Funding you earn now, next payment 03:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.017%
Price spread now: BloFin against Injective+1.194%7-day average +0.992% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.648%−$65 · spread now +1.194%, 7d avg +0.992%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.202% dearer against Injective than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.992%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% 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 | Injective FET/USDC PERP | 0.2010 | 0.0033 | pay 0.0004% / 1h | 41m 19s | $3K | $166K | 12x |
| Short | BloFin FET-USDT | 0.2034 | 0.0220 | get 0.0220% / 8h | 5h 41m | $1.7M | $2.9M | 100x |
Injective FET/USDC PERP
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $39.2
- Price spread: +1.194% → +0.992%
- $20.22
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $47.4
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago | 4.92 bp | 20.5 bp −$21 | 33.6 bp −$336 | 86.0 bp −$8,597 | 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 | −0.3677% | 1h | 0.2029 | +0.945% | $30K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2033 | +1.144% | $149K | $221K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2024 | +0.713% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERPlong | +0.0033% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2025 | +0.752% | $258K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2026 | +0.820% | $31.4M | $111.4M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2024 | +0.697% | $2.7M | $12.2M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2025 | +0.746% | $30.3M | $24.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2026 | +0.796% | $10.6M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2024 | +0.704% | $334K | $420K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance 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 | 0.2023 | +0.647% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2023 | +0.645% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0115% | 1h | 0.2031 | +1.050% | $987K | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2024 | +0.692% | $14K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2034 | +1.194% | $1.7M | $2.9M | 100x | |
| OKX FET-USDT-SWAP | +0.0249% | 4h | 0.2027 | +0.846% | $1.0M | $8.1M | 20x | as long as short |
| BingX FET-USDT | +0.0384% | 8h | 0.2027 | +0.846% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0407% | 8h | 0.2027 | +0.846% | $16.5M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2024 | +0.672% | $35K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0723% | 1h | 0.2028 | +0.871% | $8.9M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET
Hyperliquid FET