Funding you earn now, next payment 23:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.036%
Price spread now: Gate against Injective0.000%54s7-day average +0.528% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.262%−$26 on $10k
+Price spread, last 3 days (all we have)+0.570%+$57 · spread now 0.000%, 7d avg +0.528%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.528% cheaper against Injective than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of +0.528%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.262% in total (about -13.7% 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 | 0.0553 | pay 0.0069% / 1h | 56m 20s | $3K | $166K | 12x |
| Short | Gate FET_USDT | 0.2010 | 0.0013 | get 0.0013% / 8h | 1h 56m | $2.7M | $11.8M | 50x |
Injective FET/USDC PERP
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$113.35
- Price spread: 0.000% → +0.528%
- −$52.8
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$181.16
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Gate: 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 Gate live order book, 2 min ago | 4.99 bp | 18.1 bp −$18 | 48.5 bp −$485 | 87.4 bp −$8,744 | 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 | −0.4212% | 1h | 0.2008 | −0.100% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2010 | 0.000% | $158K | $190K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2011 | +0.058% | $32K | — | 150x | as long as short |
| Gate FET_USDTshort | +0.0013% | 8h | 0.2010 | 0.000% | $2.7M | $11.8M | 50x | |
| Hyperliquid FET | +0.0100% | 1h | 0.2014 | +0.184% | $8.9M | $7.8M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2011 | +0.062% | $341K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2011 | +0.050% | $31.4M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2010 | 0.000% | $34.7M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2012 | +0.100% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1999 | −0.526% | $271K | $316K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Hyperliquid FET
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 | 0.2008 | −0.100% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2014 | +0.219% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0131% | 4h | 0.2014 | +0.199% | $857K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2009 | −0.034% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2009 | −0.050% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0247% | 8h | 0.2011 | +0.050% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0270% | 8h | 0.2013 | +0.149% | $16.4M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0360% | 1h | 0.2012 | +0.092% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2006 | −0.184% | $27K | $36K | 5x | as long as short |
| Injective FET/USDC PERPlong | +0.0553% | 1h | 0.2010 | long leg | $3K | $166K | 12x |
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Phoenix FET