Funding you earn now, next payment 03:00 UTC+0.1084%/8h= +118.7% APRpaid last 24h +0.051%
Price spread now: MEXC against Coinbase International−0.246%7-day average −0.362% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 4 days (all we have)+0.328%+$33 · spread now −0.246%, 7d avg −0.362%
=Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and MEXC is 0.116% dearer against Coinbase International than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.362%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% 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 | 0.2030 | −0.0984 | get 0.0123% / 1h | 50m 48s | $149K | $236K | 50x |
| Short | MEXC FET_USDT | 0.2025 | 0.0100 | get 0.0100% / 8h | 4h 50m | $30.2M | $24.0M | 200x |
Coinbase International FET-PERP-INTX
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $227.64
- Price spread: −0.246% → −0.362%
- $11.62
- Slippage, 4 orders
- −$120.45
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $108.81
- Costs to cover
- 1.304%
- Break-even
- 3.7 days
Slippage from Coinbase International: 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 Coinbase International live order book, 7 min ago | 9.80 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.44 bp | 2.4 bp −$2 | 6.3 bp −$63 | 32.1 bp −$3,208 | 147.1 bp −$73.5K |
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 | −0.4662% | 1h | 0.2026 | −0.197% | $38K | $305K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0984% | 1h | 0.2030 | long leg | $149K | $236K | 50x | |
| Kraken Futures PF_FETUSD | −0.0454% | 1h | 0.2025 | −0.239% | $999K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0008% | 1h | 0.2026 | −0.174% | $28K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.985% | $3K | $166K | 12x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2019 | −0.537% | $8.8M | $8.4M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2024 | −0.291% | $207K | $793K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2017 | −0.640% | $31.1M | $113.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2022 | −0.394% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2025 | −0.246% | $30.2M | $24.0M | 200x |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
Gate FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2025 | −0.246% | $10.7M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2026 | −0.190% | $339K | $423K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2025 | −0.246% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2024 | −0.277% | $35K | $249K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0195% | 4h | 0.2019 | −0.542% | $1.0M | $8.2M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2026 | −0.180% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | −0.493% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0330% | 8h | 0.2024 | −0.296% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0338% | 8h | 0.2018 | −0.591% | $16.4M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2033 | +0.167% | $35K | $39K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET