Funding you earn now, next payment 00:00 UTC−0.3010%/8h= −329.6% APRpaid last 24h −0.385%
Price spread now: Deribit against Bitget−0.147%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 6 days (all we have)−0.524%−$52 on $10k
+Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.147%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$90 a day on $10k at the current rate, and Deribit is 0.131% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.524% 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 | Bitget FETUSDT | 0.2038 | 0.0320 | pay 0.0320% / 8h | 35m 06s | $16.4M | $11.5M | 75x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2035 | −0.2690 | pay 0.0336% / 1h | 35m 06s | $28K | $200K | 10x |
Bitget FETUSDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$632.05
- Price spread: −0.147% → −0.017%
- −$13.06
- Slippage, 4 orders
- −$35.57
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$699.67
- Costs to cover
- 0.546%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 43 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, 4 min ago | 4.90 bp | 12.7 bp −$13 | 28.1 bp −$281 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 43 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 | −0.2690% | 1h | 0.2035 | −0.147% | $28K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2055 | +0.834% | $154K | $205K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0479% | 1h | 0.2037 | −0.056% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2035 | −0.162% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.374% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0054% | 8h | 0.2035 | −0.147% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2036 | −0.077% | $340K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2038 | −0.023% | $31.8M | $108.6M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2035 | −0.147% | $34.3M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2035 | −0.147% | $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 | −0.036% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2034 | −0.196% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2034 | −0.204% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2033 | −0.223% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2038 | 0.000% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0311% | 8h | 0.2037 | −0.049% | — | $5.6M | — | as long as short |
| Bitget FETUSDTlong | +0.0320% | 8h | 0.2038 | long leg | $16.4M | $11.5M | 75x | |
| OKX FET-USDT-SWAP | +0.0320% | 4h | 0.2040 | +0.098% | $988K | $7.8M | 20x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2041 | +0.132% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0626% | 1h | 0.2040 | +0.079% | $9.0M | $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
BingX FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET