Funding you earn now, next payment 11:00 UTC−0.1265%/8h= −138.5% APRpaid last 24h −0.014%
Price spread now: Kraken Futures against Orderly+0.199%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.199% dearer against Orderly than usual: you sell high and buy low (spread +0.199% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_FET_USDC | 0.2055 | 0.0100 | pay 0.0100% / 8h | 5h 05m | $36K | $12K | 10x |
| Short | Kraken Futures PF_FETUSD | 0.2059 | −0.1165 | pay 0.0146% / 1h | 5m 51s | $1.0M | $2.0M | 50x |
Orderly PERP_FET_USDC
Kraken Futures PF_FETUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- −$265.66
- Price spread: +0.199% → 0.000%
- $19.88
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$261.78
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 1 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 1 min ago | 7.77 bp | 17.1 bp −$17 | 47.4 bp −$474 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | −0.6996% | 1h | 0.2055 | 0.000% | $33K | $321K | 10x | as long as short |
| Kraken Futures PF_FETUSDshort | −0.1165% | 1h | 0.2059 | +0.199% | $1.0M | $2.0M | 50x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2073 | +0.876% | $144K | $276K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2054 | −0.032% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +2.190% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2054 | −0.049% | $159K | $748K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2055 | −0.010% | $31.6M | $110.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2054 | −0.049% | $993K | $7.6M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2053 | −0.097% | $2.9M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2054 | −0.049% | $29.0M | $26.0M | 200x | 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
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2055 | 0.000% | $10.9M | $17.2M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2054 | −0.049% | $16.3M | $12.1M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2054 | −0.049% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2059 | +0.193% | $304K | $599K | — | as long as short |
| Orderly PERP_FET_USDClong | +0.0100% | 8h | 0.2055 | long leg | $36K | $12K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2054 | −0.048% | $38K | $212K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0304% | 1h | 0.2055 | +0.009% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2056 | +0.049% | $1.8M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0418% | 1h | 0.2066 | +0.511% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.0859% | 1h | 0.2057 | +0.112% | $9.9M | $8.2M | 5x | as long as short |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET