Funding you earn now, next payment 11:00 UTC−0.1388%/8h= −152.0% APRpaid last 24h −0.053%
Price spread now: Kraken Futures against BloFin+0.010%57s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as 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−$720.716% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.010%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$42 a day on $10k at the current rate. The two prices were read 57 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 -0.064% in total (about -3.3% 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 | BloFin FET-USDT | 0.2053 | 0.0220 | pay 0.0220% / 8h | 5h 02m | $1.8M | $3.3M | 100x |
| Short | Kraken Futures PF_FETUSD | 0.2053 | −0.1168 | pay 0.0146% / 1h | 2m 05s | $1.0M | $2.0M | 50x |
BloFin FET-USDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- −$291.56
- Price spread: +0.010% → +0.008%
- $0.21
- Slippage, 4 orders
- −$49.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$362.94
- Costs to cover
- 0.716%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 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 BloFin live order book, 4 min ago | 4.87 bp | 15.1 bp −$15 | 27.1 bp −$271 | 128.0 bp −$12.8K | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 7.77 bp | 17.1 bp −$17 | 47.4 bp −$474 | 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 | −0.7491% | 1h | 0.2051 | −0.097% | $33K | $321K | 10x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.1168% | 1h | 0.2053 | +0.010% | $1.0M | $2.0M | 50x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2073 | +0.974% | $144K | $276K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2050 | −0.143% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +2.289% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2051 | −0.087% | $159K | $748K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2050 | −0.153% | $31.5M | $110.7M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2049 | −0.195% | $942K | $7.7M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2049 | −0.195% | $2.9M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2048 | −0.244% | $28.8M | $26.1M | 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 | 0.2051 | −0.097% | $10.9M | $17.2M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2049 | −0.195% | $16.2M | $12.1M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2050 | −0.146% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2057 | +0.193% | $303K | $599K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2050 | −0.146% | $36K | $12K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2050 | −0.155% | $38K | $212K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0160% / S −0.0124% | 1h | 0.2049 | −0.216% | $9K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2053 | long leg | $1.8M | $3.3M | 100x | |
| Phoenix FET | +0.0418% | 1h | 0.2060 | +0.326% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.0869% | 1h | 0.2054 | +0.024% | $9.9M | $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]
Phoenix FET
Hyperliquid FET