Funding you earn now, next payment 12:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.021%
Price spread now: Binance against OKX−0.023%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$610.605% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 7 days+0.150%+$15 · spread now −0.023%, 7d avg +0.038%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.060% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FET-USDT-SWAP | 0.2041 | 0.0219 | pay 0.0109% / 4h | 3h 40m | $1.0M | $8.0M | 20x |
| Short | Binance FETUSDT | 0.2041 | 0.0136 | get 0.0136% / 8h | 7h 40m | $31.2M | $111.9M | 75x |
OKX FET-USDT-SWAP
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$17.28
- Price spread: −0.023% → +0.038%
- −$6.03
- Slippage, 4 orders
- −$40.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$83.81
- Costs to cover
- 0.605%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Binance: live order book, 3 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 OKX live order book, 3 min ago | 2.46 bp | 25.6 bp −$26 | 72.0 bp −$720 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.46 bp | 9.6 bp −$10 | 22.2 bp −$222 | 128.0 bp −$12.8K | 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 | −0.2197% | 1h | 0.2038 | −0.147% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2035 | −0.294% | $143K | $272K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0302% | 1h | 0.2042 | +0.025% | $1.0M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2036 | −0.223% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.519% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2040 | −0.049% | $189K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2039 | −0.098% | $2.8M | $12.1M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2040 | −0.049% | $10.5M | $17.7M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2034 | −0.335% | $288K | $555K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2037 | −0.196% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0115% | 8h | 0.2042 | +0.049% | $16.7M | $11.7M | 75x | as long as short |
| Extended FET-USD | +0.0136% | 1h | 0.2039 | −0.076% | $30K | $202K | 10x | as long as short |
| MEXC FET_USDT | +0.0136% | 8h | 0.2041 | 0.000% | $30.3M | $25.1M | 200x | as long as short |
| Binance FETUSDTshort | +0.0136% | 8h | 0.2041 | −0.023% | $31.2M | $111.9M | 75x | |
| BingX FET-USDT | +0.0138% | 8h | 0.2041 | 0.000% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0301% | 1h | 0.2035 | −0.299% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0219% | 4h | 0.2041 | long leg | $1.0M | $8.0M | 20x | |
| BloFin FET-USDT | +0.0256% | 8h | 0.2034 | −0.343% | $1.7M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2037 | −0.181% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0824% | 1h | 0.2043 | +0.093% | $8.6M | $8.5M | 5x | as long as short |
Bitget FETUSDT
Extended FET-USD
MEXC FET_USDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET