Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.196%101s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 3 days (all we have)+0.284%+$28 · spread now −0.196%, 7d avg −0.063%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.133% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.063%). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FET-USDT | 0.2041 | 0.0220 | pay 0.0220% / 8h | 27m 35s | $1.7M | $2.7M | 100x |
| Short | Binance FETUSDT | 0.2037 | 0.0100 | get 0.0100% / 8h | 27m 35s | $31.8M | $108.7M | 75x |
BloFin FET-USDT
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: −0.196% → −0.063%
- −$13.29
- Slippage, 4 orders
- −$28.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$89.13
- Costs to cover
- 0.506%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 15 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 BloFin live order book, 6 min ago | 7.35 bp | 14.1 bp −$14 | 27.0 bp −$270 | 174.9 bp −$17.5K | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.45 bp | 9.2 bp −$9 | 17.3 bp −$173 | 106.0 bp −$10.6K | 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 | −0.3175% | 1h | 0.2037 | −0.196% | $28K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2043 | +0.098% | $153K | $202K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0478% | 1h | 0.2039 | −0.078% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2040 | −0.067% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.519% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0053% | 8h | 0.2036 | −0.245% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2037 | −0.191% | $338K | $543K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.2037 | −0.196% | $31.8M | $108.7M | 75x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2035 | −0.294% | $34.4M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2037 | −0.196% | $10.5M | $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
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 | 0.2043 | +0.111% | $299K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2038 | −0.147% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2036 | −0.252% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2038 | −0.143% | $14K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2041 | long leg | $1.7M | $2.7M | 100x | |
| BingX FET-USDT | +0.0298% | 8h | 0.2038 | −0.147% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0303% | 4h | 0.2041 | 0.000% | $990K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0311% | 8h | 0.2038 | −0.147% | $16.4M | $11.5M | 75x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2043 | +0.118% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0539% | 1h | 0.2041 | −0.024% | $9.0M | $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
Bitget FETUSDT
Phoenix FET
Hyperliquid FET