Funding you earn now, next payment 08:00 UTC−0.0205%/8h= −22.4% APRnext payment −$2.05 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.150%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 7 days+0.098%+$10 · spread now −0.150%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.158% cheaper against Bitget than usual: you would sell low and buy high (−$16 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 7 days it paid -0.082% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.05 per $10,000. 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 | Bitget FETUSDT | 0.2057 | 0.0305 | pay 0.0305% / 8h | 7h 57m | $16.6M | $11.6M | 75x |
| Short | Binance FETUSDT | 0.2054 | 0.0100 | get 0.0100% / 8h | 7h 57m | $32.1M | $109.6M | 75x |
Bitget FETUSDT
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$43.05
- Price spread: −0.150% → +0.008%
- −$15.76
- Slippage, 4 orders
- −$26.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$107.09
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, just now.
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 Bitget live order book, 1 min ago | 2.44 bp | 14.2 bp −$14 | 32.8 bp −$328 | doesn't fit | doesn't fit |
| Sell Binance live order book, just now | 2.44 bp | 9.5 bp −$9 | 23.1 bp −$231 | 114.8 bp −$11.5K | 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 | −0.2183% | 1h | 0.2050 | −0.340% | $29K | $202K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1262% | 1h | 0.2051 | −0.283% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2053 | −0.194% | $152K | $208K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2053 | −0.187% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.285% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2053 | −0.194% | $341K | $544K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.2054 | −0.150% | $32.1M | $109.6M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2052 | −0.243% | $2.8M | $11.9M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2053 | −0.194% | $34.7M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2054 | −0.146% | $10.8M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2042 | −0.718% | $359K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2053 | −0.194% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2051 | −0.299% | $33K | $189K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2053 | −0.210% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2048 | −0.438% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0291% | 8h | 0.2055 | −0.097% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0305% | 4h | 0.2058 | +0.049% | $1.0M | $8.0M | 20x | as long as short |
| Bitget FETUSDTlong | +0.0305% | 8h | 0.2057 | long leg | $16.6M | $11.6M | 75x | |
| Hyperliquid FET | +0.0366% | 1h | 0.2055 | −0.112% | $9.1M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2051 | −0.277% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET