Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.041%
Price spread now: Orderly against Injective+1.990%58s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 1.990% dearer against Injective than usual: you sell high and buy low: +$199 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 18m 09s | $3K | $166K | 12x |
| Short | Orderly PERP_FET_USDC | 0.2050 | 0.0100 | get 0.0100% / 8h | 7h 18m | $38K | $7K | 10x |
Injective FET/USDC PERP
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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: +1.990% → 0.000%
- $199
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $206.98
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
Injective and Orderly: 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 | −0.3632% | 1h | 0.2053 | +2.139% | $29K | $223K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1259% | 1h | 0.2055 | +2.260% | $999K | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2048 | +1.891% | $150K | $214K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2050 | +1.997% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERPlong | +0.0033% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2046 | +1.792% | $339K | $544K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2054 | +2.191% | $32.2M | $110.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2054 | +2.189% | $2.9M | $12.3M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2053 | +2.139% | $34.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2055 | +2.239% | $10.9M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2051 | +2.048% | $361K | $399K | — | as long as short |
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.2050 | +1.990% | $38K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2051 | +2.056% | $34K | $248K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2050 | +1.977% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2047 | +1.841% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0290% | 4h | 0.2054 | +2.189% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0293% | 8h | 0.2054 | +2.189% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0301% | 8h | 0.2054 | +2.189% | $16.6M | $11.6M | 75x | as long as short |
| Hyperliquid FET | +0.0435% | 1h | 0.2057 | +2.343% | $9.2M | $8.3M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2052 | +2.104% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET