Funding you earn now, next payment 07:00 UTC+0.0399%/8h= +43.7% APRpaid last 24h −0.001%
Price spread now: Kraken Futures against BloFin+0.044%57s7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as 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−$910.911% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.044%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.037% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour. The two prices were read 57 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 -0.076% in total (about -4.0% 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 | BloFin FET-USDT | 0.2012 | 0.0247 | pay 0.0247% / 8h | 1h 19m | $1.7M | $3.2M | 100x |
| Short | Kraken Futures PF_FETUSD | 0.2013 | 0.0646 | get 0.0081% / 1h | 19m 58s | $994K | $2.2M | 50x |
BloFin FET-USDT
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $83.76
- Price spread: +0.044% → +0.007%
- $3.68
- Slippage, 4 orders
- −$69.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$3.66
- Costs to cover
- 0.911%
- Break-even
- 7.3 days
Slippage from BloFin: live order book, 3 min ago; Kraken Futures: live order book, 4 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 BloFin live order book, 3 min ago | 4.98 bp | 19.9 bp −$20 | 31.6 bp −$316 | 139.4 bp −$13.9K | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 8.70 bp | 24.3 bp −$24 | 61.5 bp −$615 | 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 | −0.3219% | 1h | 0.2011 | −0.050% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2012 | 0.000% | $151K | $264K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2010 | −0.123% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.099% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2010 | −0.077% | $187K | $818K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2008 | −0.199% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2008 | −0.199% | $10.5M | $18.3M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2010 | −0.092% | $285K | $512K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2009 | −0.149% | $38K | $9K | 10x | as long as short |
| MEXC FET_USDT | +0.0126% | 8h | 0.2007 | −0.249% | $29.5M | $25.2M | 200x | 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
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FETUSDT | +0.0127% | 8h | 0.2010 | −0.123% | $30.7M | $114.8M | 75x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2008 | −0.186% | $37K | $206K | 10x | as long as short |
| BingX FET-USDT | +0.0191% | 8h | 0.2010 | −0.099% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0192% | 8h | 0.2011 | −0.050% | $16.3M | $11.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2008 | −0.185% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0247% | 8h | 0.2012 | long leg | $1.7M | $3.2M | 100x | |
| OKX FET-USDT-SWAP | +0.0425% | 4h | 0.2011 | −0.050% | $995K | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0623% | 1h | 0.2010 | −0.104% | $8.5M | $8.5M | 5x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2011 | −0.035% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0646% | 1h | 0.2013 | +0.044% | $994K | $2.2M | 50x |
Binance FETUSDT
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET