Funding you earn now, next payment 03:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h −0.091%
Price spread now: Gate against Kraken Futures+0.498%7-day average −0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$860.855% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 3 days (all we have)−0.552%−$55 · spread now +0.498%, 7d avg −0.119%
=The price spread pays, funding is against you. Gate is 0.617% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.498% now, against its 7-day average of −0.119%): +$62 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.230% in total) that is about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_FETUSD | 0.2028 | 0.0115 | pay 0.0014% / 1h | 56m 39s | $985K | $2.2M | 50x |
| Short | Gate FET_USDT | 0.2038 | 0.0100 | get 0.0100% / 8h | 5h 56m | $2.7M | $12.2M | 50x |
Kraken Futures PF_FETUSD
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$3.17
- Price spread: +0.498% → −0.119%
- $61.69
- Slippage, 4 orders
- −$60.54
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$27.01
- Costs to cover
- 0.855%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago | 9.86 bp | 30.2 bp −$30 | 76.9 bp −$769 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.47 bp | 17.5 bp −$17 | 50.0 bp −$500 | 85.9 bp −$8,586 | doesn't fit |
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 | −0.4664% | 1h | 0.2025 | −0.143% | $30K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2033 | +0.252% | $147K | $219K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2025 | −0.165% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.882% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2030 | +0.111% | $259K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2040 | +0.599% | $31.7M | $111.5M | 75x | as long as short |
| Gate FET_USDTshort | +0.0100% | 8h | 0.2038 | +0.498% | $2.7M | $12.2M | 50x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2040 | +0.597% | $31.0M | $24.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2039 | +0.548% | $10.6M | $18.9M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2033 | +0.259% | $336K | $420K | — | 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
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 | 0.2023 | −0.241% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2041 | +0.646% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0115% | 1h | 0.2028 | long leg | $985K | $2.2M | 50x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2023 | −0.220% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0235% | 4h | 0.2042 | +0.696% | $1.0M | $8.1M | 20x | as long as short |
| BingX FET-USDT | +0.0370% | 8h | 0.2041 | +0.646% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0393% | 8h | 0.2043 | +0.745% | $16.5M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2033 | +0.252% | $35K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0707% | 1h | 0.2038 | +0.489% | $9.0M | $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