Funding you earn now, next payment 06:00 UTC+0.0882%/8h= +96.6% APRpaid last 24h +0.122%
Price spread now: BingX against Coinbase International−0.199%7-day average −0.325% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1361.359% of the position
Funding, last 7 days+0.279%+$28 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.199%, 7d avg −0.325%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and BingX is 0.126% dearer against Coinbase International than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.325%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.279% in total (about 14.5% 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 | Coinbase International FET-PERP-INTX | 0.2012 | −0.0688 | get 0.0086% / 1h | 5m 31s | $151K | $264K | 50x |
| Short | BingX FET-USDT | 0.2008 | 0.0194 | get 0.0194% / 8h | 1h 05m | — | $5.9M | — |
Coinbase International FET-PERP-INTX
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- $185.22
- Price spread: −0.199% → −0.325%
- $12.64
- Slippage, 4 orders
- −$115.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $61.99
- Costs to cover
- 1.359%
- Break-even
- 4.7 days
Slippage from Coinbase International: live order book, 37 min ago; BingX: 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 Coinbase International live order book, 37 min ago | 10.02 bp | 60.6 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 2.49 bp | 11.7 bp −$12 | 14.7 bp −$147 | 58.2 bp −$5,821 | 347.4 bp −$173.7K |
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 | −0.3720% | 1h | 0.2007 | −0.249% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0688% | 1h | 0.2012 | long leg | $151K | $264K | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2006 | −0.277% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.099% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2008 | −0.192% | $187K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2006 | −0.298% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2007 | −0.249% | $10.5M | $18.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2008 | −0.191% | $285K | $506K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2008 | −0.199% | $36K | $11K | 10x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2007 | −0.237% | $37K | $203K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0130% | 8h | 0.2007 | −0.249% | $29.6M | $25.3M | 200x | as long as short |
| Binance FETUSDT | +0.0133% | 8h | 0.2008 | −0.223% | $30.7M | $114.3M | 75x | as long as short |
| BingX FET-USDTshort | +0.0194% | 8h | 0.2008 | −0.199% | — | $5.9M | — | |
| Bitget FETUSDT | +0.0196% | 8h | 0.2008 | −0.199% | $16.3M | $11.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2008 | −0.207% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0250% | 8h | 0.2006 | −0.298% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0388% | 4h | 0.2007 | −0.249% | $992K | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2011 | −0.075% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0647% | 1h | 0.2009 | −0.148% | $992K | $2.2M | 50x | as long as short |
| Hyperliquid FET | +0.0661% | 1h | 0.2009 | −0.139% | $8.5M | $8.4M | 5x | as long as short |
MEXC FET_USDT
Binance FETUSDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Kraken Futures PF_FETUSD
Hyperliquid FET