Funding you earn now, next payment 01:00 UTC−0.1117%/8h= −122.3% APRpaid last 24h −0.039%
Price spread now: Coinbase International against BingX+0.098%7-day average +0.333% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1421.424% of the position
Funding, last 7 days−0.245%−$25 on $10k
+Price spread, last 3 days (all we have)−0.035%−$3 · spread now +0.098%, 7d avg +0.333%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Coinbase International is 0.235% cheaper against BingX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.333%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.245% in total (about -12.8% 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 | BingX FET-USDT | 0.2039 | 0.0357 | pay 0.0357% / 8h | 6h 04m | — | $6.0M | — |
| Short | Coinbase International FET-PERP-INTX | 0.2041 | −0.0760 | pay 0.0095% / 1h | 4m 10s | $148K | $220K | 50x |
BingX FET-USDT
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- −$234.57
- Price spread: +0.098% → +0.333%
- −$23.47
- Slippage, 4 orders
- −$122.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$400.44
- Costs to cover
- 1.424%
- Break-even
- never at this rate
Slippage from BingX: live order book, 16 min ago; Coinbase International: live order book, 64 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 BingX live order book, 16 min ago | 4.93 bp | 10.4 bp −$10 | 15.9 bp −$159 | 77.5 bp −$7,746 | 414.8 bp −$207.4K |
| Sell Coinbase International live order book, 64 min ago | 7.30 bp | 57.1 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
FET on 19 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 | −0.4147% | 1h | 0.2038 | −0.049% | $30K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0760% | 1h | 0.2041 | +0.098% | $148K | $220K | 50x | |
| Kraken Futures PF_FETUSD | −0.0735% | 1h | 0.2041 | +0.097% | $996K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2039 | −0.021% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.422% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2038 | −0.049% | $261K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2040 | +0.070% | $31.8M | $112.1M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2037 | −0.098% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2037 | −0.098% | $31.2M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2039 | 0.000% | $10.7M | $18.9M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2039 | +0.007% | $337K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2037 | −0.098% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2039 | −0.023% | $33K | $250K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2038 | −0.060% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0236% | 4h | 0.2040 | +0.049% | $1.0M | $8.1M | 20x | as long as short |
| BingX FET-USDTlong | +0.0357% | 8h | 0.2039 | long leg | — | $6.0M | — | |
| Bitget FETUSDT | +0.0382% | 8h | 0.2040 | +0.049% | $16.5M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0474% | 1h | 0.2040 | +0.044% | $9.0M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2035 | −0.177% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Bitget FETUSDT
Hyperliquid FET
Phoenix FET