Funding you earn now, next payment 03:00 UTC−0.1204%/8h= −131.8% APRpaid last 24h −0.087%
Price spread now: Coinbase International against BloFin−0.248%58s7-day average +0.271% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as 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−$1511.514% of the position
Funding, last 7 days−0.418%−$42 on $10k
+Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.248%, 7d avg +0.271%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Coinbase International is 0.518% cheaper against BloFin than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of +0.271%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.418% in total (about -21.8% 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 | BloFin FET-USDT | 0.2018 | 0.0220 | pay 0.0220% / 8h | 4h 15m | $1.5M | $3.1M | 100x |
| Short | Coinbase International FET-PERP-INTX | 0.2013 | −0.0984 | pay 0.0123% / 1h | 15m 52s | $145K | $245K | 50x |
BloFin FET-USDT
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$252.84
- Price spread: −0.248% → +0.271%
- −$51.84
- Slippage, 4 orders
- −$129.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$456.08
- Costs to cover
- 1.514%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Coinbase International: live order book, 42 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, 2 min ago | 7.45 bp | 17.2 bp −$17 | 26.8 bp −$268 | 114.6 bp −$11.5K | doesn't fit |
| Sell Coinbase International live order book, 42 min ago | 9.80 bp | 56.8 bp −$57 | doesn't fit | 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 | −0.3705% | 1h | 0.2015 | −0.149% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0984% | 1h | 0.2013 | −0.248% | $145K | $245K | 50x | |
| Kraken Futures PF_FETUSD | −0.0456% | 1h | 0.2017 | −0.052% | $995K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2014 | −0.175% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.396% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2014 | −0.205% | $200K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2015 | −0.151% | $30.8M | $113.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2014 | −0.198% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | −0.198% | $31.8M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2014 | −0.198% | $10.6M | $18.8M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
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 | 0.2015 | −0.141% | $337K | $418K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | −0.198% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2012 | −0.276% | $33K | $252K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2013 | −0.248% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2018 | long leg | $1.5M | $3.1M | 100x | |
| Hyperliquid FET | +0.0225% | 1h | 0.2015 | −0.164% | $8.7M | $8.4M | 5x | as long as short |
| OKX FET-USDT-SWAP | +0.0226% | 4h | 0.2015 | −0.149% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0269% | 8h | 0.2015 | −0.149% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0281% | 8h | 0.2015 | −0.149% | $16.3M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2022 | +0.193% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
Hyperliquid FET
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET