Funding you earn now, next payment 23:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.127%
Price spread now: Kraken Futures against Orderly+0.223%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.223% dearer against Orderly than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_FET_USDC | 0.2012 | 0.0100 | pay 0.0100% / 8h | 1h 45m | $37K | $5K | 10x |
| Short | Kraken Futures PF_FETUSD | 0.2016 | 0.0359 | get 0.0045% / 1h | 45m 29s | $1.0M | $2.2M | 50x |
Orderly PERP_FET_USDC
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $54.45
- Price spread: +0.223% → 0.000%
- $22.29
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $60.74
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 3 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 3 min ago | 12.70 bp | 21.7 bp −$22 | 56.1 bp −$561 | doesn't fit | doesn't fit |
Orderly: 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 | −0.4201% | 1h | 0.2013 | +0.050% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2016 | +0.199% | $158K | $190K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2012 | −0.016% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0044% | 8h | 0.2014 | +0.099% | $2.7M | $11.8M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2018 | +0.290% | $8.9M | $7.8M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | +0.149% | $341K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2018 | +0.276% | $31.5M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2016 | +0.199% | $34.7M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2016 | +0.199% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2006 | −0.282% | $273K | $316K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
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_USDClong | +0.0100% | 8h | 0.2012 | long leg | $37K | $5K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2017 | +0.228% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0155% | 4h | 0.2020 | +0.398% | $857K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2012 | −0.006% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2009 | −0.149% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0272% | 8h | 0.2017 | +0.249% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0301% | 8h | 0.2017 | +0.249% | $16.4M | $11.3M | 75x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0359% | 1h | 0.2016 | +0.223% | $1.0M | $2.2M | 50x | |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.099% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2007 | −0.234% | $27K | $36K | 5x | as long as short |
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Injective FET/USDC PERP
Phoenix FET