Funding you earn now, next payment 00:00 UTC−0.0267%/8h= −29.2% APRnext payment −$2.67 per $10,000 · paid last 24h −0.008%
Price spread now: Gate against Bitget−0.199%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.199%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.170% cheaper against Bitget than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.67 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 | 0.2013 | 0.0326 | pay 0.0326% / 8h | 1h 24m | $16.2M | $11.5M | 75x |
| Short | Gate FET_USDT | 0.2009 | 0.0059 | get 0.0059% / 8h | 1h 24m | $2.7M | $11.9M | 50x |
Bitget FETUSDT
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$56.07
- Price spread: −0.199% → −0.029%
- −$16.98
- Slippage, 4 orders
- −$33.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$133.17
- Costs to cover
- 0.601%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 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 | 2.48 bp | 18.0 bp −$18 | 40.1 bp −$401 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.97 bp | 14.8 bp −$15 | 41.5 bp −$415 | 90.3 bp −$9,031 | 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 | −0.2728% | 1h | 0.2009 | −0.199% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2009 | −0.199% | $150K | $200K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2009 | −0.191% | $32K | — | 150x | as long as short |
| Gate FET_USDTshort | +0.0059% | 8h | 0.2009 | −0.199% | $2.7M | $11.9M | 50x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2013 | +0.013% | $342K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2011 | −0.116% | $31.4M | $107.5M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2011 | −0.099% | $34.5M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2011 | −0.099% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | −0.037% | $274K | $317K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2008 | −0.248% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2012 | −0.069% | $34K | $190K | 10x | as long as short |
| Hyperliquid FET | +0.0139% | 1h | 0.2013 | +0.007% | $8.9M | $7.9M | 5x | as long as short |
| OKX FET-USDT-SWAP | +0.0162% | 4h | 0.2013 | 0.000% | $856K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2008 | −0.244% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2009 | −0.199% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0305% | 8h | 0.2011 | −0.099% | — | $5.6M | — | as long as short |
| Bitget FETUSDTlong | +0.0326% | 8h | 0.2013 | long leg | $16.2M | $11.5M | 75x | |
| Kraken Futures PF_FETUSD | +0.0360% | 1h | 0.2012 | −0.058% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.149% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2014 | +0.065% | $27K | $36K | 5x | as long as short |
Extended FET-USD
Hyperliquid FET
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET