Funding you earn now, next payment 01:00 UTC+0.2272%/8h= +248.8% APRpaid last 24h +0.409%
Price spread now: MEXC against Deribit0.000%7-day average −0.039% · 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−$22as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 6 days (all we have)+0.534%+$53 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now 0.000%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$68 a day on $10k at the current rate, and MEXC is 0.039% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.534% in total (about 34.3% 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 | 0.2059 | −0.2172 | get 0.0272% / 1h | 38m 45s | $40K | $212K | 10x |
| Short | MEXC FET_USDT | 0.2059 | 0.0100 | get 0.0100% / 8h | 7h 38m | $34.8M | $24.8M | 200x |
Deribit FET_USDC-PERPETUAL
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $477.22
- Price spread: 0.000% → −0.039%
- $3.9
- Slippage, 4 orders
- −$18.46
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $455.66
- Costs to cover
- 0.255%
- Break-even
- 0.3 days
Slippage from Deribit: live order book, 35 min ago; MEXC: 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, 35 min ago | 4.90 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.44 bp | 4.7 bp −$5 | 11.8 bp −$118 | 56.4 bp −$5,644 | 203.2 bp −$101.6K |
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 | −0.2172% | 1h | 0.2059 | long leg | $40K | $212K | 10x | |
| Kraken Futures PF_FETUSD | −0.1256% | 1h | 0.2060 | +0.073% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2063 | +0.194% | $153K | $209K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2059 | +0.005% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.380% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2058 | −0.071% | $342K | $542K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2060 | +0.064% | $32.1M | $109.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2057 | −0.097% | $2.8M | $12.0M | 50x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2059 | 0.000% | $34.8M | $24.8M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2060 | +0.049% | $10.8M | $19.2M | 50x | as long as short |
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate 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 | 0.2055 | −0.185% | $361K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2058 | −0.049% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2060 | +0.051% | $34K | $232K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2059 | −0.015% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2058 | −0.049% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2059 | 0.000% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0302% | 8h | 0.2060 | +0.049% | $16.6M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0304% | 4h | 0.2063 | +0.194% | $1.0M | $8.0M | 20x | as long as short |
| Hyperliquid FET | +0.0328% | 1h | 0.2060 | +0.034% | $9.2M | $8.1M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2059 | −0.010% | $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
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET