Funding you earn now, next payment 23:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h +0.115%
Price spread now: Kraken Futures against Coinbase International−0.131%7-day average −0.271% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$800.798% of the position
Funding, last 7 days+0.386%+$39 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.131%, 7d avg −0.271%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.141% dearer against Coinbase International than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.271%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FET-PERP-INTX | 0.2055 | −0.0728 | get 0.0091% / 1h | 45m 10s | $154K | $206K | 50x |
| Short | Kraken Futures PF_FETUSD | 0.2052 | −0.0475 | pay 0.0059% / 1h | 45m 10s | $1.0M | $2.2M | 50x |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- $53.1
- Price spread: −0.131% → −0.271%
- $14.07
- Slippage, 4 orders
- −$59.75
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$12.59
- Costs to cover
- 0.798%
- Break-even
- 8.7 days
Slippage from Coinbase International: live order book, 33 min ago; Kraken Futures: 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 Coinbase International live order book, 33 min ago | 7.45 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 8.01 bp | 20.7 bp −$21 | 65.0 bp −$650 | 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 | −0.3151% | 1h | 0.2051 | −0.195% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0728% | 1h | 0.2055 | long leg | $154K | $206K | 50x | |
| Kraken Futures PF_FETUSDshort | −0.0475% | 1h | 0.2052 | −0.131% | $1.0M | $2.2M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2050 | −0.260% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.190% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0071% | 8h | 0.2050 | −0.243% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2053 | −0.117% | $343K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2051 | −0.190% | $32.1M | $108.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2050 | −0.243% | $34.6M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2052 | −0.146% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
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 | 0.2056 | +0.060% | $301K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2049 | −0.292% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2050 | −0.243% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2049 | −0.274% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2051 | −0.195% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0322% | 8h | 0.2052 | −0.146% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0336% | 8h | 0.2052 | −0.146% | $16.6M | $11.4M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0337% | 4h | 0.2053 | −0.097% | $992K | $7.9M | 20x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2056 | +0.024% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0904% | 1h | 0.2054 | −0.058% | $9.1M | $7.9M | 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
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET