Funding you earn now, next payment 07:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h −0.035%
Price spread now: MEXC against Kraken Futures−0.081%51s7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.533% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.081%, 7d avg −0.095%
=The price spread sits at its 7-day average of −0.095%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.171% in total (about -8.9% 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 | 0.2000 | 0.0650 | pay 0.0081% / 1h | 41m 25s | $1.0M | $2.1M | 50x |
| Short | MEXC FET_USDT | 0.1998 | 0.0102 | get 0.0102% / 8h | 1h 41m | $29.2M | $25.2M | 200x |
Kraken Futures PF_FETUSD
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$115.07
- Price spread: −0.081% → −0.095%
- $1.44
- Slippage, 4 orders
- −$43.33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$166.96
- Costs to cover
- 0.533%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; MEXC: 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 Kraken Futures live order book, 2 min ago | 9.99 bp | 24.6 bp −$25 | 68.7 bp −$687 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.50 bp | 7.4 bp −$7 | 10.6 bp −$106 | 51.4 bp −$5,137 | 183.4 bp −$91.7K |
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 | −0.4733% | 1h | 0.1997 | −0.131% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2005 | +0.269% | $150K | $263K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1998 | −0.101% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.519% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1998 | −0.064% | $190K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1996 | −0.181% | $2.6M | $12.8M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1998 | −0.081% | $10.4M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1998 | −0.073% | $284K | $491K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1996 | −0.181% | $37K | $7K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1998 | −0.081% | $30.4M | $115.0M | 75x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Binance FETUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDTshort | +0.0102% | 8h | 0.1998 | −0.081% | $29.2M | $25.2M | 200x | |
| Extended FET-USD | +0.0104% | 1h | 0.1998 | −0.075% | $33K | $201K | 10x | as long as short |
| Bitget FETUSDT | +0.0191% | 8h | 0.2000 | +0.019% | $16.2M | $11.9M | 75x | as long as short |
| BingX FET-USDT | +0.0197% | 8h | 0.1998 | −0.081% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1995 | −0.214% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0223% | 8h | 0.2000 | +0.019% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0433% | 4h | 0.1999 | −0.031% | $986K | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0607% | 1h | 0.1999 | −0.031% | $8.4M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2000 | −0.001% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0650% | 1h | 0.2000 | long leg | $1.0M | $2.1M | 50x |
Extended FET-USD
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET