Funding you earn now, next payment 00:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.008%
Price spread now: Gate against OKX−0.248%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$730.725% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 7 days+0.237%+$24 · spread now −0.248%, 7d avg +0.004%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.251% cheaper against OKX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FET-USDT-SWAP | 0.2020 | 0.0137 | pay 0.0068% / 4h | 1h 54m | $858K | $7.6M | 20x |
| Short | Gate FET_USDT | 0.2015 | 0.0016 | get 0.0016% / 8h | 1h 54m | $2.7M | $11.8M | 50x |
OKX FET-USDT-SWAP
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$25.34
- Price spread: −0.248% → +0.004%
- −$25.14
- Slippage, 4 orders
- −$47.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$122.98
- Costs to cover
- 0.725%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 4 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 | 4.97 bp | 19.6 bp −$20 | 60.2 bp −$602 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.99 bp | 18.1 bp −$18 | 48.5 bp −$485 | 87.4 bp −$8,744 | 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 | −0.4693% | 1h | 0.2013 | −0.347% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2019 | −0.050% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2013 | −0.363% | $32K | — | 150x | as long as short |
| Gate FET_USDTshort | +0.0016% | 8h | 0.2015 | −0.248% | $2.7M | $11.8M | 50x | |
| Hyperliquid FET | +0.0100% | 1h | 0.2018 | −0.094% | $8.9M | $7.8M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2017 | −0.149% | $341K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2018 | −0.110% | $31.5M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2016 | −0.198% | $34.8M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2016 | −0.198% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | −0.380% | $273K | $316K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
MEXC 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 | 0.2011 | −0.446% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | −0.215% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0137% | 4h | 0.2020 | long leg | $858K | $7.6M | 20x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2011 | −0.442% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2013 | −0.347% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0247% | 8h | 0.2016 | −0.198% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0273% | 8h | 0.2018 | −0.099% | $16.4M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0359% | 1h | 0.2020 | +0.003% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2006 | −0.678% | $27K | $36K | 5x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.495% | $3K | $166K | 12x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Phoenix FET
Injective FET/USDC PERP