Funding you earn now, next payment 08:00 UTC−0.0311%/8h= −34.1% APRnext payment −$3.11 per $10,000 · paid last 24h −0.021%
Price spread now: Binance against Bitget−0.095%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$510.515% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.095%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.102% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.11 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 | Bitget FETUSDT | 0.2066 | 0.0411 | pay 0.0411% / 8h | 5h 21m | $16.8M | $11.8M | 75x |
| Short | Binance FETUSDT | 0.2064 | 0.0100 | get 0.0100% / 8h | 5h 21m | $32.1M | $112.2M | 75x |
Bitget FETUSDT
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$65.31
- Price spread: −0.095% → +0.007%
- −$10.24
- Slippage, 4 orders
- −$29.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$127.03
- Costs to cover
- 0.515%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 7 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 Bitget live order book, 3 min ago | 4.82 bp | 10.8 bp −$11 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.44 bp | 11.6 bp −$12 | 19.6 bp −$196 | 111.4 bp −$11.1K | 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 | −0.2650% | 1h | 0.2063 | −0.145% | $39K | $294K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2068 | +0.097% | $152K | $233K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2064 | −0.118% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.711% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2070 | +0.175% | $217K | $771K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.2064 | −0.095% | $32.1M | $112.2M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2063 | −0.145% | $2.8M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2062 | −0.194% | $30.8M | $24.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2065 | −0.048% | $10.9M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2050 | −0.771% | $343K | $424K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2063 | −0.145% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2063 | −0.137% | $34K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0113% | 1h | 0.2064 | −0.085% | $1.0M | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2063 | −0.152% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2064 | −0.097% | $1.7M | $3.0M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0273% | 4h | 0.2066 | 0.000% | $1.0M | $8.3M | 20x | as long as short |
| BingX FET-USDT | +0.0393% | 8h | 0.2065 | −0.048% | — | $5.9M | — | as long as short |
| Bitget FETUSDTlong | +0.0411% | 8h | 0.2066 | long leg | $16.8M | $11.8M | 75x | |
| Hyperliquid FET | +0.0656% | 1h | 0.2064 | −0.077% | $9.1M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2046 | −0.949% | $36K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Hyperliquid FET
Phoenix FET