Funding you earn now, next payment 23:00 UTC−0.2939%/8h= −321.8% APRpaid last 24h −0.388%
Price spread now: Deribit against BloFin+0.050%57s7-day average −0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.487% of the position
Funding, last 6 days (all we have)−0.651%−$65 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.050%, 7d avg −0.061%
=The price spread pays, funding is against you. Deribit is 0.111% dearer against BloFin than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.061%): +$11 on $10k if it goes back. Holding the pair costs −$88 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 6 days (−0.651% in total) that is about 23 hours. The two prices were read 57 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 6 days it paid -0.651% in total (about -42.4% 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 | 0.2014 | 0.0220 | pay 0.0220% / 8h | 1h 21m | $1.7M | $2.6M | 100x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2015 | −0.2719 | pay 0.0340% / 1h | 21m 34s | $27K | $200K | 10x |
BloFin FET-USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$617.15
- Price spread: +0.050% → −0.061%
- $11.09
- Slippage, 4 orders
- −$29.69
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$654.75
- Costs to cover
- 0.487%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Deribit: live order book, 62 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 | 4.97 bp | 15.9 bp −$16 | 23.6 bp −$236 | 170.3 bp −$17.0K | doesn't fit |
| Sell Deribit live order book, 62 min ago | 7.42 bp | 10.9 bp −$11 | 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 | −0.2719% | 1h | 0.2015 | +0.050% | $27K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2012 | −0.099% | $151K | $201K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2013 | −0.043% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0064% | 8h | 0.2014 | 0.000% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2016 | +0.099% | $343K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2016 | +0.099% | $31.5M | $107.5M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2017 | +0.149% | $34.6M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2016 | +0.099% | $10.5M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | −0.087% | $274K | $317K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2013 | −0.050% | $37K | $5K | 10x | as long as short |
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
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 | 0.2016 | +0.081% | $34K | $190K | 10x | as long as short |
| Hyperliquid FET | +0.0159% | 1h | 0.2017 | +0.146% | $8.9M | $7.9M | 5x | as long as short |
| OKX FET-USDT-SWAP | +0.0178% | 4h | 0.2017 | +0.149% | $856K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2013 | −0.072% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2014 | long leg | $1.7M | $2.6M | 100x | |
| BingX FET-USDT | +0.0310% | 8h | 0.2018 | +0.199% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0333% | 8h | 0.2018 | +0.199% | $16.3M | $11.5M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0359% | 1h | 0.2016 | +0.121% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.199% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2019 | +0.253% | $27K | $36K | 5x | as long as short |
Extended FET-USD
Hyperliquid FET
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET