Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against BingX−0.100%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.100%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.089% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FET-USDT | 0.1993 | 0.0190 | pay 0.0190% / 8h | 1h 34m | — | $5.9M | — |
| Short | Gate FET_USDT | 0.1991 | 0.0100 | get 0.0100% / 8h | 1h 34m | $2.6M | $12.8M | 50x |
BingX FET-USDT
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$18.9
- Price spread: −0.100% → −0.012%
- −$8.88
- Slippage, 4 orders
- −$31.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$84
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 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 BingX live order book, 6 min ago | 5.01 bp | 12.6 bp −$13 | 16.7 bp −$167 | 83.2 bp −$8,322 | 413.8 bp −$206.9K |
| Sell Gate live order book, 4 min ago | 5.01 bp | 15.8 bp −$16 | 50.0 bp −$500 | 83.1 bp −$8,313 | 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 | −0.5242% | 1h | 0.1992 | −0.050% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.1997 | +0.201% | $150K | $260K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1989 | −0.225% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.853% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1994 | +0.029% | $189K | $817K | 10x | as long as short |
| Gate FET_USDTshort | +0.0100% | 8h | 0.1991 | −0.100% | $2.6M | $12.8M | 50x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1993 | 0.000% | $10.4M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1991 | −0.093% | $283K | $491K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1990 | −0.151% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1993 | +0.014% | $33K | $201K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0104% | 8h | 0.1992 | −0.050% | $29.1M | $25.2M | 200x | as long as short |
| Binance FETUSDT | +0.0106% | 8h | 0.1993 | 0.000% | $30.4M | $114.9M | 75x | as long as short |
| Bitget FETUSDT | +0.0189% | 8h | 0.1994 | +0.050% | $16.2M | $11.9M | 75x | as long as short |
| BingX FET-USDTlong | +0.0190% | 8h | 0.1993 | long leg | — | $5.9M | — | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1991 | −0.085% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0224% | 8h | 0.1990 | −0.151% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0423% | 4h | 0.1994 | +0.050% | $983K | $8.1M | 20x | as long as short |
| Hyperliquid FET | +0.0582% | 1h | 0.1994 | +0.030% | $8.4M | $8.5M | 5x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.1998 | +0.256% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0651% | 1h | 0.1996 | +0.139% | $1.0M | $2.1M | 50x | as long as short |
MEXC FET_USDT
Binance FETUSDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET
Kraken Futures PF_FETUSD