Funding you earn now, next payment 00:00 UTC−0.2989%/8h= −327.3% APRpaid last 24h −0.385%
Price spread now: Deribit against BingX+0.049%7-day average +0.012% · 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−$47as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 6 days (all we have)−0.525%−$52 on $10k
+Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.049%, 7d avg +0.012%
=The price spread pays, funding is against you. Deribit is 0.037% dearer against BingX than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.012%): +$4 on $10k if it goes back. Holding the pair costs −$90 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 6 days (−0.525% in total) that is about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.525% in total (about -33.9% 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 | 0.2042 | 0.0311 | pay 0.0311% / 8h | 32m 44s | — | $5.6M | — |
| Short | Deribit FET_USDC-PERPETUAL | 0.2043 | −0.2678 | pay 0.0335% / 1h | 32m 44s | $28K | $200K | 10x |
BingX FET-USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$627.74
- Price spread: +0.049% → +0.012%
- $3.72
- Slippage, 4 orders
- −$33.97
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$675
- Costs to cover
- 0.510%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Deribit: live order book, 46 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 | 4.90 bp | 11.3 bp −$11 | 16.6 bp −$166 | 52.8 bp −$5,279 | 392.2 bp −$196.1K |
| Sell Deribit live order book, 46 min ago | 9.94 bp | 13.4 bp −$13 | 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 | −0.2678% | 1h | 0.2043 | +0.049% | $28K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2055 | +0.637% | $154K | $204K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0477% | 1h | 0.2044 | +0.099% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2044 | +0.082% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.567% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0060% | 8h | 0.2040 | −0.098% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2041 | −0.059% | $341K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2041 | −0.031% | $31.8M | $108.6M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2041 | −0.049% | $34.5M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2042 | 0.000% | $10.6M | $19.1M | 50x | as long as short |
Coinbase International FET-PERP-INTX
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 | 0.2037 | −0.232% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2041 | −0.049% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2041 | −0.070% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2042 | −0.009% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2044 | +0.098% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDTlong | +0.0311% | 8h | 0.2042 | long leg | — | $5.6M | — | |
| Bitget FETUSDT | +0.0319% | 8h | 0.2044 | +0.098% | $16.5M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0322% | 4h | 0.2045 | +0.147% | $986K | $7.8M | 20x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2041 | −0.064% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0598% | 1h | 0.2044 | +0.093% | $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
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET