Funding you earn now, next payment 21:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h −0.033%
Price spread now: Bitget against Coinbase International−0.148%7-day average −0.319% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$770.767% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.148%, 7d avg −0.319%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bitget is 0.170% dearer against Coinbase International than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.319%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.208% in total (about 10.8% 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 | Coinbase International FET-PERP-INTX | 0.2022 | −0.0480 | get 0.0060% / 1h | 16m 38s | $161K | $189K | 50x |
| Short | Bitget FETUSDT | 0.2019 | 0.0212 | get 0.0212% / 8h | 2h 16m | $16.5M | $11.4M | 75x |
Coinbase International FET-PERP-INTX
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Coinbase International. 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
- $145.32
- Price spread: −0.148% → −0.319%
- $17.03
- Slippage, 4 orders
- −$54.67
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $85.68
- Costs to cover
- 0.767%
- Break-even
- 2.9 days
Slippage from Coinbase International: live order book, 6 min ago; Bitget: 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 Coinbase International live order book, 6 min ago | 12.39 bp | 31.0 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.48 bp | 11.5 bp −$12 | 24.3 bp −$243 | 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 | −0.4679% | 1h | 0.2019 | −0.148% | $27K | $209K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0480% | 1h | 0.2022 | long leg | $161K | $189K | 50x | |
| Gate FET_USDT | −0.0020% | 8h | 0.2016 | −0.297% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2020 | −0.111% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2022 | −0.017% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2018 | −0.206% | $347K | $529K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2017 | −0.247% | $31.5M | $107.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2019 | −0.148% | $860K | $7.6M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2018 | −0.198% | $34.9M | $25.4M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2017 | −0.247% | $10.4M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
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 | 0.2019 | −0.129% | $274K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2017 | −0.247% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2017 | −0.261% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0193% | 8h | 0.2019 | −0.148% | — | $5.6M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2019 | −0.162% | $13K | — | 100x | as long as short |
| Bitget FETUSDTshort | +0.0212% | 8h | 0.2019 | −0.148% | $16.5M | $11.4M | 75x | |
| Hyperliquid FET | +0.0220% | 1h | 0.2018 | −0.191% | $9.0M | $7.7M | 5x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | −0.099% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | −0.593% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2021 | −0.054% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Hyperliquid FET
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET