Funding you earn now, next payment 04:00 UTC+0.3965%/8h= +434.2% APRpaid last 24h +0.575%
Price spread now: BingX against Deribit+0.197%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$500.501% of the position
Funding, last 6 days (all we have)+0.752%+$75 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.197%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$119 a day on $10k at the current rate, and BingX is 0.202% dearer against Deribit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.005%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.752% in total (about 47.2% 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 | Deribit FET_USDC-PERPETUAL | 0.2029 | −0.3677 | get 0.0460% / 1h | 29m 56s | $38K | $307K | 10x |
| Short | BingX FET-USDT | 0.2033 | 0.0288 | get 0.0288% / 8h | 4h 29m | — | $6.0M | — |
Deribit FET_USDC-PERPETUAL
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Deribit. 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
- $832.72
- Price spread: +0.197% → −0.005%
- $20.23
- Slippage, 4 orders
- −$33.08
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $802.87
- Costs to cover
- 0.501%
- Break-even
- 0.3 days
Slippage from Deribit: live order book, 29 min ago; BingX: live order book, 5 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 Deribit live order book, 29 min ago | 9.75 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.97 bp | 10.0 bp −$10 | 16.4 bp −$164 | 50.2 bp −$5,021 | 342.7 bp −$171.4K |
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-PERPETUALlong | −0.3677% | 1h | 0.2029 | long leg | $38K | $307K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2028 | −0.049% | $147K | $239K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0453% | 1h | 0.2031 | +0.092% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2029 | −0.014% | $34K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.936% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2029 | −0.001% | $202K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2027 | −0.099% | $31.1M | $113.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2030 | +0.049% | $2.7M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2023 | −0.296% | $30.2M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2027 | −0.099% | $10.7M | $18.9M | 50x | as long as short |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
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 | 0.2028 | −0.042% | $339K | $418K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2028 | −0.049% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2026 | −0.127% | $33K | $252K | 10x | as long as short |
| Hyperliquid FET | +0.0156% | 1h | 0.2032 | +0.138% | $8.8M | $8.5M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2028 | −0.069% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0217% | 4h | 0.2030 | +0.049% | $1.0M | $8.3M | 20x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2027 | −0.099% | $1.7M | $3.2M | 100x | as long as short |
| BingX FET-USDTshort | +0.0288% | 8h | 0.2033 | +0.197% | — | $6.0M | — | |
| Bitget FETUSDT | +0.0298% | 8h | 0.2028 | −0.049% | $16.4M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2023 | −0.276% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
Hyperliquid FET
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BloFin FET-USDT
Bitget FETUSDT
Phoenix FET