Funding you earn now, next payment 05:00 UTC−0.1372%/8h= −150.2% APRpaid last 24h −0.127%
Price spread now: Coinbase International against BloFin+0.404%58s7-day average +0.265% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as 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−$1581.580% of the position
Funding, last 7 days−0.439%−$44 on $10k
+Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.404%, 7d avg +0.265%
=The price spread pays, funding is against you. Coinbase International is 0.138% dearer against BloFin than usual: you sell high and buy low (spread +0.404% now, against its 7-day average of +0.265%): +$14 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.439% in total) that is about 2.2 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.439% in total (about -22.9% 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 | BloFin FET-USDT | 0.1982 | 0.0220 | pay 0.0220% / 8h | 2h 21m | $1.7M | $3.2M | 100x |
| Short | Coinbase International FET-PERP-INTX | 0.1990 | −0.1152 | pay 0.0144% / 1h | 21m 30s | $148K | $257K | 50x |
BloFin FET-USDT
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$288.12
- Price spread: +0.404% → +0.265%
- $13.83
- Slippage, 4 orders
- −$135.98
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$432.27
- Costs to cover
- 1.580%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Coinbase International: live order book, 26 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, 2 min ago | 5.03 bp | 14.1 bp −$14 | 24.2 bp −$242 | 135.4 bp −$13.5K | doesn't fit |
| Sell Coinbase International live order book, 26 min ago | 10.08 bp | 58.0 bp −$58 | 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-PERPETUAL | −0.1756% | 1h | 0.1990 | +0.404% | $40K | $311K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.1152% | 1h | 0.1990 | +0.404% | $148K | $257K | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1987 | +0.240% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.413% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1992 | +0.492% | $190K | $810K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1995 | +0.656% | $30.4M | $114.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1991 | +0.454% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1994 | +0.605% | $29.5M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1994 | +0.605% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1978 | −0.193% | $271K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1989 | +0.353% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1994 | +0.605% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0191% | 8h | 0.1995 | +0.656% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0192% | 8h | 0.1995 | +0.656% | $16.2M | $11.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1986 | +0.221% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.1982 | long leg | $1.7M | $3.2M | 100x | |
| OKX FET-USDT-SWAP | +0.0398% | 4h | 0.1996 | +0.706% | $977K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0461% | 1h | 0.1993 | +0.574% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1977 | −0.252% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0812% | 1h | 0.1995 | +0.641% | $8.4M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET