Funding you earn now, next payment 10:00 UTC+0.5068%/8h= +555.0% APRpaid last 24h +0.802%
Price spread now: Bitget against Deribit+0.095%7-day average +0.033% · 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−$44as in the Price arb table
costs, in and out, $10k−$500.497% of the position
Funding, last 6 days (all we have)+1.018%+$102 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.095%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$152 a day on $10k at the current rate, and Bitget is 0.062% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.033%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 1.018% in total (about 61.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FET_USDC-PERPETUAL | 0.2097 | −0.4968 | get 0.0621% / 1h | 21m 54s | $33K | $343K | 10x |
| Short | Bitget FETUSDT | 0.2099 | 0.0100 | get 0.0100% / 8h | 6h 21m | $16.8M | $12.4M | 75x |
Deribit FET_USDC-PERPETUAL
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $1,064.33
- Price spread: +0.095% → +0.033%
- $6.19
- Slippage, 4 orders
- −$30.73
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $1,020.79
- Costs to cover
- 0.497%
- Break-even
- 0.3 days
Slippage from Deribit: live order book, 29 min ago; Bitget: 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 | 7.17 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.78 bp | 16.3 bp −$16 | 38.3 bp −$383 | doesn't fit | doesn't fit |
FET on 20 exchanges
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 | −0.4968% | 1h | 0.2097 | long leg | $33K | $343K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0648% | 1h | 0.2100 | +0.143% | $148K | $289K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0017% | 1h | 0.2099 | +0.095% | $1.1M | $1.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2097 | +0.019% | $10K | — | 150x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2099 | +0.076% | $168K | $773K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2099 | +0.079% | $32.4M | $112.6M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2099 | +0.095% | $1.1M | $8.0M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2097 | 0.000% | $3.0M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2098 | +0.048% | $30.6M | $26.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2098 | +0.048% | $11.1M | $17.5M | 50x | as long as short |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDTshort | +0.0100% | 8h | 0.2099 | +0.095% | $16.8M | $12.4M | 75x | |
| BingX FET-USDT | +0.0100% | 8h | 0.2098 | +0.048% | — | $5.7M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2090 | −0.330% | $313K | $572K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2097 | 0.000% | $37K | $11K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2097 | −0.001% | $34K | $209K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0199% / S −0.0277% | 1h | 0.2097 | −0.014% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2096 | −0.048% | $1.8M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0453% | 1h | 0.2098 | +0.052% | $36K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0518% | 1h | 0.2100 | +0.157% | $9.3M | $7.8M | 5x | as long as short |
| Injective FET/USDC PERP | +0.2505% | 1h | 0.2100 | +0.143% | $2K | $166K | 12x | as long as short |
BingX FET-USDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET
Injective FET/USDC PERP