Funding you earn now, next payment 23:00 UTC−0.1045%/8h= −114.4% APRpaid last 24h +0.020%
Price spread now: Coinbase International against BingX−0.341%7-day average +0.345% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 3 days (all we have)+0.359%+$36 · spread now −0.341%, 7d avg +0.345%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Coinbase International is 0.686% cheaper against BingX than usual: you would sell low and buy high (−$69 if the spread goes back to its 7-day average of +0.345%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.219% in total (about -11.4% 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 | BingX FET-USDT | 0.2053 | 0.0317 | pay 0.0317% / 8h | 58m 29s | — | $5.6M | — |
| Short | Coinbase International FET-PERP-INTX | 0.2046 | −0.0728 | pay 0.0091% / 1h | 58m 29s | $153K | $205K | 50x |
BingX FET-USDT
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- −$219.45
- Price spread: −0.341% → +0.345%
- −$68.57
- Slippage, 4 orders
- −$50.01
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$358.03
- Costs to cover
- 0.700%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Coinbase International: live order book, 19 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 BingX live order book, 2 min ago | 2.44 bp | 11.9 bp −$12 | 15.4 bp −$154 | 59.8 bp −$5,977 | 311.0 bp −$155.5K |
| Sell Coinbase International live order book, 19 min ago | 7.45 bp | 12.4 bp −$12 | 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-PERPETUAL | −0.3161% | 1h | 0.2045 | −0.390% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0728% | 1h | 0.2046 | −0.341% | $153K | $205K | 50x | |
| Kraken Futures PF_FETUSD | −0.0476% | 1h | 0.2049 | −0.195% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2046 | −0.358% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.094% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0073% | 8h | 0.2050 | −0.146% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2050 | −0.145% | $342K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2052 | −0.072% | $32.1M | $108.0M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2050 | −0.146% | $35.0M | $24.6M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2048 | −0.244% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
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 | 0.2038 | −0.720% | $288K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2044 | −0.438% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2050 | −0.135% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2045 | −0.405% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2048 | −0.244% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0270% | 4h | 0.2055 | +0.097% | $997K | $7.8M | 20x | as long as short |
| BingX FET-USDTlong | +0.0317% | 8h | 0.2053 | long leg | — | $5.6M | — | |
| Bitget FETUSDT | +0.0335% | 8h | 0.2053 | 0.000% | $16.6M | $11.5M | 75x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2042 | −0.531% | $36K | $36K | 5x | as long as short |
| Hyperliquid FET | +0.1128% | 1h | 0.2054 | +0.058% | $9.1M | $8.0M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET
Hyperliquid FET