 2.40 bp | 13.0 bp −$13 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 10.06 bp | 27.7 bp −$28 | 55.4 bp −$554 | 752.9 bp −$75.3K | 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 | −0.6452% | 1h | 0.2075 | −0.048% | $34K | $334K | 10x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.1154% | 1h | 0.2080 | +0.174% | $1.0M | $2.0M | 50x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2073 | −0.145% | $147K | $269K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2080 | +0.207% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +1.156% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2075 | −0.028% | $161K | $747K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2076 | −0.014% | $32.1M | $111.0M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2075 | −0.048% | $1.1M | $7.7M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2074 | −0.096% | $2.9M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2075 | −0.048% | $29.6M | $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 FETUSDTM | +0.0100% | 8h | 0.2076 | 0.000% | $11.0M | $17.3M | 50x | as long as short |
| Bitget FETUSDTlong | +0.0100% | 8h | 0.2076 | long leg | $16.6M | $12.2M | 75x | |
| BingX FET-USDT | +0.0100% | 8h | 0.2076 | 0.000% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2086 | +0.480% | $314K | $562K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2075 | −0.048% | $37K | $13K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2076 | +0.010% | $39K | $220K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0302% | 1h | 0.2076 | +0.007% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2082 | +0.289% | $1.8M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0418% | 1h | 0.2082 | +0.308% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.0494% | 1h | 0.2080 | +0.183% | $9.3M | $7.7M | 5x | as long as short |
KuCoin FETUSDTM
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