Funding you earn now, next payment 00:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.008%
Price spread now: OKX against Gate0.000%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$720.719% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now 0.000%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% 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 | 0.2014 | −0.0124 | get 0.0124% / 8h | 2h 54m | $2.8M | $11.7M | 50x |
| Short | OKX FET-USDT-SWAP | 0.2014 | 0.0100 | get 0.0050% / 4h | 2h 54m | $883K | $7.5M | 20x |
Gate FET_USDT
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $47.04
- Price spread: 0.000% → −0.005%
- $0.54
- Slippage, 4 orders
- −$46.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$24.3
- Costs to cover
- 0.719%
- Break-even
- 10.6 days
Slippage from Gate: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 4.97 bp | 20.2 bp −$20 | 49.1 bp −$491 | 66.7 bp −$6,671 | 127.1 bp −$63.5K |
| Sell OKX live order book, 3 min ago | 4.97 bp | 17.6 bp −$18 | 65.3 bp −$653 | 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 | −0.2700% | 1h | 0.2028 | +0.695% | $16K | $219K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2030 | +0.794% | $162K | $190K | 50x | as long as short |
| Gate FET_USDTlong | −0.0124% | 8h | 0.2014 | long leg | $2.8M | $11.7M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2028 | +0.684% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2031 | +0.824% | $1.1M | $2.1M | 50x | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2027 | +0.645% | $38K | $5K | 10x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2024 | +0.521% | $9.1M | $7.6M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2020 | +0.292% | $348K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2020 | +0.293% | $31.5M | $107.0M | 75x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0100% | 4h | 0.2014 | 0.000% | $883K | $7.5M | 20x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Orderly PERP_FET_USDC
Hyperliquid FET
Aster FETUSDT
Binance FETUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0100% | 8h | 0.2019 | +0.248% | $36.2M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2019 | +0.248% | $10.5M | $18.9M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2017 | +0.149% | $16.5M | $11.4M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2015 | +0.050% | — | $5.6M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2021 | +0.372% | $274K | $315K | — | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2020 | +0.283% | $32K | $144K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2027 | +0.654% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2026 | +0.596% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +0.794% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0395% | 1h | 0.2013 | −0.050% | $27K | $37K | 5x | as long as short |
MEXC FET_USDT
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET