Funding you earn now, next payment 05:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.002%
Price spread now: Injective against Bitget+1.824%7-day average −0.658% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)−2.349%−$235 · spread now +1.824%, 7d avg −0.658%
=The price spread pays, funding is against you. Injective is 2.481% dearer against Bitget than usual: you sell high and buy low (spread +1.824% now, against its 7-day average of −0.658%): +$248 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 44 days. Mind the row above: over the last 7 days funding on this pair paid +0.120%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% 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 | Bitget FETUSDT | 0.1974 | 0.0223 | pay 0.0223% / 8h | 3h 02m | $15.9M | $11.8M | 75x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 2m 42s | $3K | $166K | 12x |
Bitget FETUSDT
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$39.83
- Price spread: +1.824% → −0.658%
- $248.14
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $196.29
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 1 min ago; 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 Bitget live order book, 1 min ago | 5.05 bp | 16.7 bp −$17 | 35.5 bp −$355 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | −0.4284% | 1h | 0.1976 | +0.101% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.1982 | +0.405% | $146K | $254K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0371% | 1h | 0.1977 | +0.169% | $967K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1976 | +0.078% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | +1.824% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.1975 | +0.055% | $189K | $809K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1974 | 0.000% | $30.0M | $114.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1972 | −0.101% | $2.6M | $12.7M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1973 | −0.051% | $29.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1974 | 0.000% | $10.3M | $18.6M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance 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 | 0.1984 | +0.514% | $272K | $479K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1976 | +0.101% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1974 | −0.014% | $32K | $198K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1975 | +0.069% | $13K | — | 100x | as long as short |
| BingX FET-USDT | +0.0215% | 8h | 0.1974 | 0.000% | — | $6.0M | — | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1976 | +0.101% | $1.7M | $3.2M | 100x | as long as short |
| Bitget FETUSDTlong | +0.0223% | 8h | 0.1974 | long leg | $15.9M | $11.8M | 75x | |
| OKX FET-USDT-SWAP | +0.0358% | 4h | 0.1975 | +0.051% | $989K | $8.0M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.1987 | +0.648% | $35K | $38K | 5x | as long as short |
| Hyperliquid FET | +0.0636% | 1h | 0.1976 | +0.086% | $8.4M | $8.4M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET