Funding you earn now, next payment 22:00 UTC+0.5329%/8h= +583.6% APRnext payment +$6.66 per $10,000 · paid last 24h +0.314%
Price spread now: Extended against Deribit−0.064%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 6 days (all we have)+0.405%+$40 on $10k
+Price spread, last 3 days (all we have)+0.115%+$11 · spread now −0.064%, 7d avg −0.032%
=Together, before fees+0.519%+ Points / potential airdropExtended: Active · farm board+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.032%). If the spread goes back, that is −$3 on $10k: about under an hour of funding at the current rate (+$160 a day). At the pace of the last 6 days (+0.405% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.405% in total (about 26.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.66 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 | Deribit FET_USDC-PERPETUAL | 0.1998 | −0.5225 | get 0.0653% / 1h | 3m 07s | $26K | $199K | 10x |
| Short | Extended FET-USD | 0.1997 | 0.0104 | get 0.0013% / 1h | 3m 07s | $32K | $189K | 10x |
Deribit FET_USDC-PERPETUAL
Extended FET-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1,119.17
- Price spread: −0.064% → −0.032%
- −$3.2
- Slippage, 4 orders
- −$45.67
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $1,058.3
- Costs to cover
- 0.577%
- Break-even
- 0.4 days
Slippage from Deribit: live order book, 20 min ago; Extended: live order book, 17 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, 20 min ago | 7.42 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 17 min ago | 9.17 bp | 17.9 bp −$18 | 73.8 bp −$738 | doesn't fit | 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 | −0.5225% | 1h | 0.1998 | long leg | $26K | $199K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2000 | +0.100% | $158K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0008% | 8h | 0.1994 | −0.200% | $2.7M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.1997 | −0.061% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.1997 | −0.040% | $1.0M | $2.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1999 | +0.059% | $339K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1998 | 0.000% | $31.2M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1996 | −0.100% | $34.5M | $25.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1997 | −0.050% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1994 | −0.180% | $270K | $315K | — | 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
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 | 0.1997 | −0.050% | $37K | $5K | 10x | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.1997 | −0.064% | $32K | $189K | 10x | |
| OKX FET-USDT-SWAP | +0.0113% | 4h | 0.1999 | +0.050% | $850K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.1996 | −0.096% | $13K | — | 100x | as long as short |
| BingX FET-USDT | +0.0217% | 8h | 0.1997 | −0.050% | — | $5.6M | — | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2000 | +0.100% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FET | +0.0241% | 1h | 0.1998 | +0.020% | $8.8M | $7.8M | 5x | as long as short |
| Bitget FETUSDT | +0.0248% | 8h | 0.1999 | +0.050% | $16.3M | $11.4M | 75x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | +0.601% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.1995 | −0.160% | $27K | $37K | 5x | as long as short |
Orderly PERP_FET_USDC
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BingX FET-USDT
BloFin FET-USDT
Hyperliquid FET
Bitget FETUSDT
Injective FET/USDC PERP
Phoenix FET