Funding you earn now, next payment 05:00 UTC−0.1252%/8h= −137.1% APRpaid last 24h −0.091%
Price spread now: Coinbase International against MEXC−0.151%7-day average +0.356% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1301.304% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.151%, 7d avg +0.356%
=Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Coinbase International is 0.506% cheaper against MEXC than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of +0.356%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% 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 | MEXC FET_USDT | 0.1993 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $29.5M | $25.1M | 200x |
| Short | Coinbase International FET-PERP-INTX | 0.1990 | −0.1152 | pay 0.0144% / 1h | 22m 03s | $148K | $257K | 50x |
MEXC FET_USDT
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$262.92
- Price spread: −0.151% → +0.356%
- −$50.6
- Slippage, 4 orders
- −$120.42
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$443.95
- Costs to cover
- 1.304%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Coinbase International: live order book, 26 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 | 2.52 bp | 2.5 bp −$3 | 9.1 bp −$91 | 53.1 bp −$5,312 | 192.1 bp −$96.0K |
| Sell Coinbase International live order book, 26 min ago | 10.08 bp | 58.0 bp −$58 | doesn't fit | doesn't fit | 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 | −0.1756% | 1h | 0.1990 | −0.151% | $40K | $311K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.1152% | 1h | 0.1990 | −0.151% | $148K | $257K | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1987 | −0.314% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.853% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1991 | −0.100% | $190K | $810K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1994 | +0.050% | $30.4M | $114.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1989 | −0.201% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDTlong | +0.0100% | 8h | 0.1993 | long leg | $29.5M | $25.1M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1993 | 0.000% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1978 | −0.744% | $271K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate 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 | 0.1989 | −0.201% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1990 | −0.133% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0191% | 8h | 0.1993 | 0.000% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0191% | 8h | 0.1990 | −0.151% | $16.1M | $11.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1986 | −0.332% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1982 | −0.552% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0398% | 4h | 0.1994 | +0.050% | $977K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0461% | 1h | 0.1993 | +0.019% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1977 | −0.803% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0812% | 1h | 0.1993 | +0.015% | $8.4M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET