FET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.010%

Price spread now: Injective against Kraken Futures−0.110%7-day average −0.643% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.710%−$71 · spread now −0.110%, 7d avg −0.643%

Together, before fees−0.688%−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.533% dearer against Kraken Futures than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of −0.643%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_FETUSD	0.2012	−0.0011	get 0.0001% / 1h	36m 35s	$993K	$2.1M	50x
Short	Injective FET/USDC PERP	0.2010	0.0033	get 0.0004% / 1h	36m 35s	$3K	$166K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −0.110%Rate

Funding earned: $9.4
Price spread: −0.110% → −0.643%: $53.34
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $52.72
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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	12.42 bp	18.8 bp −$19	66.0 bp −$660	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3712%	1h	0.2011	−0.060%	$41K	$313K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0792%	1h	0.2023	+0.537%	$152K	$263K	50x	as long as short
Kraken Futures PF_FETUSDlong	−0.0011%	1h	0.2012	long leg	$993K	$2.1M	50x
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.2009	−0.136%	$20K	—	150x	as long as short
Injective FET/USDC PERPshort	+0.0033%	1h	0.2010	−0.110%	$3K	$166K	12x
Aster FETUSDT	+0.0100%	8h	0.2008	−0.222%	$187K	$751K	10x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2007	−0.259%	$2.6M	$12.7M	50x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2008	−0.209%	$10.5M	$18.0M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2022	+0.492%	$286K	$515K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2010	−0.110%	$36K	$11K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance FETUSDT	+0.0127%	8h	0.2007	−0.263%	$30.7M	$112.5M	75x	as long as short
Extended FET-USD	+0.0128%	1h	0.2007	−0.239%	$37K	$203K	10x	as long as short
MEXC FET_USDT	+0.0129%	8h	0.2007	−0.259%	$29.6M	$25.0M	200x	as long as short
Bitget FETUSDT	+0.0154%	8h	0.2008	−0.209%	$16.3M	$11.6M	75x	as long as short
BingX FET-USDT	+0.0160%	8h	0.2009	−0.159%	—	$5.9M	—	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.2009	−0.139%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0249%	8h	0.2010	−0.110%	$1.7M	$3.2M	100x	as long as short
OKX FET-USDT-SWAP	+0.0302%	4h	0.2008	−0.209%	$1.0M	$8.0M	20x	as long as short
Phoenix FET	+0.0597%	1h	0.2013	+0.035%	$35K	$37K	5x	as long as short
Hyperliquid FET	+0.0640%	1h	0.2012	+0.005%	$8.5M	$8.4M	5x	as long as short