Funding you earn now, next payment 01:00 UTC+0.1562%/8h= +171.0% APRpaid last 24h −0.083%
Price spread now: Bitget against Kraken Futures−0.007%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$690.688% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.007%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Bitget is 0.032% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.4% 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 | Kraken Futures PF_FETUSD | 0.2062 | −0.1255 | get 0.0157% / 1h | 30m 21s | $1.0M | $2.2M | 50x |
| Short | Bitget FETUSDT | 0.2062 | 0.0307 | get 0.0307% / 8h | 7h 30m | $16.6M | $11.5M | 75x |
Kraken Futures PF_FETUSD
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- $327.98
- Price spread: −0.007% → −0.039%
- $3.17
- Slippage, 4 orders
- −$46.82
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $262.34
- Costs to cover
- 0.688%
- Break-even
- 1.4 days
Slippage from Kraken Futures: live order book, 3 min ago; Bitget: 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 Kraken Futures live order book, 3 min ago | 8.69 bp | 15.3 bp −$15 | 49.2 bp −$492 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.83 bp | 14.0 bp −$14 | 34.5 bp −$345 | 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 | −0.3135% | 1h | 0.2061 | −0.055% | $35K | $217K | 10x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.1255% | 1h | 0.2062 | long leg | $1.0M | $2.2M | 50x | |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2080 | +0.866% | $155K | $211K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2060 | −0.100% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.529% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2066 | +0.192% | $343K | $542K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2060 | −0.088% | $32.3M | $110.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2060 | −0.104% | $2.8M | $12.1M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2060 | −0.104% | $35.0M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2062 | −0.007% | $10.9M | $19.2M | 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 | 0.2075 | +0.632% | $365K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2059 | −0.152% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2060 | −0.095% | $34K | $248K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2060 | −0.128% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2078 | +0.769% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2062 | −0.007% | — | $5.7M | — | as long as short |
| Bitget FETUSDTshort | +0.0307% | 8h | 0.2062 | −0.007% | $16.6M | $11.5M | 75x | |
| OKX FET-USDT-SWAP | +0.0321% | 4h | 0.2063 | +0.042% | $1.1M | $8.1M | 20x | as long as short |
| Hyperliquid FET | +0.0449% | 1h | 0.2064 | +0.114% | $9.4M | $8.2M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2073 | +0.527% | $36K | $45K | 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
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET