Funding you earn now, next payment 12:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.023%
Price spread now: Orderly against OKX−0.098%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.098% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FET-USDT-SWAP | 0.2037 | 0.0214 | pay 0.0107% / 4h | 3h 38m | $1.0M | $8.0M | 20x |
| Short | Orderly PERP_FET_USDC | 0.2035 | 0.0100 | get 0.0100% / 8h | 7h 38m | $36K | $11K | 10x |
OKX FET-USDT-SWAP
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$23.93
- Price spread: −0.098% → 0.000%
- −$9.82
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.75
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
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, 4 min ago | 2.46 bp | 25.6 bp −$26 | 72.0 bp −$720 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.2200% | 1h | 0.2036 | −0.049% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2037 | 0.000% | $143K | $272K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0303% | 1h | 0.2036 | −0.030% | $1.0M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2036 | −0.072% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.325% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2035 | −0.115% | $189K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2034 | −0.147% | $2.8M | $12.1M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2036 | −0.049% | $10.5M | $17.7M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2034 | −0.139% | $288K | $555K | — | as long as short |
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.2035 | −0.098% | $36K | $11K | 10x |
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 FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0114% | 8h | 0.2035 | −0.098% | $16.6M | $11.7M | 75x | as long as short |
| Binance FETUSDT | +0.0136% | 8h | 0.2036 | −0.038% | $31.1M | $111.9M | 75x | as long as short |
| Extended FET-USD | +0.0136% | 1h | 0.2035 | −0.087% | $30K | $202K | 10x | as long as short |
| MEXC FET_USDT | +0.0136% | 8h | 0.2036 | −0.049% | $30.2M | $25.1M | 200x | as long as short |
| BingX FET-USDT | +0.0138% | 8h | 0.2036 | −0.049% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0301% | 1h | 0.2035 | −0.116% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0214% | 4h | 0.2037 | long leg | $1.0M | $8.0M | 20x | |
| BloFin FET-USDT | +0.0256% | 8h | 0.2035 | −0.098% | $1.7M | $3.3M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2037 | +0.015% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0828% | 1h | 0.2037 | −0.020% | $8.6M | $8.4M | 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