Funding you earn now, next payment 00:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.87 per $10,000 · paid last 24h +0.008%
Price spread now: Binance against Gate+0.110%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days−0.141%−$14 · spread now +0.110%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.073% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FET_USDT | 0.2011 | 0.0013 | pay 0.0013% / 8h | 1h 55m | $2.7M | $11.8M | 50x |
| Short | Binance FETUSDT | 0.2013 | 0.0100 | get 0.0100% / 8h | 1h 55m | $31.4M | $107.3M | 75x |
Gate FET_USDT
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $18.27
- Price spread: +0.110% → +0.038%
- $7.25
- Slippage, 4 orders
- −$29.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.27
- Costs to cover
- 0.548%
- Break-even
- 18.2 days
Slippage from Gate: live order book, 3 min ago; Binance: live order book, 2 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 Gate live order book, 3 min ago | 4.99 bp | 14.8 bp −$15 | 43.4 bp −$434 | 62.7 bp −$6,271 | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.49 bp | 9.6 bp −$10 | 20.2 bp −$202 | 120.3 bp −$12.0K | 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 | −0.4701% | 1h | 0.2010 | −0.050% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2010 | −0.050% | $158K | $190K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2011 | +0.008% | $32K | — | 150x | as long as short |
| Gate FET_USDTlong | +0.0013% | 8h | 0.2011 | long leg | $2.7M | $11.8M | 50x | |
| Hyperliquid FET | +0.0100% | 1h | 0.2014 | +0.144% | $8.9M | $7.8M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2010 | −0.029% | $341K | $533K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.2013 | +0.110% | $31.4M | $107.3M | 75x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2013 | +0.099% | $34.7M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2011 | 0.000% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1999 | −0.575% | $271K | $316K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Hyperliquid FET
Aster 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 | −0.149% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2012 | +0.035% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0136% | 4h | 0.2015 | +0.199% | $856K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2009 | −0.084% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2009 | −0.099% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0247% | 8h | 0.2013 | +0.099% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0270% | 8h | 0.2014 | +0.149% | $16.4M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0360% | 1h | 0.2013 | +0.115% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2006 | −0.234% | $27K | $36K | 5x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.050% | $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