Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.99 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bitget0.000%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 3 days (all we have)+0.013%+$1 · spread now 0.000%, 7d avg +0.046%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.046% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget FETUSDT | 0.2044 | 0.0319 | pay 0.0319% / 8h | 32m 45s | $16.5M | $11.5M | 75x |
| Short | BloFin FET-USDT | 0.2044 | 0.0220 | get 0.0220% / 8h | 32m 45s | $1.7M | $2.7M | 100x |
Bitget FETUSDT
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$20.79
- Price spread: 0.000% → +0.046%
- −$4.57
- Slippage, 4 orders
- −$20.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$69.44
- Costs to cover
- 0.441%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 5 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, 1 min ago | 2.44 bp | 11.9 bp −$12 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.45 bp | 8.5 bp −$8 | 25.0 bp −$250 | 111.5 bp −$11.2K | 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 | −0.2678% | 1h | 0.2043 | −0.049% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2055 | +0.538% | $154K | $204K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0477% | 1h | 0.2044 | +0.001% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2044 | −0.016% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.663% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0060% | 8h | 0.2040 | −0.196% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2041 | −0.157% | $341K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2041 | −0.129% | $31.8M | $108.6M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2041 | −0.147% | $34.5M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2042 | −0.098% | $10.6M | $19.1M | 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
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 | −0.329% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2041 | −0.147% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2041 | −0.168% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2042 | −0.107% | $14K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2044 | 0.000% | $1.7M | $2.7M | 100x | |
| BingX FET-USDT | +0.0311% | 8h | 0.2042 | −0.098% | — | $5.6M | — | as long as short |
| Bitget FETUSDTlong | +0.0319% | 8h | 0.2044 | long leg | $16.5M | $11.5M | 75x | |
| OKX FET-USDT-SWAP | +0.0322% | 4h | 0.2045 | +0.049% | $986K | $7.8M | 20x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2041 | −0.161% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0598% | 1h | 0.2044 | −0.005% | $9.1M | $8.0M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET