Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: MEXC against BloFin0.000%64s7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as 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−$250.251% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now 0.000%, 7d avg −0.090%
=The price spread pays, funding is against you. MEXC is 0.090% dearer against BloFin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.090%): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 64 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 | 0.2019 | 0.0220 | pay 0.0220% / 8h | 4h 26m | $1.7M | $3.1M | 100x |
| Short | MEXC FET_USDT | 0.2019 | 0.0100 | get 0.0100% / 8h | 4h 26m | $30.1M | $24.5M | 200x |
BloFin FET-USDT
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: 0.000% → −0.090%
- $9.01
- Slippage, 4 orders
- −$13.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$41.26
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; MEXC: live order book, 3 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, 7 min ago | 2.48 bp | 8.5 bp −$8 | 31.5 bp −$315 | 169.6 bp −$17.0K | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.48 bp | 5.6 bp −$6 | 12.5 bp −$125 | 49.9 bp −$4,987 | 162.9 bp −$81.4K |
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 | −0.3701% | 1h | 0.2017 | −0.099% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2020 | +0.050% | $146K | $239K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0455% | 1h | 0.2021 | +0.089% | $998K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2016 | −0.148% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.446% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | −0.188% | $200K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2019 | −0.005% | $30.9M | $113.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2016 | −0.149% | $2.7M | $12.5M | 50x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2019 | 0.000% | $30.1M | $24.5M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | −0.050% | $10.6M | $18.9M | 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
Aster FETUSDT
Binance FETUSDT
Gate 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 | 0.2028 | +0.453% | $339K | $418K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2015 | −0.198% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | −0.125% | $33K | $252K | 10x | as long as short |
| Hyperliquid FET | +0.0155% | 1h | 0.2018 | −0.059% | $8.8M | $8.5M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2014 | −0.237% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2019 | long leg | $1.7M | $3.1M | 100x | |
| OKX FET-USDT-SWAP | +0.0225% | 4h | 0.2021 | +0.099% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0281% | 8h | 0.2016 | −0.149% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0292% | 8h | 0.2020 | +0.050% | $16.3M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2032 | +0.654% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
Hyperliquid FET
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET