Funding you earn now, next payment 03:00 UTC−0.0164%/8h= −17.9% APRpaid last 24h +0.057%
Price spread now: Kraken Futures against OKX−0.326%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days+0.187%+$19 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.326%, 7d avg +0.050%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.376% cheaper against OKX than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.050%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.187%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FET-USDT-SWAP | 0.2051 | 0.0278 | pay 0.0139% / 4h | 1h 26m | $1.0M | $8.2M | 20x |
| Short | Kraken Futures PF_FETUSD | 0.2044 | 0.0114 | get 0.0014% / 1h | 26m 55s | $989K | $2.2M | 50x |
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$34.35
- Price spread: −0.326% → +0.050%
- −$37.58
- Slippage, 4 orders
- −$64.3
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$156.23
- Costs to cover
- 0.843%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago | 2.44 bp | 18.8 bp −$19 | 56.9 bp −$569 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 9.54 bp | 25.0 bp −$25 | 52.3 bp −$523 | 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 | −0.2680% | 1h | 0.2042 | −0.439% | $30K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2048 | −0.146% | $149K | $227K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2041 | −0.464% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.999% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2047 | −0.186% | $214K | $772K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2049 | −0.098% | $31.8M | $112.1M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2048 | −0.146% | $2.8M | $12.3M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2048 | −0.146% | $30.6M | $24.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2050 | −0.049% | $10.8M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2049 | −0.094% | $343K | $424K | — | as long as short |
Deribit FET_USDC-PERPETUAL
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 | 0.2040 | −0.536% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2049 | −0.076% | $35K | $249K | 10x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0114% | 1h | 0.2044 | −0.326% | $989K | $2.2M | 50x | |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2041 | −0.495% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2042 | −0.439% | $1.7M | $2.9M | 100x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0278% | 4h | 0.2051 | long leg | $1.0M | $8.2M | 20x | |
| BingX FET-USDT | +0.0394% | 8h | 0.2050 | −0.049% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0413% | 8h | 0.2051 | 0.000% | $16.6M | $11.8M | 75x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2052 | +0.044% | $36K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0719% | 1h | 0.2050 | −0.063% | $9.0M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET
Hyperliquid FET