Funding you earn now, next payment 08:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h −0.003%
Price spread now: OKX against Bitget−0.100%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$620.621% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now −0.100%, 7d avg −0.032%
=Funding pays, the price is against you. OKX is 0.068% cheaper against Bitget than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.032%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% 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 | 0.2007 | 0.0205 | pay 0.0205% / 8h | 1h 56m | $16.3M | $11.9M | 75x |
| Short | OKX FET-USDT-SWAP | 0.2005 | 0.0467 | get 0.0234% / 4h | 1h 56m | $996K | $8.2M | 20x |
Bitget FETUSDT
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $55.06
- Price spread: −0.100% → −0.032%
- −$6.81
- Slippage, 4 orders
- −$40.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$13.86
- Costs to cover
- 0.621%
- Break-even
- 8.8 days
Slippage from Bitget: live order book, 2 min ago; OKX: 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 Bitget live order book, 2 min ago | 2.48 bp | 12.1 bp −$12 | 26.5 bp −$265 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.48 bp | 16.0 bp −$16 | 60.4 bp −$604 | doesn't fit | 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 | −0.3227% | 1h | 0.2006 | −0.050% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2023 | +0.797% | $152K | $265K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2005 | −0.092% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.149% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2006 | −0.045% | $190K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2006 | −0.050% | $30.6M | $114.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2005 | −0.100% | $2.7M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2006 | −0.050% | $29.8M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2009 | +0.100% | $10.4M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2019 | +0.604% | $287K | $491K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2005 | −0.100% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2005 | −0.077% | $33K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0195% | 8h | 0.2008 | +0.050% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2005 | −0.078% | $13K | — | 100x | as long as short |
| Bitget FETUSDTlong | +0.0205% | 8h | 0.2007 | long leg | $16.3M | $11.9M | 75x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2013 | +0.299% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0467% | 4h | 0.2005 | −0.100% | $996K | $8.2M | 20x | |
| Hyperliquid FET | +0.0519% | 1h | 0.2009 | +0.105% | $8.5M | $8.4M | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0647% | 1h | 0.2008 | +0.050% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.2019 | +0.613% | $35K | $38K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
Kraken Futures PF_FETUSD
Phoenix FET