Funding you earn now, next payment 02:00 UTC+0.4778%/8h= +523.2% APRnext payment +$5.97 per $10,000 · paid last 24h +0.460%
Price spread now: Extended against Deribit+0.030%7-day average −0.034% · 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−$46as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 6 days (all we have)+0.569%+$57 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.030%, 7d avg −0.034%
=Together, before fees+0.549%+ Points / potential airdropExtended: Active · farm board+$55 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$143 a day on $10k at the current rate, and Extended is 0.064% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.034%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.569% in total (about 36.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.97 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 | Deribit FET_USDC-PERPETUAL | 0.2021 | −0.4674 | get 0.0584% / 1h | 30m 09s | $29K | $231K | 10x |
| Short | Extended FET-USD | 0.2022 | 0.0104 | get 0.0013% / 1h | 30m 09s | $33K | $247K | 10x |
Deribit FET_USDC-PERPETUAL
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1,003.31
- Price spread: +0.030% → −0.034%
- $6.4
- Slippage, 4 orders
- −$40.3
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $957.41
- Costs to cover
- 0.523%
- Break-even
- 0.3 days
Slippage from Deribit: live order book, 38 min ago; Extended: live order book, 37 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, 38 min ago | 4.87 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 37 min ago | 8.78 bp | 13.6 bp −$14 | 36.3 bp −$363 | doesn't fit | doesn't fit |
FET on 19 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 | −0.4674% | 1h | 0.2021 | long leg | $29K | $231K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2019 | −0.099% | $147K | $216K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0740% | 1h | 0.2026 | +0.265% | $988K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2020 | −0.050% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.544% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2020 | −0.049% | $260K | $718K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2024 | +0.148% | $31.3M | $112.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2022 | +0.049% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2022 | +0.049% | $31.8M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2025 | +0.198% | $10.6M | $19.2M | 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 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2017 | −0.189% | $333K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.049% | $38K | $7K | 10x | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.2022 | +0.030% | $33K | $247K | 10x | |
| OKX FET-USDT-SWAP | +0.0156% | 4h | 0.2026 | +0.247% | $991K | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2019 | −0.099% | $13K | — | 100x | as long as short |
| Hyperliquid FET | +0.0207% | 1h | 0.2026 | +0.233% | $9.0M | $8.3M | 5x | as long as short |
| BingX FET-USDT | +0.0326% | 8h | 0.2024 | +0.148% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0352% | 8h | 0.2026 | +0.247% | $16.3M | $11.8M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2020 | −0.059% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
Phoenix FET