Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against BloFin−0.197%95s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as 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−$820.818% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.197%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.164% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FET-USDT | 0.2026 | 0.0220 | pay 0.0220% / 8h | 2h 03m | $1.7M | $3.2M | 100x |
| Short | KuCoin FETUSDTM | 0.2022 | 0.0100 | get 0.0100% / 8h | 2h 03m | $10.6M | $18.4M | 50x |
BloFin FET-USDT
KuCoin FETUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$25.2
- Price spread: −0.197% → −0.033%
- −$16.43
- Slippage, 4 orders
- −$57.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$123.42
- Costs to cover
- 0.818%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago | 4.96 bp | 15.9 bp −$16 | 24.2 bp −$242 | 92.5 bp −$9,246 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.48 bp | 26.2 bp −$26 | 74.1 bp −$741 | 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 | −0.1231% | 1h | 0.2022 | −0.197% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2023 | −0.148% | $152K | $265K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2021 | −0.248% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.790% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2021 | −0.251% | $192K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2022 | −0.197% | $30.8M | $115.0M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2021 | −0.247% | $2.7M | $12.9M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2022 | −0.197% | $30.2M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2022 | −0.197% | $10.6M | $18.4M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2025 | −0.042% | $287K | $491K | — | 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
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 | 0.2022 | −0.197% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2022 | −0.191% | $33K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0198% | 8h | 0.2023 | −0.148% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2020 | −0.285% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0205% | 8h | 0.2025 | −0.049% | $16.5M | $11.9M | 75x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2026 | long leg | $1.7M | $3.2M | 100x | |
| Kraken Futures PF_FETUSD | +0.0454% | 1h | 0.2025 | −0.061% | $1.0M | $2.2M | 50x | as long as short |
| OKX FET-USDT-SWAP | +0.0461% | 4h | 0.2025 | −0.049% | $1.0M | $8.3M | 20x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.2026 | −0.025% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0801% | 1h | 0.2024 | −0.089% | $8.6M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
Kraken Futures PF_FETUSD
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET