Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.026%
Price spread now: OKX against BloFin−0.149%93s7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as 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−$710.711% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.149%, 7d avg −0.042%
=Funding pays, the price is against you. OKX is 0.107% cheaper against BloFin than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.042%). If the spread goes back, that is −$11 on $10k: about 13 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.257%, so the current rate has only just turned in your favour. The two prices were read 93 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 | 0.2020 | 0.0220 | pay 0.0220% / 8h | 3h 55m | $1.7M | $3.1M | 100x |
| Short | OKX FET-USDT-SWAP | 0.2017 | 0.0247 | get 0.0123% / 4h | 3h 55m | $1.0M | $8.2M | 20x |
BloFin FET-USDT
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $5.6
- Price spread: −0.149% → −0.042%
- −$10.68
- Slippage, 4 orders
- −$49.14
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$76.22
- Costs to cover
- 0.711%
- Break-even
- 102.3 days
Slippage from BloFin: live order book, 2 min ago; OKX: live order book, 2 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 | 2.47 bp | 18.0 bp −$18 | 24.6 bp −$246 | 114.7 bp −$11.5K | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.47 bp | 21.8 bp −$22 | 62.6 bp −$626 | 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 | −0.4192% | 1h | 0.2017 | −0.149% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.2014 | −0.297% | $145K | $246K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0363% | 1h | 0.2018 | −0.117% | $996K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2013 | −0.358% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.495% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2012 | −0.375% | $194K | $812K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2016 | −0.211% | $30.9M | $113.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2012 | −0.396% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2016 | −0.198% | $31.3M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2015 | −0.248% | $10.6M | $18.7M | 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
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 | 0.2016 | −0.191% | $277K | $478K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | −0.297% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2012 | −0.374% | $33K | $253K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2011 | −0.423% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2020 | long leg | $1.7M | $3.1M | 100x | |
| OKX FET-USDT-SWAPshort | +0.0247% | 4h | 0.2017 | −0.149% | $1.0M | $8.2M | 20x | |
| BingX FET-USDT | +0.0249% | 8h | 0.2013 | −0.347% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0257% | 8h | 0.2015 | −0.248% | $16.3M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0388% | 1h | 0.2014 | −0.289% | $8.7M | $8.5M | 5x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2021 | +0.025% | $35K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET