Funding you earn now, next payment 06:00 UTC−0.1687%/8h= −184.7% APRnext payment −$2.11 per $10,000 · paid last 24h −0.695%
Price spread now: Deribit against Kraken Futures−0.166%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$620.620% of the position
Funding, last 6 days (all we have)−1.026%−$103 on $10k
+Price spread, last 4 days (all we have)+0.125%+$13 · spread now −0.166%, 7d avg −0.061%
=Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Deribit is 0.105% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FETUSD | 0.2023 | 0.0454 | pay 0.0057% / 1h | 7m 03s | $1.0M | $2.2M | 50x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2020 | −0.1233 | pay 0.0154% / 1h | 7m 03s | $41K | $312K | 10x |
Kraken Futures PF_FETUSD
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$354.27
- Price spread: −0.166% → −0.061%
- −$10.54
- Slippage, 4 orders
- −$45.01
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$426.82
- Costs to cover
- 0.620%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Deribit: live order book, 41 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, 1 min ago | 7.92 bp | 20.6 bp −$21 | 56.4 bp −$564 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 41 min ago | 5.03 bp | 8.5 bp −$9 | doesn't fit | 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-PERPETUALshort | −0.1233% | 1h | 0.2020 | −0.166% | $41K | $312K | 10x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2021 | −0.117% | $151K | $265K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2018 | −0.279% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.660% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2019 | −0.207% | $191K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2022 | −0.067% | $30.8M | $114.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2019 | −0.215% | $2.7M | $12.9M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2021 | −0.117% | $30.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2021 | −0.117% | $10.6M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2015 | −0.406% | $286K | $491K | — | as long as short |
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 | −0.215% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2021 | −0.116% | $33K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0198% | 8h | 0.2021 | −0.117% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0200% | 8h | 0.2023 | −0.018% | $16.4M | $11.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2017 | −0.298% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2019 | −0.215% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0449% | 4h | 0.2023 | −0.018% | $1.0M | $8.3M | 20x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0454% | 1h | 0.2023 | long leg | $1.0M | $2.2M | 50x | |
| Phoenix FET | +0.0649% | 1h | 0.2015 | −0.403% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0802% | 1h | 0.2023 | −0.033% | $8.6M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET