Funding you earn now, next payment 06:00 UTC+0.0362%/8h= +39.6% APRpaid last 24h +0.039%
Price spread now: Kraken Futures against KuCoin+0.199%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$940.936% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.199%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.160% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% 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 | 0.1985 | 0.0100 | pay 0.0100% / 8h | 2h 25m | $10.4M | $18.5M | 50x |
| Short | Kraken Futures PF_FETUSD | 0.1989 | 0.0462 | get 0.0058% / 1h | 25m 16s | $1.0M | $2.2M | 50x |
KuCoin FETUSDTM
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $76
- Price spread: +0.199% → +0.038%
- $16.03
- Slippage, 4 orders
- −$71.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1.55
- Costs to cover
- 0.936%
- Break-even
- 7.1 days
Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 3 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 | 2.53 bp | 20.0 bp −$20 | 61.6 bp −$616 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 14.93 bp | 22.8 bp −$23 | 65.2 bp −$652 | 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 | −0.2261% | 1h | 0.1986 | +0.050% | $39K | $299K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1986 | +0.050% | $148K | $257K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1983 | −0.078% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.259% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1984 | −0.058% | $189K | $810K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1985 | 0.000% | $30.2M | $114.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1983 | −0.101% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1983 | −0.101% | $29.4M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.1985 | long leg | $10.4M | $18.5M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.1978 | −0.344% | $271K | $479K | — | 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 | 0.1985 | 0.000% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1987 | +0.125% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0190% | 8h | 0.1986 | +0.050% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0191% | 8h | 0.1988 | +0.151% | $16.1M | $11.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1983 | −0.081% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1987 | +0.101% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0382% | 4h | 0.1984 | −0.050% | $974K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSDshort | +0.0462% | 1h | 0.1989 | +0.199% | $1.0M | $2.2M | 50x | |
| Phoenix FET | +0.0649% | 1h | 0.1977 | −0.403% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0814% | 1h | 0.1986 | +0.030% | $8.4M | $8.5M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET