Funding you earn now, next payment 21:00 UTC+0.0584%/8h= +63.9% APRnext payment +$0.73 per $10,000 · paid last 24h −0.032%
Price spread now: Extended against Coinbase International−0.234%7-day average −0.367% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1621.620% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 3 days (all we have)+0.230%+$23 · spread now −0.234%, 7d avg −0.367%
=Together, before fees+0.344%+ Points / potential airdropExtended: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Extended is 0.133% dearer against Coinbase International than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.367%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 per $10,000. 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 | 0.2009 | −0.0480 | get 0.0060% / 1h | 38m 52s | $160K | $188K | 50x |
| Short | Extended FET-USD | 0.2004 | 0.0104 | get 0.0013% / 1h | 38m 52s | $32K | $144K | 10x |
Coinbase International FET-PERP-INTX
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $122.64
- Price spread: −0.234% → −0.367%
- $13.33
- Slippage, 4 orders
- −$146.96
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$25.99
- Costs to cover
- 1.620%
- Break-even
- 8.5 days
Slippage from Coinbase International: live order book, 49 min ago; Extended: live order book, 46 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, 49 min ago | 9.87 bp | 83.2 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 46 min ago | 7.67 bp | 10.2 bp −$10 | 34.4 bp −$344 | 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 | −0.3231% | 1h | 0.2004 | −0.249% | $26K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0480% | 1h | 0.2009 | long leg | $160K | $188K | 50x | |
| Gate FET_USDT | −0.0088% | 8h | 0.2002 | −0.348% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2003 | −0.309% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2006 | −0.162% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2004 | −0.225% | $345K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2004 | −0.249% | $31.3M | $107.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2005 | −0.199% | $854K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2004 | −0.249% | $35.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2003 | −0.299% | $10.4M | $19.0M | 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 | 0.2008 | −0.074% | $272K | $316K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2002 | −0.348% | $37K | $5K | 10x | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.2004 | −0.234% | $32K | $144K | 10x | |
| BingX FET-USDT | +0.0123% | 8h | 0.2004 | −0.249% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0139% | 8h | 0.2006 | −0.149% | $16.4M | $11.4M | 75x | as long as short |
| Hyperliquid FET | +0.0143% | 1h | 0.2005 | −0.184% | $9.0M | $7.6M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2001 | −0.392% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2004 | −0.249% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +1.045% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2011 | +0.114% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET