Funding you earn now, next payment 00:00 UTC−0.2898%/8h= −317.4% APRpaid last 24h −0.421%
Price spread now: Deribit against BloFin+0.442%117s7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.550% of the position
Funding, last 6 days (all we have)−0.685%−$68 on $10k
+Price spread, last 3 days (all we have)−0.469%−$47 · spread now +0.442%, 7d avg −0.062%
=The price spread pays, funding is against you. Deribit is 0.505% dearer against BloFin than usual: you sell high and buy low (spread +0.442% now, against its 7-day average of −0.062%): +$50 on $10k if it goes back. Holding the pair costs −$87 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 6 days (−0.685% in total) that is about 4.2 days. The two prices were read 117 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 6 days it paid -0.685% in total (about -44.2% 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 | 0.2034 | 0.0220 | pay 0.0220% / 8h | 19m 18s | $1.7M | $2.7M | 100x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2043 | −0.2678 | pay 0.0335% / 1h | 19m 18s | $28K | $201K | 10x |
BloFin FET-USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$608.63
- Price spread: +0.442% → −0.062%
- $50.49
- Slippage, 4 orders
- −$36.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$613.19
- Costs to cover
- 0.550%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Deribit: live order book, 59 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, 4 min ago | 4.92 bp | 12.4 bp −$12 | 21.4 bp −$214 | 193.6 bp −$19.4K | doesn't fit |
| Sell Deribit live order book, 59 min ago | 9.94 bp | 13.4 bp −$13 | 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-PERPETUALshort | −0.2678% | 1h | 0.2043 | +0.442% | $28K | $201K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2039 | +0.246% | $152K | $202K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0477% | 1h | 0.2045 | +0.527% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2042 | +0.376% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.180% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0047% | 8h | 0.2041 | +0.344% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2035 | +0.063% | $338K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2042 | +0.393% | $31.8M | $108.8M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2041 | +0.344% | $34.4M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2043 | +0.442% | $10.5M | $19.1M | 50x | as long as short |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
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 | 0.2033 | −0.038% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2040 | +0.295% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2042 | +0.407% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2041 | +0.343% | $14K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2034 | long leg | $1.7M | $2.7M | 100x | |
| BingX FET-USDT | +0.0293% | 8h | 0.2044 | +0.492% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0302% | 4h | 0.2045 | +0.541% | $989K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0310% | 8h | 0.2045 | +0.541% | $16.5M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0470% | 1h | 0.2044 | +0.487% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2039 | +0.231% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Hyperliquid FET
Phoenix FET