Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.019%
Price spread now: Injective against KuCoin−1.325%70s7-day average −0.607% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)+0.566%+$57 · spread now −1.325%, 7d avg −0.607%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.719% cheaper against KuCoin than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of −0.607%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.199%, so the current rate has only just turned against you. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FETUSDTM | 0.2037 | 0.0100 | pay 0.0100% / 8h | 7h 41m | $10.5M | $17.7M | 50x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 41m 56s | $3K | $166K | 12x |
KuCoin FETUSDTM
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −1.325% → −0.607%
- −$71.86
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$97.88
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 7 min ago; Injective: no order-book sample. Net counts fees only.
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, 7 min ago | 2.46 bp | 23.9 bp −$24 | 87.8 bp −$878 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2688% | 1h | 0.2036 | −0.049% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2040 | +0.147% | $144K | $272K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0302% | 1h | 0.2038 | +0.047% | $1.0M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2035 | −0.097% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | −1.325% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2035 | −0.080% | $189K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2036 | −0.049% | $2.8M | $12.1M | 50x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2037 | long leg | $10.5M | $17.7M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2039 | +0.106% | $289K | $555K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2036 | −0.049% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Gate FET_USDT
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0117% | 8h | 0.2038 | +0.049% | $16.7M | $11.7M | 75x | as long as short |
| BingX FET-USDT | +0.0135% | 8h | 0.2036 | −0.049% | — | $5.9M | — | as long as short |
| Extended FET-USD | +0.0136% | 1h | 0.2036 | −0.037% | $30K | $202K | 10x | as long as short |
| MEXC FET_USDT | +0.0138% | 8h | 0.2038 | +0.049% | $30.3M | $25.1M | 200x | as long as short |
| Binance FETUSDT | +0.0138% | 8h | 0.2037 | −0.009% | $31.2M | $111.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0301% | 1h | 0.2035 | −0.103% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0223% | 4h | 0.2038 | +0.049% | $1.0M | $8.0M | 20x | as long as short |
| BloFin FET-USDT | +0.0259% | 8h | 0.2032 | −0.245% | $1.7M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2040 | +0.167% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0799% | 1h | 0.2038 | +0.065% | $8.6M | $8.5M | 5x | as long as short |
Bitget FETUSDT
BingX FET-USDT
Extended FET-USD
MEXC FET_USDT
Binance FETUSDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BloFin FET-USDT
Phoenix FET
Hyperliquid FET