Funding you earn now, next payment 09:00 UTC+0.0391%/8h= +42.8% APRpaid last 24h +0.010%
Price spread now: Bitget against Kraken Futures−0.014%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$730.735% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.014%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% 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 | Kraken Futures PF_FETUSD | 0.2117 | −0.0291 | get 0.0036% / 1h | 0m 07s | $1.1M | $2.0M | 50x |
| Short | Bitget FETUSDT | 0.2117 | 0.0100 | get 0.0100% / 8h | 7h 00m | $17.4M | $11.5M | 75x |
Kraken Futures PF_FETUSD
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- $82.11
- Price spread: −0.014% → −0.032%
- $1.84
- Slippage, 4 orders
- −$51.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $10.48
- Costs to cover
- 0.735%
- Break-even
- 6.1 days
Slippage from Kraken Futures: live order book, 3 min ago; Bitget: 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 Kraken Futures live order book, 3 min ago | 8.08 bp | 17.7 bp −$18 | 64.3 bp −$643 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.38 bp | 13.5 bp −$14 | 30.2 bp −$302 | 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 | −0.2578% | 1h | 0.2116 | −0.061% | $44K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2116 | −0.061% | $145K | $282K | 50x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.0291% | 1h | 0.2117 | long leg | $1.1M | $2.0M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2113 | −0.184% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | −0.817% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2117 | +0.010% | $193K | $764K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2119 | +0.081% | $32.4M | $111.3M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2121 | +0.175% | $1.1M | $8.0M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2115 | −0.108% | $3.0M | $12.7M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2116 | −0.061% | $11.0M | $17.6M | 50x | 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
OKX FET-USDT-SWAP
Gate FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDTshort | +0.0100% | 8h | 0.2117 | −0.014% | $17.4M | $11.5M | 75x | |
| Variational Omni FET | +0.0100% | 8h | 0.2108 | −0.434% | $313K | $573K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2113 | −0.203% | $37K | $12K | 10x | as long as short |
| MEXC FET_USDT | +0.0101% | 8h | 0.2114 | −0.156% | $31.0M | $25.8M | 200x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2113 | −0.201% | $32K | $203K | 10x | as long as short |
| BingX FET-USDT | +0.0118% | 8h | 0.2115 | −0.108% | — | $5.6M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0203% / S −0.0301% | 1h | 0.2106 | −0.517% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0221% | 8h | 0.2108 | −0.439% | $1.8M | $3.5M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2102 | −0.703% | $36K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0778% | 1h | 0.2118 | +0.050% | $9.3M | $7.8M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
MEXC FET_USDT
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET