Funding you earn now, next payment 22:00 UTC+0.5961%/8h= +652.7% APRpaid last 24h +0.313%
Price spread now: BingX against Deribit+0.151%7-day average −0.010% · 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−$31as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 6 days (all we have)+0.451%+$45 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.151%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$179 a day on $10k at the current rate, and BingX is 0.161% dearer against Deribit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.010%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.451% in total (about 29.5% 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 | Deribit FET_USDC-PERPETUAL | 0.1990 | −0.5744 | get 0.0718% / 1h | 6m 44s | $26K | $199K | 10x |
| Short | BingX FET-USDT | 0.1993 | 0.0217 | get 0.0217% / 8h | 2h 06m | — | $5.6M | — |
Deribit FET_USDC-PERPETUAL
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Deribit. 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
- $1,251.81
- Price spread: +0.151% → −0.010%
- $16.09
- Slippage, 4 orders
- −$29.59
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $1,221.31
- Costs to cover
- 0.466%
- Break-even
- 0.2 days
Slippage from Deribit: live order book, 17 min ago; BingX: live order book, 13 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 Deribit live order book, 17 min ago | 7.42 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 13 min ago | 4.96 bp | 12.8 bp −$13 | 18.1 bp −$181 | 67.6 bp −$6,756 | 368.2 bp −$184.1K |
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-PERPETUALlong | −0.5744% | 1h | 0.1990 | long leg | $26K | $199K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +1.608% | $161K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0014% | 8h | 0.1991 | +0.050% | $2.7M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.1993 | +0.138% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.1995 | +0.253% | $1.0M | $2.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1994 | +0.192% | $341K | $532K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1992 | +0.093% | $31.1M | $107.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.1994 | +0.201% | $848K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1993 | +0.151% | $34.4M | $25.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1992 | +0.101% | $10.2M | $19.1M | 50x | as long as short |
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
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 | 0.2000 | +0.525% | $271K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1993 | +0.151% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1993 | +0.148% | $32K | $145K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.1993 | +0.137% | $13K | — | 100x | as long as short |
| BingX FET-USDTshort | +0.0217% | 8h | 0.1993 | +0.151% | — | $5.6M | — | |
| BloFin FET-USDT | +0.0220% | 8h | 0.1994 | +0.201% | $1.7M | $2.6M | 100x | as long as short |
| Bitget FETUSDT | +0.0236% | 8h | 0.1995 | +0.251% | $16.2M | $11.4M | 75x | as long as short |
| Hyperliquid FET | +0.0238% | 1h | 0.1994 | +0.216% | $8.9M | $7.8M | 5x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | +1.005% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.1997 | +0.347% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
Hyperliquid FET
Injective FET/USDC PERP
Phoenix FET