Funding you earn now, next payment 00:00 UTC+0.0259%/8h= +28.4% APRnext payment +$2.59 per $10,000 · paid last 24h +0.008%
Price spread now: Bitget against Gate+0.245%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days−0.235%−$23 · spread now +0.245%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.216% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.029%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.59 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 | Gate FET_USDT | 0.2041 | 0.0076 | pay 0.0076% / 8h | 1h 02m | $2.8M | $12.1M | 50x |
| Short | Bitget FETUSDT | 0.2046 | 0.0335 | get 0.0335% / 8h | 1h 02m | $16.5M | $11.5M | 75x |
Gate FET_USDT
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $54.39
- Price spread: +0.245% → +0.029%
- $21.61
- Slippage, 4 orders
- −$31.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $17.88
- Costs to cover
- 0.581%
- Break-even
- 4.7 days
Slippage from Gate: live order book, 1 min ago; Bitget: 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 Gate live order book, 1 min ago | 2.45 bp | 16.5 bp −$16 | 39.1 bp −$391 | 55.3 bp −$5,529 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.45 bp | 12.5 bp −$13 | 30.4 bp −$304 | 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 | −0.2684% | 1h | 0.2039 | −0.098% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2040 | −0.049% | $152K | $204K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2039 | −0.092% | $32K | — | 150x | as long as short |
| Gate FET_USDTlong | +0.0076% | 8h | 0.2041 | long leg | $2.8M | $12.1M | 50x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2042 | +0.035% | $341K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2043 | +0.098% | $32.0M | $107.8M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2042 | +0.049% | $35.0M | $25.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2043 | +0.098% | $10.6M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2029 | −0.577% | $285K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2039 | −0.098% | $38K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
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 | 0.2043 | +0.078% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2038 | −0.133% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2040 | −0.049% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0227% | 4h | 0.2048 | +0.343% | $981K | $7.8M | 20x | as long as short |
| BingX FET-USDT | +0.0317% | 8h | 0.2044 | +0.147% | — | $5.6M | — | as long as short |
| Hyperliquid FET | +0.0332% | 1h | 0.2046 | +0.222% | $9.0M | $7.9M | 5x | as long as short |
| Bitget FETUSDTshort | +0.0335% | 8h | 0.2046 | +0.245% | $16.5M | $11.5M | 75x | |
| Kraken Futures PF_FETUSD | +0.0355% | 1h | 0.2044 | +0.126% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −1.519% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2029 | −0.563% | $35K | $36K | 5x | as long as short |
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Hyperliquid FET
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET