Funding you earn now, next payment 03:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.041%
Price spread now: Kraken Futures against Injective+0.779%63s7-day average +0.662% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.040%+$4 · spread now +0.779%, 7d avg +0.662%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.118% dearer against Injective than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.662%. The two prices were read 63 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 | Injective FET/USDC PERP | 0.2010 | 0.0033 | pay 0.0004% / 1h | 54m 04s | $3K | $166K | 12x |
| Short | Kraken Futures PF_FETUSD | 0.2026 | 0.0115 | get 0.0014% / 1h | 54m 04s | $984K | $2.2M | 50x |
Injective FET/USDC PERP
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $17.19
- Price spread: +0.779% → +0.662%
- $11.77
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $18.94
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 4 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 4 min ago | 9.86 bp | 20.3 bp −$20 | 50.2 bp −$502 | doesn't fit | doesn't fit |
Injective: 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 19 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 | −0.4671% | 1h | 0.2022 | +0.597% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2030 | +0.995% | $149K | $221K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2021 | +0.567% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERPlong | +0.0033% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2024 | +0.676% | $258K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2025 | +0.739% | $31.5M | $111.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2020 | +0.498% | $2.7M | $12.2M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2020 | +0.498% | $30.4M | $24.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | +0.597% | $10.6M | $18.9M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2042 | +1.600% | $335K | $420K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2022 | +0.597% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2024 | +0.711% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0115% | 1h | 0.2026 | +0.779% | $984K | $2.2M | 50x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2019 | +0.470% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0226% | 4h | 0.2025 | +0.746% | $1.0M | $8.0M | 20x | as long as short |
| BingX FET-USDT | +0.0370% | 8h | 0.2023 | +0.647% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0395% | 8h | 0.2025 | +0.746% | $16.4M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2033 | +1.144% | $35K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0564% | 1h | 0.2023 | +0.637% | $8.9M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET
Hyperliquid FET