Funding you earn now, next payment 03:00 UTC−0.1088%/8h= −119.1% APRnext payment −$1.36 per $10,000 · paid last 24h −0.052%
Price spread now: Coinbase International against Extended−0.070%7-day average +0.356% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$1551.553% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.070%, 7d avg +0.356%
=Together, before fees−0.081%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Coinbase International is 0.426% cheaper against Extended than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of +0.356%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 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 | Extended FET-USD | 0.2016 | 0.0104 | pay 0.0013% / 1h | 3m 42s | $33K | $250K | 10x |
| Short | Coinbase International FET-PERP-INTX | 0.2015 | −0.0984 | pay 0.0123% / 1h | 3m 42s | $145K | $246K | 50x |
Extended FET-USD
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Extended. 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
- −$228.48
- Price spread: −0.070% → +0.356%
- −$42.6
- Slippage, 4 orders
- −$140.3
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$426.38
- Costs to cover
- 1.553%
- Break-even
- never at this rate
Slippage from Extended: live order book, 53 min ago; Coinbase International: live order book, 54 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 Extended live order book, 53 min ago | 8.03 bp | 15.7 bp −$16 | 119.0 bp −$1,190 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 54 min ago | 9.80 bp | 56.8 bp −$57 | doesn't fit | 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-PERPETUAL | −0.4197% | 1h | 0.2015 | −0.070% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0984% | 1h | 0.2015 | −0.070% | $145K | $246K | 50x | |
| Kraken Futures PF_FETUSD | −0.0456% | 1h | 0.2018 | +0.059% | $995K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2012 | −0.196% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.318% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2014 | −0.118% | $198K | $812K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2019 | +0.128% | $30.9M | $113.2M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2014 | −0.120% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2017 | +0.029% | $31.7M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2016 | −0.020% | $10.6M | $18.8M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
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 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2009 | −0.360% | $336K | $418K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2013 | −0.169% | $38K | $7K | 10x | as long as short |
| Extended FET-USDlong | +0.0104% | 1h | 0.2016 | long leg | $33K | $250K | 10x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2013 | −0.179% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2010 | −0.318% | $1.7M | $3.1M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0249% | 4h | 0.2020 | +0.178% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0257% | 8h | 0.2016 | −0.020% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0263% | 8h | 0.2019 | +0.128% | $16.3M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0284% | 1h | 0.2018 | +0.094% | $8.7M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2017 | +0.019% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET