Funding you earn now, next payment 07:00 UTC−0.0549%/8h= −60.1% APRpaid last 24h −0.035%
Price spread now: KuCoin against Kraken Futures−0.094%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$870.866% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.094%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and KuCoin is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% 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 | 0.2002 | 0.0649 | pay 0.0081% / 1h | 52m 04s | $1.0M | $2.1M | 50x |
| Short | KuCoin FETUSDTM | 0.2000 | 0.0100 | get 0.0100% / 8h | 1h 52m | $10.4M | $18.4M | 50x |
Kraken Futures PF_FETUSD
KuCoin FETUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$115.34
- Price spread: −0.094% → −0.038%
- −$5.63
- Slippage, 4 orders
- −$64.65
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$207.61
- Costs to cover
- 0.866%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: live order book, 7 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, 1 min ago | 7.24 bp | 23.7 bp −$24 | 68.0 bp −$680 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 4.95 bp | 26.6 bp −$27 | 71.0 bp −$710 | 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 | −0.4232% | 1h | 0.1999 | −0.144% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2023 | +1.054% | $152K | $265K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1999 | −0.159% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.405% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1999 | −0.152% | $190K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1998 | −0.194% | $30.5M | $115.0M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1997 | −0.244% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1997 | −0.244% | $29.2M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2000 | −0.094% | $10.4M | $18.4M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2008 | +0.313% | $285K | $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 | 0.1998 | −0.194% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1999 | −0.122% | $33K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0194% | 8h | 0.1998 | −0.194% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1998 | −0.198% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0202% | 8h | 0.2000 | −0.094% | $16.3M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2004 | +0.105% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0455% | 4h | 0.1999 | −0.144% | $987K | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0504% | 1h | 0.2000 | −0.109% | $8.5M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2019 | +0.870% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSDlong | +0.0649% | 1h | 0.2002 | long leg | $1.0M | $2.1M | 50x |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET