Funding you earn now, next payment 23:00 UTC−0.3699%/8h= −405.0% APRnext payment −$4.62 per $10,000 · paid last 24h −0.324%
Price spread now: Deribit against gTrade (Gains Network)−0.067%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$111 a day on $10k at the current rate, and Deribit is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) FET/USD | 0.2022 | L +0.0006% / S −0.0012% | pay 0.0001% / 1h | 10m 04s | $32K | — | 150x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2021 | −0.3693 | pay 0.0462% / 1h | 10m 04s | $27K | $200K | 10x |
gTrade (Gains Network) FET/USD
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against gTrade (Gains Network). 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
- −$776.74
- Price spread: −0.067% → 0.000%
- −$6.68
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$800.42
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 8 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 8 min ago | 9.94 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPETUALshort | −0.3693% | 1h | 0.2021 | −0.067% | $27K | $200K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2024 | +0.082% | $151K | $202K | 50x | as long as short |
| gTrade (Gains Network) FET/USDlong | L +0.0006% / S −0.0012% | 1h | 0.2022 | long leg | $32K | — | 150x | |
| Gate FET_USDT | +0.0067% | 8h | 0.2021 | −0.067% | $2.7M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2023 | +0.030% | $344K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2023 | +0.044% | $31.6M | $107.6M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2023 | +0.032% | $34.6M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | −0.017% | $10.5M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2023 | +0.043% | $285K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.116% | $37K | $5K | 10x | as long as short |
Coinbase International FET-PERP-INTX
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 | 0.2021 | −0.088% | $34K | $190K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0184% | 4h | 0.2026 | +0.180% | $879K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2021 | −0.090% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2025 | +0.131% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FET | +0.0252% | 1h | 0.2026 | +0.195% | $8.9M | $7.9M | 5x | as long as short |
| BingX FET-USDT | +0.0317% | 8h | 0.2024 | +0.082% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0330% | 8h | 0.2025 | +0.131% | $16.4M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0358% | 1h | 0.2024 | +0.092% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.611% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2019 | −0.171% | $35K | $36K | 5x | as long as short |
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET