Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.164%81s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.164%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.115% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FET-USDT | 0.1977 | 0.0220 | pay 0.0220% / 8h | 2h 28m | $1.7M | $3.2M | 100x |
| Short | Binance FETUSDT | 0.1974 | 0.0100 | get 0.0100% / 8h | 2h 28m | $30.1M | $114.5M | 75x |
BloFin FET-USDT
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: −0.164% → −0.049%
- −$11.52
- Slippage, 4 orders
- −$33.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$92.37
- Costs to cover
- 0.556%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Binance: live order book, 15 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 BloFin live order book, 5 min ago | 2.52 bp | 16.3 bp −$16 | 25.7 bp −$257 | 128.6 bp −$12.9K | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.52 bp | 10.0 bp −$10 | 22.8 bp −$228 | 110.2 bp −$11.0K | 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 | −0.3285% | 1h | 0.1973 | −0.202% | $38K | $299K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.1995 | +0.910% | $149K | $259K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1972 | −0.230% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.669% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1974 | −0.152% | $188K | $810K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.1974 | −0.164% | $30.1M | $114.5M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.1972 | −0.253% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1974 | −0.152% | $29.3M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1975 | −0.101% | $10.3M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1977 | +0.010% | $271K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster 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 | 0.1972 | −0.253% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1974 | −0.127% | $33K | $198K | 10x | as long as short |
| Bitget FETUSDT | +0.0190% | 8h | 0.1976 | −0.051% | $16.0M | $11.9M | 75x | as long as short |
| BingX FET-USDT | +0.0193% | 8h | 0.1973 | −0.202% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1971 | −0.300% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.1977 | long leg | $1.7M | $3.2M | 100x | |
| OKX FET-USDT-SWAP | +0.0378% | 4h | 0.1975 | −0.101% | $970K | $8.0M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0465% | 1h | 0.1976 | −0.049% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1977 | +0.020% | $34K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0820% | 1h | 0.1976 | −0.071% | $8.4M | $8.5M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET