Funding you earn now, next payment 06:00 UTC−0.2359%/8h= −258.3% APRpaid last 24h −0.656%
Price spread now: Deribit against MEXC−0.101%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 6 days (all we have)−0.812%−$81 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.101%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$71 a day on $10k at the current rate, and Deribit is 0.133% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.812% in total (about -50.2% 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 | 0.1990 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $29.5M | $25.1M | 200x |
| Short | Deribit FET_USDC-PERPETUAL | 0.1988 | −0.2259 | pay 0.0282% / 1h | 21m 11s | $40K | $311K | 10x |
MEXC FET_USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$495.34
- Price spread: −0.101% → +0.033%
- −$13.35
- Slippage, 4 orders
- −$16.18
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$531.87
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Deribit: live order book, 27 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, 3 min ago | 2.52 bp | 2.5 bp −$3 | 9.1 bp −$91 | 53.1 bp −$5,312 | 192.1 bp −$96.0K |
| Sell Deribit live order book, 27 min ago | 5.03 bp | 8.5 bp −$9 | 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-PERPETUALshort | −0.2259% | 1h | 0.1988 | −0.101% | $40K | $311K | 10x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1995 | +0.251% | $149K | $258K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1990 | −0.015% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.005% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1991 | +0.050% | $190K | $810K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1989 | −0.050% | $30.3M | $114.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1987 | −0.151% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDTlong | +0.0100% | 8h | 0.1990 | long leg | $29.5M | $25.1M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1990 | 0.000% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1978 | −0.594% | $271K | $479K | — | as long as short |
Coinbase International FET-PERP-INTX
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 | 0.1988 | −0.101% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1989 | −0.027% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0191% | 8h | 0.1990 | 0.000% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0192% | 8h | 0.1991 | +0.050% | $16.1M | $11.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1988 | −0.087% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1992 | +0.101% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0400% | 4h | 0.1991 | +0.050% | $975K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0461% | 1h | 0.1991 | +0.075% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1977 | −0.653% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0812% | 1h | 0.1992 | +0.116% | $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