Funding you earn now, next payment 07:00 UTC+0.0923%/8h= +101.1% APRpaid last 24h +0.117%
Price spread now: MEXC against Coinbase International−0.593%7-day average −0.357% · 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−$150as in the Price arb table
costs, in and out, $10k−$1271.266% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)+0.539%+$54 · spread now −0.593%, 7d avg −0.357%
=Funding pays, the price is against you. MEXC is 0.237% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.593% now, against its 7-day average of −0.357%). If the spread goes back, that is −$24 on $10k: about 21 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.191% in total) that is about 8.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.191% in total (about 9.9% 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 | 0.2023 | −0.0792 | get 0.0099% / 1h | 37m 43s | $152K | $263K | 50x |
| Short | MEXC FET_USDT | 0.2011 | 0.0131 | get 0.0131% / 8h | 37m 43s | $29.7M | $25.0M | 200x |
Coinbase International FET-PERP-INTX
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $193.83
- Price spread: −0.593% → −0.357%
- −$23.67
- Slippage, 4 orders
- −$116.61
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $43.55
- Costs to cover
- 1.266%
- Break-even
- 5.4 days
Slippage from Coinbase International: live order book, 65 min ago; MEXC: live order book, 1 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, 65 min ago | 10.02 bp | 60.6 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.49 bp | 7.4 bp −$7 | 13.1 bp −$131 | 42.8 bp −$4,284 | 159.3 bp −$79.7K |
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 | −0.3716% | 1h | 0.2009 | −0.692% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0792% | 1h | 0.2023 | long leg | $152K | $263K | 50x | |
| Kraken Futures PF_FETUSD | −0.0011% | 1h | 0.2010 | −0.629% | $992K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2009 | −0.669% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.643% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2012 | −0.558% | $187K | $751K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2011 | −0.593% | $2.6M | $12.7M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2009 | −0.692% | $10.5M | $18.0M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2022 | −0.044% | $286K | $515K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2009 | −0.692% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0128% | 1h | 0.2012 | −0.544% | $37K | $203K | 10x | as long as short |
| Binance FETUSDT | +0.0129% | 8h | 0.2012 | −0.555% | $30.7M | $112.4M | 75x | as long as short |
| MEXC FET_USDTshort | +0.0131% | 8h | 0.2011 | −0.593% | $29.7M | $25.0M | 200x | |
| Bitget FETUSDT | +0.0156% | 8h | 0.2014 | −0.445% | $16.3M | $11.6M | 75x | as long as short |
| BingX FET-USDT | +0.0163% | 8h | 0.2012 | −0.544% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2008 | −0.724% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0251% | 8h | 0.2011 | −0.593% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0300% | 4h | 0.2014 | −0.445% | $1.0M | $8.0M | 20x | as long as short |
| Phoenix FET | +0.0597% | 1h | 0.2019 | −0.183% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0638% | 1h | 0.2012 | −0.529% | $8.5M | $8.4M | 5x | as long as short |
Extended FET-USD
Binance FETUSDT
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET