Funding you earn now, next payment 09:00 UTC−0.3178%/8h= −348.0% APRpaid last 24h −0.775%
Price spread now: Deribit against OKX0.000%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$550.547% of the position
Funding, last 6 days (all we have)−0.950%−$95 on $10k
+Price spread, last 4 days (all we have)−0.271%−$27 · spread now 0.000%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$95 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.950% in total (about -57.4% 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 | OKX FET-USDT-SWAP | 0.2100 | 0.0106 | pay 0.0053% / 4h | 3h 04m | $1.1M | $8.0M | 20x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2100 | −0.3072 | pay 0.0384% / 1h | 4m 58s | $43K | $312K | 10x |
OKX FET-USDT-SWAP
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$667.43
- Price spread: 0.000% → −0.018%
- $1.84
- Slippage, 4 orders
- −$37.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$720.24
- Costs to cover
- 0.547%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 29 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 | 2.38 bp | 22.8 bp −$23 | 71.6 bp −$716 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 29 min ago | 7.37 bp | 10.9 bp −$11 | 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 | −0.3072% | 1h | 0.2100 | 0.000% | $43K | $312K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2102 | +0.095% | $144K | $287K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0293% | 1h | 0.2102 | +0.114% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2099 | −0.071% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | 0.000% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2100 | −0.016% | $191K | $765K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2098 | −0.095% | $2.9M | $12.6M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2100 | 0.000% | $11.0M | $17.7M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2100 | +0.007% | $306K | $577K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2098 | −0.095% | $37K | $12K | 10x | as long as short |
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 | +0.0101% | 8h | 0.2101 | +0.048% | $17.3M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0106% | 4h | 0.2100 | long leg | $1.1M | $8.0M | 20x | |
| Binance FETUSDT | +0.0111% | 8h | 0.2099 | −0.044% | $32.1M | $111.7M | 75x | as long as short |
| Extended FET-USD | +0.0112% | 1h | 0.2098 | −0.085% | $32K | $203K | 10x | as long as short |
| MEXC FET_USDT | +0.0113% | 8h | 0.2098 | −0.095% | $30.6M | $25.7M | 200x | as long as short |
| BingX FET-USDT | +0.0119% | 8h | 0.2099 | −0.048% | — | $5.6M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0203% / S −0.0301% | 1h | 0.2099 | −0.054% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0231% | 8h | 0.2101 | +0.048% | $1.7M | $3.4M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2102 | +0.110% | $36K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0767% | 1h | 0.2102 | +0.086% | $9.2M | $7.8M | 5x | as long as short |
Bitget FETUSDT
Binance FETUSDT
Extended FET-USD
MEXC FET_USDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Hyperliquid FET