Funding you earn now, next payment 00:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h +0.003%
Price spread now: Injective against BloFin−1.277%7-day average −0.982% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.594%+$59 · spread now −1.277%, 7d avg −0.982%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.295% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.982%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.3% 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 | BloFin FET-USDT | 0.2036 | 0.0220 | pay 0.0220% / 8h | 4m 08s | $1.7M | $2.7M | 100x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 4m 08s | $3K | $166K | 12x |
BloFin FET-USDT
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$39.2
- Price spread: −1.277% → −0.982%
- −$29.5
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$80.72
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: 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 BloFin live order book, 4 min ago | 9.80 bp | 16.4 bp −$16 | 31.9 bp −$319 | 173.1 bp −$17.3K | 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 | −0.2191% | 1h | 0.2043 | +0.344% | $29K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2043 | +0.344% | $152K | $207K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0477% | 1h | 0.2043 | +0.338% | $997K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2042 | +0.277% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | −1.277% | $3K | $166K | 12x | |
| Gate FET_USDT | +0.0059% | 8h | 0.2041 | +0.246% | $2.8M | $12.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2044 | +0.381% | $339K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2040 | +0.198% | $31.9M | $109.4M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2040 | +0.196% | $34.4M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2041 | +0.246% | $10.8M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance 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 | 0.2033 | −0.136% | $358K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2041 | +0.246% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2043 | +0.324% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2041 | +0.243% | $14K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2036 | long leg | $1.7M | $2.7M | 100x | |
| BingX FET-USDT | +0.0287% | 8h | 0.2042 | +0.295% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0290% | 4h | 0.2043 | +0.344% | $997K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0301% | 8h | 0.2043 | +0.344% | $16.5M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0414% | 1h | 0.2045 | +0.454% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2039 | +0.152% | $36K | $45K | 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
Hyperliquid FET
Phoenix FET