Funding you earn now, next payment 06:00 UTC+0.0350%/8h= +38.3% APRnext payment +$0.44 per $10,000 · paid last 24h +0.037%
Price spread now: Kraken Futures against Extended+0.047%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$840.838% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.047%, 7d avg +0.088%
=Together, before fees+0.156%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.041% cheaper against Extended than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.088%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.178% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. 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 | Extended FET-USD | 0.2022 | 0.0104 | pay 0.0013% / 1h | 1m 45s | $33K | $202K | 10x |
| Short | Kraken Futures PF_FETUSD | 0.2023 | 0.0454 | get 0.0057% / 1h | 1m 45s | $1.0M | $2.2M | 50x |
Extended FET-USD
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $73.55
- Price spread: +0.047% → +0.088%
- −$4.11
- Slippage, 4 orders
- −$68.8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$14.36
- Costs to cover
- 0.838%
- Break-even
- 8.4 days
Slippage from Extended: live order book, 44 min ago; Kraken Futures: live order book, 2 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 Extended live order book, 44 min ago | 9.06 bp | 17.8 bp −$18 | 144.9 bp −$1,449 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 12.09 bp | 25.9 bp −$26 | 61.7 bp −$617 | 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 | −0.1726% | 1h | 0.2021 | −0.035% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2023 | +0.064% | $152K | $265K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2019 | −0.141% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.579% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2019 | −0.150% | $191K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2020 | −0.085% | $30.8M | $114.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2019 | −0.134% | $2.7M | $12.9M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2020 | −0.085% | $30.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | +0.014% | $10.5M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2025 | +0.170% | $287K | $491K | — | 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 FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2019 | −0.134% | $38K | $7K | 10x | as long as short |
| Extended FET-USDlong | +0.0104% | 1h | 0.2022 | long leg | $33K | $202K | 10x | |
| BingX FET-USDT | +0.0194% | 8h | 0.2020 | −0.085% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2018 | −0.179% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0205% | 8h | 0.2023 | +0.064% | $16.5M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2023 | +0.064% | $1.7M | $3.2M | 100x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0454% | 1h | 0.2023 | +0.047% | $1.0M | $2.2M | 50x | |
| OKX FET-USDT-SWAP | +0.0462% | 4h | 0.2021 | −0.035% | $1.0M | $8.3M | 20x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.2026 | +0.187% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0794% | 1h | 0.2022 | +0.019% | $8.6M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET