Funding you earn now, next payment 04:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h −0.060%
Price spread now: Extended against Kraken Futures−0.119%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.119%, 7d avg −0.089%
=Together, before fees−0.022%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.089%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.193%, 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 -0.193% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 per $10,000. 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 | 0.2017 | −0.0456 | get 0.0057% / 1h | 14m 44s | $995K | $2.2M | 50x |
| Short | Extended FET-USD | 0.2014 | 0.0104 | get 0.0013% / 1h | 14m 44s | $33K | $252K | 10x |
Kraken Futures PF_FETUSD
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $117.57
- Price spread: −0.119% → −0.089%
- −$3
- Slippage, 4 orders
- −$59.6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $39.96
- Costs to cover
- 0.746%
- Break-even
- 4.6 days
Slippage from Kraken Futures: live order book, 4 min ago; Extended: live order book, 42 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, 4 min ago | 8.69 bp | 19.0 bp −$19 | 74.3 bp −$743 | doesn't fit | doesn't fit |
| Sell Extended live order book, 42 min ago | 8.03 bp | 18.8 bp −$19 | 53.1 bp −$531 | 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 | −0.3703% | 1h | 0.2016 | −0.035% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2015 | −0.085% | $145K | $246K | 50x | as long as short |
| Kraken Futures PF_FETUSDlong | −0.0456% | 1h | 0.2017 | long leg | $995K | $2.2M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2014 | −0.111% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.333% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2014 | −0.149% | $200K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2015 | −0.092% | $30.8M | $113.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2014 | −0.135% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | −0.135% | $31.8M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2015 | −0.085% | $10.6M | $18.8M | 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
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2015 | −0.078% | $337K | $418K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | −0.135% | $38K | $7K | 10x | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.2014 | −0.119% | $33K | $252K | 10x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2013 | −0.163% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2011 | −0.283% | $1.7M | $3.1M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0221% | 4h | 0.2016 | −0.035% | $1.0M | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0228% | 1h | 0.2016 | −0.040% | $8.7M | $8.4M | 5x | as long as short |
| BingX FET-USDT | +0.0269% | 8h | 0.2015 | −0.085% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0275% | 8h | 0.2016 | −0.035% | $16.3M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2019 | +0.113% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
Phoenix FET