Funding you earn now, next payment 01:00 UTC−0.2276%/8h= −249.2% APRpaid last 24h −0.409%
Price spread now: Deribit against Binance+0.045%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 6 days (all we have)−0.535%−$53 on $10k
+Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.045%, 7d avg 0.000%
=The price spread pays, funding is against you. Deribit is 0.044% dearer against Binance than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of 0.000%): +$4 on $10k if it goes back. Holding the pair costs −$68 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 6 days (−0.535% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.535% in total (about -34.4% 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 | Binance FETUSDT | 0.2055 | 0.0100 | pay 0.0100% / 8h | 7h 41m | $32.1M | $109.9M | 75x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2056 | −0.2176 | pay 0.0272% / 1h | 41m 04s | $29K | $202K | 10x |
Binance FETUSDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$477.96
- Price spread: +0.045% → 0.000%
- $4.41
- Slippage, 4 orders
- −$22.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$513.35
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Deribit: live order book, 32 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, 2 min ago | 2.43 bp | 11.7 bp −$12 | 16.0 bp −$160 | 152.5 bp −$15.3K | doesn't fit |
| Sell Deribit live order book, 32 min ago | 4.90 bp | 8.4 bp −$8 | doesn't fit | 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-PERPETUALshort | −0.2176% | 1h | 0.2056 | +0.045% | $29K | $202K | 10x | |
| Kraken Futures PF_FETUSD | −0.1257% | 1h | 0.2058 | +0.160% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2056 | +0.045% | $153K | $208K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2055 | −0.022% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.194% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2056 | +0.022% | $342K | $542K | 10x | as long as short |
| Binance FETUSDTlong | +0.0100% | 8h | 0.2055 | long leg | $32.1M | $109.9M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2055 | −0.004% | $2.8M | $12.0M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2055 | −0.004% | $34.7M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2058 | +0.142% | $10.8M | $19.2M | 50x | as long as short |
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 | 0.2055 | +0.005% | $361K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2054 | −0.053% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2056 | +0.024% | $36K | $231K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2054 | −0.028% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2053 | −0.101% | $1.7M | $2.7M | 100x | as long as short |
| Hyperliquid FET | +0.0286% | 1h | 0.2058 | +0.127% | $9.1M | $8.1M | 5x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2057 | +0.093% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0301% | 8h | 0.2058 | +0.142% | $16.6M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0307% | 4h | 0.2059 | +0.191% | $1.0M | $8.0M | 20x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2046 | −0.462% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET