Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.7% APRnext payment −$2.44 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against BingX−0.149%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 7 days+0.139%+$14 · spread now −0.149%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.140% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.44 per $10,000. 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 | 0.2015 | 0.0269 | pay 0.0269% / 8h | 6h 57m | — | $6.0M | — |
| Short | Gate FET_USDT | 0.2012 | 0.0025 | get 0.0025% / 8h | 6h 57m | $2.7M | $12.1M | 50x |
BingX FET-USDT
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$51.24
- Price spread: −0.149% → −0.009%
- −$13.96
- Slippage, 4 orders
- −$38.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$128.9
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 2 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, 8 min ago | 4.88 bp | 14.3 bp −$14 | 17.6 bp −$176 | 71.6 bp −$7,159 | 434.4 bp −$217.2K |
| Sell Gate live order book, 2 min ago | 4.96 bp | 16.0 bp −$16 | 43.2 bp −$432 | 81.7 bp −$8,167 | 155.7 bp −$77.9K |
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 | −0.6647% | 1h | 0.2016 | +0.050% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2020 | +0.248% | $147K | $213K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0743% | 1h | 0.2017 | +0.114% | $980K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2017 | +0.092% | $21K | — | 150x | as long as short |
| Gate FET_USDTshort | +0.0025% | 8h | 0.2012 | −0.149% | $2.7M | $12.1M | 50x | |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.248% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2017 | +0.111% | $307K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2015 | 0.000% | $31.4M | $111.8M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2012 | −0.149% | $32.1M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | +0.149% | $10.6M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
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 | 0.2032 | +0.851% | $356K | $401K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | −0.050% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | +0.055% | $33K | $247K | 10x | as long as short |
| Hyperliquid FET | +0.0108% | 1h | 0.2015 | −0.005% | $9.0M | $8.3M | 5x | as long as short |
| OKX FET-USDT-SWAP | +0.0168% | 4h | 0.2014 | −0.050% | $998K | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2015 | +0.024% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2019 | +0.199% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDTlong | +0.0269% | 8h | 0.2015 | long leg | — | $6.0M | — | |
| Bitget FETUSDT | +0.0279% | 8h | 0.2017 | +0.099% | $16.2M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2019 | +0.184% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
Hyperliquid FET
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
Phoenix FET