Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against MEXC−0.397%49s7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.269% of the position
Funding, last 7 days+0.248%+$25 on $10k
+Price spread, last 3 days (all we have)+0.261%+$26 · spread now −0.397%, 7d avg +0.097%
=Funding pays, the price is against you. BloFin is 0.493% cheaper against MEXC than usual: you would sell low and buy high (spread −0.397% now, against its 7-day average of +0.097%). If the spread goes back, that is −$49 on $10k: about 14 days of funding at the current rate (+$4 a day). The two prices were read 49 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 | MEXC FET_USDT | 0.2017 | 0.0100 | pay 0.0100% / 8h | 2h 26m | $35.0M | $25.3M | 200x |
| Short | BloFin FET-USDT | 0.2009 | 0.0220 | get 0.0220% / 8h | 2h 26m | $1.7M | $2.6M | 100x |
MEXC FET_USDT
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $25.2
- Price spread: −0.397% → +0.097%
- −$49.33
- Slippage, 4 orders
- −$14.93
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$51.05
- Costs to cover
- 0.269%
- Break-even
- 21.2 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 2 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 MEXC live order book, 2 min ago | 2.49 bp | 2.5 bp −$2 | 9.7 bp −$97 | 48.7 bp −$4,869 | 186.1 bp −$93.0K |
| Sell BloFin live order book, 2 min ago | 4.97 bp | 11.0 bp −$11 | 19.1 bp −$191 | 103.4 bp −$10.3K | 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 | −0.3697% | 1h | 0.2019 | +0.099% | $27K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +0.248% | $161K | $189K | 50x | as long as short |
| Gate FET_USDT | −0.0044% | 8h | 0.2017 | 0.000% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2018 | +0.038% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2023 | +0.320% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | −0.084% | $347K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2020 | +0.132% | $31.5M | $107.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2021 | +0.198% | $859K | $7.6M | 20x | as long as short |
| MEXC FET_USDTlong | +0.0100% | 8h | 0.2017 | long leg | $35.0M | $25.3M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2019 | +0.099% | $10.4M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
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 | 0.2005 | −0.575% | $271K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2018 | +0.050% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2019 | +0.120% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0169% | 8h | 0.2020 | +0.149% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0184% | 8h | 0.2019 | +0.099% | $16.5M | $11.4M | 75x | as long as short |
| Hyperliquid FET | +0.0197% | 1h | 0.2018 | +0.069% | $9.1M | $7.6M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2018 | +0.045% | $13K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2009 | −0.397% | $1.7M | $2.6M | 100x | |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +0.645% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2009 | −0.416% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
GMX FET/USD [ETH-USDC]
Injective FET/USDC PERP
Phoenix FET