Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.036%
Price spread now: BloFin against OKX−0.049%63s7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as 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−$710.708% of the position
Funding, last 7 days+0.248%+$25 on $10k
+Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.049%, 7d avg +0.058%
=Funding pays, the price is against you. BloFin is 0.107% cheaper against OKX than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.058%). If the spread goes back, that is −$11 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.248% in total) that is about 3.0 days. The two prices were read 63 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 | OKX FET-USDT-SWAP | 0.2026 | 0.0184 | pay 0.0092% / 4h | 1h 10m | $872K | $7.6M | 20x |
| Short | BloFin FET-USDT | 0.2025 | 0.0220 | get 0.0220% / 8h | 1h 10m | $1.7M | $2.6M | 100x |
OKX FET-USDT-SWAP
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $7.5
- Price spread: −0.049% → +0.058%
- −$10.75
- Slippage, 4 orders
- −$48.81
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.06
- Costs to cover
- 0.708%
- Break-even
- 76.1 days
Slippage from OKX: live order book, 3 min ago; BloFin: 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 | 2.47 bp | 13.0 bp −$13 | 52.6 bp −$526 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 7.43 bp | 20.5 bp −$21 | 31.8 bp −$318 | 140.9 bp −$14.1K | 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 | −0.3693% | 1h | 0.2021 | −0.247% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2024 | −0.099% | $151K | $202K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2022 | −0.180% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0067% | 8h | 0.2020 | −0.296% | $2.7M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2021 | −0.238% | $344K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2023 | −0.150% | $31.6M | $107.6M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2020 | −0.296% | $34.6M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | −0.197% | $10.5M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2023 | −0.137% | $285K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.296% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2021 | −0.268% | $34K | $190K | 10x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0184% | 4h | 0.2026 | long leg | $872K | $7.6M | 20x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2021 | −0.270% | $13K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2025 | −0.049% | $1.7M | $2.6M | 100x | |
| Hyperliquid FET | +0.0249% | 1h | 0.2024 | −0.109% | $8.9M | $7.9M | 5x | as long as short |
| BingX FET-USDT | +0.0317% | 8h | 0.2024 | −0.099% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0330% | 8h | 0.2023 | −0.148% | $16.3M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0358% | 1h | 0.2024 | −0.088% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.790% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2019 | −0.350% | $35K | $36K | 5x | as long as short |
Extended FET-USD
GMX FET/USD [ETH-USDC]
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET