Funding you earn now, next payment 07:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h +0.035%
Price spread now: Kraken Futures against MEXC+0.081%51s7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as 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 | MEXC FET_USDT | 0.1998 | 0.0102 | pay 0.0102% / 8h | 1h 41m | $29.2M | $25.2M | 200x |
| Short | Kraken Futures PF_FETUSD | 0.2000 | 0.0650 | get 0.0081% / 1h | 41m 24s | $1.0M | $2.1M | 50x |
MEXC FET_USDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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 MEXC: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $60.3
- Costs to cover
- 0.533%
- Break-even
- 3.3 days
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: 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 MEXC live order book, 2 min ago | 2.50 bp | 2.5 bp −$2 | 7.4 bp −$74 | 65.5 bp −$6,549 | 205.2 bp −$102.6K |
| Sell Kraken Futures live order book, 2 min ago | 9.99 bp | 18.9 bp −$19 | 59.4 bp −$594 | 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 | −0.4733% | 1h | 0.1997 | −0.050% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2005 | +0.350% | $150K | $263K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1998 | −0.020% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.601% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1998 | +0.016% | $190K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1996 | −0.100% | $2.6M | $12.8M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1998 | 0.000% | $10.4M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1998 | +0.008% | $284K | $491K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1996 | −0.100% | $37K | $7K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1998 | 0.000% | $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_USDTlong | +0.0102% | 8h | 0.1998 | long leg | $29.2M | $25.2M | 200x | |
| Extended FET-USD | +0.0104% | 1h | 0.1998 | +0.006% | $33K | $201K | 10x | as long as short |
| Bitget FETUSDT | +0.0191% | 8h | 0.2000 | +0.100% | $16.2M | $11.9M | 75x | as long as short |
| BingX FET-USDT | +0.0197% | 8h | 0.1998 | 0.000% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1995 | −0.134% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0223% | 8h | 0.2000 | +0.100% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0433% | 4h | 0.1999 | +0.050% | $986K | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0607% | 1h | 0.1999 | +0.050% | $8.4M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2000 | +0.080% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0650% | 1h | 0.2000 | +0.081% | $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