Funding you earn now, next payment 02:00 UTC−0.4031%/8h= −441.4% APRpaid last 24h −0.477%
Price spread now: Deribit against BingX−0.049%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 6 days (all we have)−0.639%−$64 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.049%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$121 a day on $10k at the current rate, and Deribit is 0.057% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.639% in total (about -40.6% 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 | 0.2035 | 0.0363 | pay 0.0363% / 8h | 6h 01m | — | $6.0M | — |
| Short | Deribit FET_USDC-PERPETUAL | 0.2034 | −0.3668 | pay 0.0458% / 1h | 1m 56s | $30K | $230K | 10x |
BingX FET-USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$846.45
- Price spread: −0.049% → +0.008%
- −$5.69
- Slippage, 4 orders
- −$24.04
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$893.18
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Deribit: live order book, 2 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, 3 min ago | 4.90 bp | 9.9 bp −$10 | 14.6 bp −$146 | 63.6 bp −$6,361 | 374.7 bp −$187.4K |
| Sell Deribit live order book, 2 min ago | 4.92 bp | 8.4 bp −$8 | 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-PERPETUALshort | −0.3668% | 1h | 0.2034 | −0.049% | $30K | $230K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2041 | +0.295% | $148K | $220K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0736% | 1h | 0.2037 | +0.095% | $994K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2034 | −0.072% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.229% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2035 | +0.015% | $260K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2033 | −0.098% | $31.6M | $111.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2032 | −0.147% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2032 | −0.147% | $31.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2034 | −0.049% | $10.6M | $18.9M | 50x | as long as short |
Coinbase International FET-PERP-INTX
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 | +0.204% | $337K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2033 | −0.098% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2033 | −0.076% | $33K | $250K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2033 | −0.088% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0246% | 4h | 0.2035 | 0.000% | $1.0M | $8.1M | 20x | as long as short |
| BingX FET-USDTlong | +0.0363% | 8h | 0.2035 | long leg | — | $6.0M | — | |
| Bitget FETUSDT | +0.0385% | 8h | 0.2035 | 0.000% | $16.5M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2042 | +0.329% | $36K | $43K | 5x | as long as short |
| Hyperliquid FET | +0.0481% | 1h | 0.2035 | 0.000% | $9.0M | $8.4M | 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
Phoenix FET
Hyperliquid FET