Funding you earn now, next payment 03:00 UTC−0.3241%/8h= −354.9% APRpaid last 24h −0.508%
Price spread now: Deribit against Gate−0.097%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 6 days (all we have)−0.657%−$66 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.097%, 7d avg +0.062%
=Both sides work against this trade now: funding costs −$97 a day on $10k at the current rate, and Deribit is 0.159% cheaper against Gate than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.062%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.657% in total (about -41.5% 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 | Gate FET_USDT | 0.2059 | 0.0100 | pay 0.0100% / 8h | 5h 17m | $2.8M | $12.5M | 50x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2057 | −0.3141 | pay 0.0393% / 1h | 17m 52s | $39K | $294K | 10x |
Gate FET_USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$680.71
- Price spread: −0.097% → +0.062%
- −$15.88
- Slippage, 4 orders
- −$31.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$750.57
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 46 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 | 4.86 bp | 17.6 bp −$18 | 42.7 bp −$427 | 56.7 bp −$5,668 | 113.7 bp −$56.9K |
| Sell Deribit live order book, 46 min ago | 4.92 bp | 8.4 bp −$8 | 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-PERPETUALshort | −0.3141% | 1h | 0.2057 | −0.097% | $39K | $294K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2060 | +0.049% | $152K | $232K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2057 | −0.076% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.380% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2059 | −0.005% | $215K | $771K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2060 | +0.052% | $32.0M | $112.2M | 75x | as long as short |
| Gate FET_USDTlong | +0.0100% | 8h | 0.2059 | long leg | $2.8M | $12.5M | 50x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2059 | 0.000% | $30.8M | $24.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2060 | +0.049% | $10.8M | $18.9M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2063 | +0.200% | $346K | $424K | — | as long as short |
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance 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 | 0.2057 | −0.097% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2059 | −0.004% | $34K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0113% | 1h | 0.2060 | +0.041% | $1.0M | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2057 | −0.081% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2061 | +0.097% | $1.7M | $3.0M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0264% | 4h | 0.2061 | +0.097% | $1.1M | $8.3M | 20x | as long as short |
| BingX FET-USDT | +0.0385% | 8h | 0.2061 | +0.097% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0403% | 8h | 0.2061 | +0.097% | $16.8M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0579% | 1h | 0.2061 | +0.083% | $9.0M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2065 | +0.287% | $36K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET