Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Binance−0.073%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$570.575% of the position
Funding, last 7 days+0.248%+$25 on $10k
+Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.073%, 7d avg +0.061%
=Funding pays, the price is against you. BloFin is 0.134% cheaper against Binance than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of +0.061%). If the spread goes back, that is −$13 on $10k: about 3.7 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FETUSDT | 0.2054 | 0.0100 | pay 0.0100% / 8h | 7h 17m | $32.2M | $110.8M | 75x |
| Short | BloFin FET-USDT | 0.2052 | 0.0220 | get 0.0220% / 8h | 7h 17m | $1.7M | $2.7M | 100x |
Binance FETUSDT
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.073% → +0.061%
- −$13.39
- Slippage, 4 orders
- −$35.47
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$45.65
- Costs to cover
- 0.575%
- Break-even
- 19.7 days
Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 6 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, 11 min ago | 2.43 bp | 10.8 bp −$11 | 18.1 bp −$181 | 186.2 bp −$18.6K | doesn't fit |
| Sell BloFin live order book, 6 min ago | 4.87 bp | 15.1 bp −$15 | 22.1 bp −$221 | 99.6 bp −$9,962 | 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 | −0.4115% | 1h | 0.2053 | −0.024% | $29K | $223K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1259% | 1h | 0.2056 | +0.114% | $999K | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2057 | +0.170% | $151K | $215K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2054 | +0.003% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.118% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2055 | +0.090% | $341K | $544K | 10x | as long as short |
| Binance FETUSDTlong | +0.0100% | 8h | 0.2054 | long leg | $32.2M | $110.8M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2053 | −0.024% | $2.8M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2053 | −0.024% | $34.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2055 | +0.073% | $10.9M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2051 | −0.114% | $361K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2052 | −0.073% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2053 | −0.001% | $34K | $244K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2053 | −0.047% | $14K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2052 | −0.073% | $1.7M | $2.7M | 100x | |
| OKX FET-USDT-SWAP | +0.0283% | 4h | 0.2055 | +0.073% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0289% | 8h | 0.2054 | +0.024% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0301% | 8h | 0.2055 | +0.073% | $16.6M | $11.6M | 75x | as long as short |
| Hyperliquid FET | +0.0431% | 1h | 0.2057 | +0.190% | $9.2M | $8.3M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2052 | −0.059% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET