Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRnext payment −$1.88 per $10,000 · paid last 24h −0.008%
Price spread now: Gate against MEXC−0.100%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.100%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.081% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.030% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.88 per $10,000. 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 | 0.2004 | 0.0100 | pay 0.0100% / 8h | 2h 38m | $35.1M | $25.3M | 200x |
| Short | Gate FET_USDT | 0.2002 | −0.0088 | pay 0.0088% / 8h | 2h 38m | $2.7M | $11.8M | 50x |
MEXC FET_USDT
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$39.48
- Price spread: −0.100% → −0.018%
- −$8.13
- Slippage, 4 orders
- −$32.04
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$94.65
- Costs to cover
- 0.470%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 2.49 bp | 2.7 bp −$3 | 11.1 bp −$111 | 54.0 bp −$5,396 | 171.1 bp −$85.6K |
| Sell Gate live order book, 5 min ago | 4.99 bp | 18.7 bp −$19 | 53.2 bp −$532 | 91.9 bp −$9,190 | 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 | −0.3231% | 1h | 0.2004 | 0.000% | $26K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2009 | +0.250% | $160K | $188K | 50x | as long as short |
| Gate FET_USDTshort | −0.0088% | 8h | 0.2002 | −0.100% | $2.7M | $11.8M | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2003 | −0.060% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2006 | +0.087% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2005 | +0.037% | $345K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2004 | 0.000% | $31.3M | $107.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2007 | +0.150% | $854K | $7.5M | 20x | as long as short |
| MEXC FET_USDTlong | +0.0100% | 8h | 0.2004 | long leg | $35.1M | $25.3M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2003 | −0.050% | $10.4M | $19.0M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
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 | 0.2008 | +0.175% | $272K | $316K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2002 | −0.100% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2004 | +0.015% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0123% | 8h | 0.2004 | 0.000% | — | $5.6M | — | as long as short |
| Hyperliquid FET | +0.0138% | 1h | 0.2004 | +0.025% | $9.0M | $7.6M | 5x | as long as short |
| Bitget FETUSDT | +0.0139% | 8h | 0.2007 | +0.150% | $16.4M | $11.4M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2001 | −0.144% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2004 | 0.000% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +1.297% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2011 | +0.364% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Hyperliquid FET
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET