Funding you earn now, next payment 23:00 UTC+0.4357%/8h= +477.1% APRpaid last 24h +0.352%
Price spread now: OKX against Deribit+0.099%7-day average +0.003% · 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−$590.586% of the position
Funding, last 6 days (all we have)+0.459%+$46 on $10k
+Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.099%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$131 a day on $10k at the current rate, and OKX is 0.096% dearer against Deribit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.003%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.459% in total (about 29.9% 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 | 0.2016 | −0.4194 | get 0.0524% / 1h | 36m 51s | $27K | $200K | 10x |
| Short | OKX FET-USDT-SWAP | 0.2018 | 0.0162 | get 0.0081% / 4h | 1h 36m | $856K | $7.6M | 20x |
Deribit FET_USDC-PERPETUAL
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $914.91
- Price spread: +0.099% → +0.003%
- $9.61
- Slippage, 4 orders
- −$41.64
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $865.87
- Costs to cover
- 0.586%
- Break-even
- 0.4 days
Slippage from Deribit: live order book, 47 min ago; OKX: live order book, 1 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, 47 min ago | 7.42 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 4.95 bp | 22.2 bp −$22 | 64.9 bp −$649 | doesn't fit | 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 | −0.4194% | 1h | 0.2016 | long leg | $27K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2022 | +0.298% | $152K | $201K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2017 | +0.056% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0053% | 8h | 0.2016 | 0.000% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2018 | +0.099% | $343K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2015 | −0.046% | $31.5M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2015 | −0.050% | $34.6M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2017 | +0.050% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2023 | +0.360% | $275K | $317K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | −0.099% | $37K | $5K | 10x | as long as short |
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2016 | +0.009% | $34K | $190K | 10x | as long as short |
| Hyperliquid FET | +0.0160% | 1h | 0.2018 | +0.089% | $8.9M | $7.9M | 5x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0162% | 4h | 0.2018 | +0.099% | $856K | $7.6M | 20x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2015 | −0.053% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2018 | +0.099% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0299% | 8h | 0.2016 | 0.000% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0315% | 8h | 0.2018 | +0.099% | $16.4M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0359% | 1h | 0.2019 | +0.136% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.298% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2025 | +0.446% | $27K | $36K | 5x | as long as short |
Extended FET-USD
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET