Funding you earn now, next payment 23:00 UTC+0.1019%/8h= +111.5% APRpaid last 24h −0.007%
Price spread now: OKX against Coinbase International−0.196%7-day average −0.325% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1451.450% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.196%, 7d avg −0.325%
=Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and OKX is 0.129% 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 −0.325%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% 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 | 0.2043 | −0.0728 | get 0.0091% / 1h | 5m 50s | $152K | $207K | 50x |
| Short | OKX FET-USDT-SWAP | 0.2039 | 0.0291 | get 0.0145% / 4h | 5m 50s | $994K | $7.9M | 20x |
Coinbase International FET-PERP-INTX
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $213.89
- Price spread: −0.196% → −0.325%
- $12.95
- Slippage, 4 orders
- −$125.05
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $81.8
- Costs to cover
- 1.450%
- Break-even
- 4.3 days
Slippage from Coinbase International: live order book, 7 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 Coinbase International live order book, 7 min ago | 7.34 bp | 52.8 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.45 bp | 19.6 bp −$20 | 59.7 bp −$597 | 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 | −0.2693% | 1h | 0.2033 | −0.489% | $29K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0728% | 1h | 0.2043 | long leg | $152K | $207K | 50x | |
| Kraken Futures PF_FETUSD | −0.0478% | 1h | 0.2038 | −0.233% | $995K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2033 | −0.508% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.615% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0055% | 8h | 0.2034 | −0.441% | $2.8M | $12.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2037 | −0.279% | $338K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2036 | −0.343% | $31.8M | $109.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2034 | −0.441% | $34.3M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2037 | −0.294% | $10.8M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
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 | 0.2033 | −0.478% | $358K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2033 | −0.489% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2037 | −0.309% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2032 | −0.536% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2039 | −0.196% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2037 | −0.294% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAPshort | +0.0291% | 4h | 0.2039 | −0.196% | $994K | $7.9M | 20x | |
| Bitget FETUSDT | +0.0298% | 8h | 0.2039 | −0.196% | $16.4M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0411% | 1h | 0.2038 | −0.230% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2047 | +0.220% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET