Funding you earn now, next payment 01:00 UTC+0.4842%/8h= +530.2% APRpaid last 24h +0.418%
Price spread now: OKX against Deribit−0.049%7-day average +0.006% · 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−$67as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 6 days (all we have)+0.535%+$53 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.049%, 7d avg +0.006%
=Funding pays, the price is against you. OKX is 0.055% cheaper against Deribit than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.006%). If the spread goes back, that is −$6 on $10k: about under an hour of funding at the current rate (+$145 a day). At the pace of the last 6 days (+0.535% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.535% in total (about 34.2% 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 | 0.2036 | −0.4638 | get 0.0580% / 1h | 3m 10s | $29K | $223K | 10x |
| Short | OKX FET-USDT-SWAP | 0.2035 | 0.0205 | get 0.0102% / 4h | 3h 03m | $1.0M | $8.1M | 20x |
Deribit FET_USDC-PERPETUAL
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $1,016.91
- Price spread: −0.049% → +0.006%
- −$5.53
- Slippage, 4 orders
- −$44.37
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $950
- Costs to cover
- 0.614%
- Break-even
- 0.5 days
Slippage from Deribit: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 4.87 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 4.86 bp | 17.0 bp −$17 | 57.3 bp −$573 | 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 | −0.4638% | 1h | 0.2036 | long leg | $29K | $223K | 10x | |
| Kraken Futures PF_FETUSD | −0.1269% | 1h | 0.2039 | +0.148% | $991K | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2037 | +0.049% | $149K | $213K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2037 | +0.027% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.277% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0039% | 8h | 0.2035 | −0.049% | $2.8M | $12.5M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2037 | +0.062% | $338K | $546K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2034 | −0.098% | $31.7M | $110.9M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2033 | −0.147% | $33.2M | $25.2M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2034 | −0.098% | $10.8M | $19.2M | 50x | as long as short |
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
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 | 0.2044 | +0.399% | $359K | $400K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2036 | 0.000% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2037 | +0.064% | $34K | $244K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2036 | −0.003% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0205% | 4h | 0.2035 | −0.049% | $1.0M | $8.1M | 20x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2039 | +0.147% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0275% | 8h | 0.2035 | −0.049% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0280% | 8h | 0.2037 | +0.049% | $16.4M | $11.6M | 75x | as long as short |
| Hyperliquid FET | +0.0328% | 1h | 0.2040 | +0.177% | $9.1M | $8.3M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2052 | +0.766% | $36K | $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
Bitget FETUSDT
Hyperliquid FET
Phoenix FET