Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.019%
Price spread now: Binance against Injective−1.045%7-day average +0.606% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)+1.810%+$181 · spread now −1.045%, 7d avg +0.606%
=Funding pays, the price is against you. Binance is 1.651% cheaper against Injective than usual: you would sell low and buy high (spread −1.045% now, against its 7-day average of +0.606%). If the spread goes back, that is −$165 on $10k: about 3 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective FET/USDC PERP | 0.2010 | 0.0033 | pay 0.0004% / 1h | 42m 40s | $3K | $166K | 12x |
| Short | Binance FETUSDT | 0.1989 | 0.0100 | get 0.0100% / 8h | 2h 42m | $30.3M | $114.8M | 75x |
Injective FET/USDC PERP
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $14
- Price spread: −1.045% → +0.606%
- −$165.11
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$161.13
- Costs to cover
- 0.100%
- Break-even
- 87.6 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 15 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 15 min ago | 2.52 bp | 9.4 bp −$9 | 26.3 bp −$263 | 123.0 bp −$12.3K | doesn't fit |
Injective: 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-PERPETUAL | −0.3760% | 1h | 0.1987 | −1.144% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1990 | −0.995% | $148K | $258K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1987 | −1.149% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPlong | +0.0033% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.1987 | −1.126% | $190K | $809K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.1989 | −1.045% | $30.3M | $114.8M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.1987 | −1.144% | $2.6M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1988 | −1.095% | $30.0M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1988 | −1.095% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1987 | −1.137% | $273K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Gate FET_USDT
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 | 0.1987 | −1.144% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1988 | −1.094% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0200% | 8h | 0.1989 | −1.045% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1985 | −1.223% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0209% | 8h | 0.1988 | −1.095% | $16.0M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1988 | −1.095% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0379% | 4h | 0.1988 | −1.095% | $982K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0462% | 1h | 0.1988 | −1.078% | $968K | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1991 | −0.955% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0914% | 1h | 0.1991 | −0.945% | $8.5M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET