Funding you earn now, next payment 04:00 UTC−0.0314%/8h= −34.3% APRpaid last 24h −0.002%
Price spread now: Injective against Bitget−2.380%7-day average −0.635% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)+1.674%+$167 · spread now −2.380%, 7d avg −0.635%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 1.745% cheaper against Bitget than usual: you would sell low and buy high (−$174 if the spread goes back to its 7-day average of −0.635%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.120%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% 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 | 0.2059 | 0.0347 | pay 0.0347% / 8h | 4h 54m | $16.7M | $11.8M | 75x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 54m 36s | $3K | $166K | 12x |
Bitget FETUSDT
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$65.87
- Price spread: −2.380% → −0.635%
- −$174.5
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$252.39
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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 | 2.43 bp | 14.8 bp −$15 | 37.7 bp −$377 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2654% | 1h | 0.2060 | +0.049% | $39K | $304K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2062 | +0.146% | $150K | $235K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0446% | 1h | 0.2061 | +0.094% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2057 | −0.119% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | −2.380% | $3K | $166K | 12x | |
| Hyperliquid FET | +0.0100% | 1h | 0.2061 | +0.078% | $9.0M | $8.4M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2060 | +0.031% | $212K | $791K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2056 | −0.134% | $31.9M | $112.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2057 | −0.097% | $2.8M | $12.3M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2056 | −0.146% | $30.7M | $23.9M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2059 | 0.000% | $10.9M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2066 | +0.348% | $345K | $423K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2058 | −0.049% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2057 | −0.089% | $36K | $249K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0200% | 4h | 0.2058 | −0.049% | $1.1M | $8.3M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2056 | −0.128% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2061 | +0.097% | $1.8M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0333% | 8h | 0.2057 | −0.097% | — | $6.0M | — | as long as short |
| Bitget FETUSDTlong | +0.0347% | 8h | 0.2059 | long leg | $16.7M | $11.8M | 75x | |
| Phoenix FET | +0.0669% | 1h | 0.2055 | −0.185% | $36K | $39K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Phoenix FET