Funding you earn now, next payment 01:00 UTC−0.0860%/8h= −94.2% APRpaid last 24h −0.020%
Price spread now: Coinbase International against KuCoin+0.247%51s7-day average +0.308% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1651.648% of the position
Funding, last 7 days−0.226%−$23 on $10k
+Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.247%, 7d avg +0.308%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Coinbase International is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.308%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.226% in total (about -11.8% 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 | KuCoin FETUSDTM | 0.2027 | 0.0100 | pay 0.0100% / 8h | 6h 19m | $10.6M | $19.1M | 50x |
| Short | Coinbase International FET-PERP-INTX | 0.2032 | −0.0760 | pay 0.0095% / 1h | 19m 21s | $148K | $218K | 50x |
KuCoin FETUSDTM
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- −$180.6
- Price spread: +0.247% → +0.308%
- −$6.1
- Slippage, 4 orders
- −$142.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$351.47
- Costs to cover
- 1.648%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Coinbase International: live order book, 49 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 KuCoin live order book, 4 min ago | 2.46 bp | 30.7 bp −$31 | 94.8 bp −$948 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 49 min ago | 7.30 bp | 57.1 bp −$57 | doesn't fit | doesn't fit | 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 | −0.099% | $30K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0760% | 1h | 0.2032 | +0.247% | $148K | $218K | 50x | |
| Kraken Futures PF_FETUSD | −0.0740% | 1h | 0.2027 | +0.002% | $988K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2026 | −0.048% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.839% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2027 | +0.003% | $260K | $718K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2028 | +0.033% | $31.4M | $112.1M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2026 | −0.049% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2027 | 0.000% | $31.7M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2027 | long leg | $10.6M | $19.1M | 50x |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2030 | +0.154% | $335K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2026 | −0.049% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2025 | −0.077% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0164% | 4h | 0.2031 | +0.197% | $1.0M | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2024 | −0.160% | $14K | — | 100x | as long as short |
| Hyperliquid FET | +0.0281% | 1h | 0.2030 | +0.133% | $9.0M | $8.3M | 5x | as long as short |
| BingX FET-USDT | +0.0347% | 8h | 0.2027 | 0.000% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0367% | 8h | 0.2028 | +0.049% | $16.4M | $11.8M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2031 | +0.222% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
Phoenix FET