Funding you earn now, next payment 03:00 UTC+0.3842%/8h= +420.7% APRpaid last 24h +0.555%
Price spread now: BloFin against Deribit+0.243%57s7-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−$480.482% of the position
Funding, last 6 days (all we have)+0.867%+$87 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now +0.243%, 7d avg +0.062%
=Both sides work for this trade now. Funding pays +$115 a day on $10k at the current rate, and BloFin is 0.181% dearer against Deribit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.062%. The two prices were read 57 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 0.867% in total (about 54.7% 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 | 0.2058 | −0.3622 | get 0.0453% / 1h | 6m 20s | $39K | $303K | 10x |
| Short | BloFin FET-USDT | 0.2063 | 0.0220 | get 0.0220% / 8h | 5h 06m | $1.7M | $3.0M | 100x |
Deribit FET_USDC-PERPETUAL
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $806.87
- Price spread: +0.243% → +0.062%
- $18.09
- Slippage, 4 orders
- −$29.22
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $776.73
- Costs to cover
- 0.482%
- Break-even
- 0.3 days
Slippage from Deribit: live order book, 57 min ago; BloFin: live order book, 2 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, 57 min ago | 4.92 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 9.69 bp | 15.7 bp −$16 | 23.6 bp −$236 | 89.3 bp −$8,928 | 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-PERPETUALlong | −0.3622% | 1h | 0.2058 | long leg | $39K | $303K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2058 | 0.000% | $151K | $232K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2057 | −0.026% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.332% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2060 | +0.098% | $216K | $788K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2057 | −0.049% | $31.9M | $112.2M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2058 | 0.000% | $2.8M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2059 | +0.049% | $30.8M | $24.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2061 | +0.146% | $10.9M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2063 | +0.248% | $345K | $424K | — | as long as short |
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2057 | −0.049% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2056 | −0.075% | $34K | $246K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0113% | 1h | 0.2060 | +0.078% | $1.0M | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2058 | +0.009% | $14K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2063 | +0.243% | $1.7M | $3.0M | 100x | |
| OKX FET-USDT-SWAP | +0.0229% | 4h | 0.2059 | +0.049% | $1.1M | $8.3M | 20x | as long as short |
| BingX FET-USDT | +0.0358% | 8h | 0.2057 | −0.049% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0369% | 8h | 0.2058 | 0.000% | $16.7M | $11.8M | 75x | as long as short |
| Hyperliquid FET | +0.0446% | 1h | 0.2061 | +0.136% | $9.0M | $8.4M | 5x | as long as short |
| Phoenix FET | +0.0669% | 1h | 0.2069 | +0.515% | $36K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Hyperliquid FET
Phoenix FET