Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.018%
Price spread now: Injective against Orderly+1.413%58s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Injective is 1.413% dearer against Orderly than usual: you sell high and buy low (spread +1.413% now, against zero (this spread has no 7-day history yet)): +$141 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 58 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 | Orderly PERP_FET_USDC | 0.1982 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $37K | $7K | 10x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 40m 06s | $3K | $166K | 12x |
Orderly PERP_FET_USDC
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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
- −$14
- Price spread: +1.413% → 0.000%
- $141.27
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $121.25
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: 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 | −0.3266% | 1h | 0.1984 | +0.101% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1982 | 0.000% | $147K | $257K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1982 | +0.017% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | +1.413% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.1982 | 0.000% | $190K | $809K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1983 | +0.075% | $30.2M | $114.8M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1981 | −0.050% | $2.6M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1983 | +0.050% | $29.8M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1982 | 0.000% | $10.4M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1985 | +0.160% | $273K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
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_USDClong | +0.0100% | 8h | 0.1982 | long leg | $37K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.1983 | +0.051% | $33K | $198K | 10x | as long as short |
| BingX FET-USDT | +0.0199% | 8h | 0.1984 | +0.101% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1981 | −0.029% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0205% | 8h | 0.1984 | +0.101% | $16.0M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1983 | +0.050% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0362% | 4h | 0.1983 | +0.050% | $976K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0463% | 1h | 0.1984 | +0.104% | $966K | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1991 | +0.444% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0890% | 1h | 0.1985 | +0.151% | $8.4M | $8.4M | 5x | as long as short |
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET