Funding you earn now, next payment 22:00 UTC+0.0271%/8h= +29.6% APRpaid last 24h +0.019%
Price spread now: Injective against Binance+0.445%7-day average −0.607% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 3 days (all we have)−1.247%−$125 · spread now +0.445%, 7d avg −0.607%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 1.052% dearer against Binance than usual: you sell high and buy low: +$105 more if the spread goes back to its 7-day average of −0.607%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FETUSDT | 0.2021 | 0.0100 | pay 0.0100% / 8h | 2h 57m | $31.5M | $107.4M | 75x |
| Short | Injective FET/USDC PERP | 0.2030 | 0.0371 | get 0.0046% / 1h | 57m 00s | $3K | $118K | 12x |
Binance FETUSDT
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $56.85
- Price spread: +0.445% → −0.607%
- $105.25
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $152.08
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 1 min ago; Injective: no order-book sample. 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 Binance live order book, 1 min ago | 2.49 bp | 11.0 bp −$11 | 21.4 bp −$214 | 154.5 bp −$15.4K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 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 | −0.3208% | 1h | 0.2017 | −0.198% | $16K | $219K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2019 | −0.099% | $161K | $189K | 50x | as long as short |
| Gate FET_USDT | −0.0131% | 8h | 0.2018 | −0.148% | $2.8M | $11.7M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2013 | −0.405% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2021 | +0.014% | $1.1M | $2.1M | 50x | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2015 | −0.297% | $37K | $5K | 10x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2021 | +0.025% | $9.0M | $7.6M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2017 | −0.198% | $347K | $527K | 10x | as long as short |
| Binance FETUSDTlong | +0.0100% | 8h | 0.2021 | long leg | $31.5M | $107.4M | 75x | |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2025 | +0.198% | $877K | $7.5M | 20x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Orderly PERP_FET_USDC
Hyperliquid FET
Aster FETUSDT
OKX FET-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0100% | 8h | 0.2019 | −0.099% | $36.3M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2017 | −0.198% | $10.5M | $18.9M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2024 | +0.148% | $16.5M | $11.4M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2019 | −0.099% | — | $5.6M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2014 | −0.370% | $273K | $314K | — | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2021 | +0.021% | $32K | $144K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2011 | −0.484% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2012 | −0.445% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERPshort | +0.0371% | 1h | 0.2030 | +0.445% | $3K | $118K | 12x | |
| Phoenix FET | +0.0395% | 1h | 0.2013 | −0.396% | $27K | $37K | 5x | as long as short |
MEXC FET_USDT
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET