Funding you earn now, next payment 23:00 UTC+0.0761%/8h= +83.4% APRnext payment +$0.95 per $10,000 · paid last 24h +0.032%
Price spread now: Injective against Coinbase International−1.615%7-day average −0.920% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.379%+$38 on $10k
+Price spread, last 3 days (all we have)+0.817%+$82 · spread now −1.615%, 7d avg −0.920%
=Funding pays, the price is against you. Injective is 0.695% cheaper against Coinbase International than usual: you would sell low and buy high (spread −1.615% now, against its 7-day average of −0.920%). If the spread goes back, that is −$70 on $10k: about 3.0 days of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.379% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.379% in total (about 19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 per $10,000. 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 | 0.2043 | −0.0728 | get 0.0091% / 1h | 24m 30s | $153K | $202K | 50x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 24m 30s | $3K | $166K | 12x |
Coinbase International FET-PERP-INTX
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $159.88
- Price spread: −1.615% → −0.920%
- −$69.52
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $80.34
- Costs to cover
- 0.100%
- Break-even
- 3.5 days
Slippage unknown: Coinbase International: live order book, 53 min ago; Injective: no order-book sample. Net counts fees only.
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, 53 min ago | 7.45 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3186% | 1h | 0.2030 | −0.636% | $28K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0728% | 1h | 0.2043 | long leg | $153K | $202K | 50x | |
| Kraken Futures PF_FETUSD | −0.0480% | 1h | 0.2032 | −0.557% | $998K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2030 | −0.653% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | −1.615% | $3K | $166K | 12x | |
| Gate FET_USDT | +0.0050% | 8h | 0.2028 | −0.734% | $2.8M | $12.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2029 | −0.692% | $337K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2029 | −0.689% | $31.6M | $108.7M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2028 | −0.734% | $34.2M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2029 | −0.685% | $10.5M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
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 | 0.2035 | −0.379% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2028 | −0.734% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2029 | −0.689% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2029 | −0.689% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2029 | −0.685% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0298% | 8h | 0.2029 | −0.685% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0305% | 4h | 0.2031 | −0.587% | $979K | $7.8M | 20x | as long as short |
| Bitget FETUSDT | +0.0308% | 8h | 0.2031 | −0.587% | $16.4M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0497% | 1h | 0.2031 | −0.597% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2038 | −0.225% | $35K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Hyperliquid FET
Phoenix FET