Funding you earn now, next payment 00:00 UTC+0.0235%/8h= +25.7% APRnext payment +$2.35 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.057%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$470.475% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now +0.057%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.066% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.009%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.35 per $10,000. 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 | Binance FETUSDT | 0.2042 | 0.0100 | pay 0.0100% / 8h | 1h 01m | $31.9M | $107.9M | 75x |
| Short | Bitget FETUSDT | 0.2043 | 0.0335 | get 0.0335% / 8h | 1h 01m | $16.5M | $11.5M | 75x |
Binance FETUSDT
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $49.35
- Price spread: +0.057% → −0.009%
- $6.65
- Slippage, 4 orders
- −$25.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $8.54
- Costs to cover
- 0.475%
- Break-even
- 5.8 days
Slippage from Binance: live order book, 12 min ago; Bitget: 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 Binance live order book, 12 min ago | 2.47 bp | 9.4 bp −$9 | 20.3 bp −$203 | 180.6 bp −$18.1K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.45 bp | 12.5 bp −$13 | 30.4 bp −$304 | 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 | −0.3170% | 1h | 0.2040 | −0.090% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2043 | +0.057% | $153K | $204K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2039 | −0.131% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0073% | 8h | 0.2039 | −0.139% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2042 | +0.011% | $341K | $540K | 10x | as long as short |
| Binance FETUSDTlong | +0.0100% | 8h | 0.2042 | long leg | $31.9M | $107.9M | 75x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2040 | −0.090% | $34.9M | $25.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2039 | −0.139% | $10.7M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2029 | −0.617% | $285K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2038 | −0.188% | $38K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2041 | −0.020% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2038 | −0.178% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2040 | −0.090% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0240% | 4h | 0.2046 | +0.204% | $986K | $7.8M | 20x | as long as short |
| BingX FET-USDT | +0.0317% | 8h | 0.2041 | −0.041% | — | $5.6M | — | as long as short |
| Bitget FETUSDTshort | +0.0335% | 8h | 0.2043 | +0.057% | $16.5M | $11.5M | 75x | |
| Hyperliquid FET | +0.0345% | 1h | 0.2044 | +0.121% | $9.0M | $7.9M | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0355% | 1h | 0.2042 | −0.005% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −1.559% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2042 | +0.013% | $36K | $36K | 5x | as long as short |
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Hyperliquid FET
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET