Funding you earn now, next payment 21:00 UTC+0.0568%/8h= +62.2% APRnext payment +$0.71 per $10,000 · paid last 24h −0.146%
Price spread now: Extended against Kraken Futures−0.036%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days−0.274%−$27 on $10k
+Price spread, last 3 days (all we have)+0.353%+$35 · spread now −0.036%, 7d avg −0.087%
=Together, before fees+0.079%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Extended is 0.050% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.274%, 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 -0.274% in total (about -14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 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 | Kraken Futures PF_FETUSD | 0.2039 | −0.0464 | get 0.0058% / 1h | 32m 27s | $1.1M | $2.1M | 50x |
| Short | Extended FET-USD | 0.2038 | 0.0104 | get 0.0013% / 1h | 32m 27s | $32K | $144K | 10x |
Kraken Futures PF_FETUSD
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $119.31
- Price spread: −0.036% → −0.087%
- $5.02
- Slippage, 4 orders
- −$64.64
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $44.69
- Costs to cover
- 0.796%
- Break-even
- 4.4 days
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 13 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, 2 min ago | 13.23 bp | 21.5 bp −$22 | 57.0 bp −$570 | doesn't fit | doesn't fit |
| Sell Extended live order book, 13 min ago | 7.86 bp | 15.8 bp −$16 | 82.1 bp −$821 | 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 | −0.2199% | 1h | 0.2037 | −0.096% | $16K | $219K | 10x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.0464% | 1h | 0.2039 | long leg | $1.1M | $2.1M | 50x | |
| Coinbase International FET-PERP-INTX | −0.0168% | 1h | 0.2038 | −0.047% | $169K | $184K | 50x | as long as short |
| Gate FET_USDT | −0.0135% | 8h | 0.2035 | −0.194% | $2.9M | $11.7M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2037 | −0.108% | $32K | — | 150x | as long as short |
| Orderly PERP_FET_USDC | +0.0081% | 8h | 0.2036 | −0.145% | $38K | $4K | 10x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2039 | +0.022% | $350K | $526K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2037 | −0.093% | $31.8M | $107.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2041 | +0.100% | $872K | $7.6M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2036 | −0.145% | $39.4M | $24.7M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Orderly PERP_FET_USDC
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2037 | −0.096% | $10.6M | $18.5M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2040 | +0.051% | $16.7M | $11.4M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2039 | +0.002% | — | $5.5M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2036 | −0.168% | $282K | $307K | — | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.2038 | −0.036% | $32K | $144K | 10x | |
| Hyperliquid FET | +0.0199% | 1h | 0.2039 | +0.026% | $9.2M | $7.1M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2037 | −0.115% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2039 | +0.002% | $1.7M | $2.6M | 100x | as long as short |
| Phoenix FET | +0.0395% | 1h | 0.2040 | +0.056% | $27K | $54K | 5x | as long as short |
| Injective FET/USDC PERP | +0.0726% | 1h | 0.2030 | −0.440% | $3K | $118K | 12x | as long as short |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Injective FET/USDC PERP