Funding you earn now, next payment 23:00 UTC+0.4716%/8h= +516.5% APRpaid last 24h +0.305%
Price spread now: Gate against Deribit0.000%7-day average −0.061% · 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−$49as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 6 days (all we have)+0.417%+$42 on $10k
+Price spread, last 3 days (all we have)+0.081%+$8 · spread now 0.000%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$141 a day on $10k at the current rate, and Gate is 0.061% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.061%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.417% in total (about 27.2% 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 | 0.2010 | −0.4701 | get 0.0588% / 1h | 55m 39s | $27K | $200K | 10x |
| Short | Gate FET_USDT | 0.2010 | 0.0016 | get 0.0016% / 8h | 1h 55m | $2.7M | $11.8M | 50x |
Deribit FET_USDC-PERPETUAL
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $990.47
- Price spread: 0.000% → −0.061%
- $6.05
- Slippage, 4 orders
- −$32.76
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $941.75
- Costs to cover
- 0.548%
- Break-even
- 0.3 days
Slippage from Deribit: live order book, 28 min ago; Gate: 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 Deribit live order book, 28 min ago | 7.42 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 4.99 bp | 18.1 bp −$18 | 48.5 bp −$485 | 87.4 bp −$8,744 | 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-PERPETUALlong | −0.4701% | 1h | 0.2010 | long leg | $27K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2010 | 0.000% | $158K | $190K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2011 | +0.058% | $32K | — | 150x | as long as short |
| Gate FET_USDTshort | +0.0016% | 8h | 0.2010 | 0.000% | $2.7M | $11.8M | 50x | |
| Hyperliquid FET | +0.0100% | 1h | 0.2014 | +0.194% | $8.9M | $7.8M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2011 | +0.050% | $341K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2013 | +0.137% | $31.4M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2012 | +0.100% | $34.7M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2012 | +0.100% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1999 | −0.526% | $271K | $316K | — | as long as short |
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2008 | −0.100% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2012 | +0.083% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0136% | 4h | 0.2015 | +0.249% | $856K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2009 | −0.034% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2009 | −0.050% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0247% | 8h | 0.2013 | +0.149% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0273% | 8h | 0.2015 | +0.249% | $16.4M | $11.3M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0360% | 1h | 0.2013 | +0.165% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2006 | −0.184% | $27K | $36K | 5x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | 0.000% | $3K | $166K | 12x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Phoenix FET
Injective FET/USDC PERP