Funding you earn now, next payment 21:00 UTC+0.0851%/8h= +93.2% APRnext payment +$1.06 per $10,000 · paid last 24h −0.005%
Price spread now: Injective against Coinbase International0.000%56s7-day average −0.941% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 3 days (all we have)−0.598%−$60 · spread now 0.000%, 7d avg −0.941%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Injective is 0.941% dearer against Coinbase International than usual: you sell high and buy low: +$94 more if the spread goes back to its 7-day average of −0.941%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.358% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.06 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 | 0.2030 | −0.0480 | get 0.0060% / 1h | 53m 22s | $162K | $190K | 50x |
| Short | Injective FET/USDC PERP | 0.2030 | 0.0371 | get 0.0046% / 1h | 53m 22s | $3K | $118K | 12x |
Coinbase International FET-PERP-INTX
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $178.65
- Price spread: 0.000% → −0.941%
- $94.12
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $262.75
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 34 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 Coinbase International live order book, 34 min ago | 9.87 bp | 83.2 bp −$83 | doesn't fit | doesn't fit | 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 | −0.3712% | 1h | 0.2011 | −0.936% | $26K | $229K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0480% | 1h | 0.2030 | long leg | $162K | $190K | 50x | |
| Gate FET_USDT | −0.0120% | 8h | 0.2014 | −0.788% | $2.8M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2016 | −0.673% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2016 | −0.700% | $1.1M | $2.1M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2018 | −0.571% | $9.0M | $7.6M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | −0.753% | $347K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2017 | −0.665% | $31.5M | $107.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2016 | −0.690% | $866K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2016 | −0.690% | $35.5M | $25.2M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2012 | −0.887% | $10.4M | $18.9M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2018 | −0.591% | $16.5M | $11.4M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2016 | −0.690% | — | $5.6M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2021 | −0.419% | $274K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2012 | −0.887% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | −0.675% | $32K | $144K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2015 | −0.727% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2026 | −0.197% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERPshort | +0.0371% | 1h | 0.2030 | 0.000% | $3K | $118K | 12x | |
| Phoenix FET | +0.0476% | 1h | 0.2014 | −0.803% | $27K | $37K | 5x | as long as short |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET