Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.029%
Price spread now: Orderly against gTrade (Gains Network)+0.123%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.123% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) FET/USD | 0.2005 | L +0.0006% / S −0.0004% | pay 0.0001% / 1h | 25m 07s | $20K | — | 150x |
| Short | Orderly PERP_FET_USDC | 0.2007 | 0.0100 | get 0.0100% / 8h | 1h 25m | $38K | $7K | 10x |
gTrade (Gains Network) FET/USD
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against gTrade (Gains Network). 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
- $19.83
- Price spread: +0.123% → 0.000%
- $12.32
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $16.15
- Costs to cover
- 0.160%
- Break-even
- 1.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3718% | 1h | 0.2008 | +0.173% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2008 | +0.173% | $151K | $261K | 50x | as long as short |
| gTrade (Gains Network) FET/USDlong | L +0.0006% / S −0.0004% | 1h | 0.2005 | long leg | $20K | — | 150x | |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.273% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2008 | +0.196% | $190K | $818K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2007 | +0.123% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2008 | +0.173% | $10.5M | $18.3M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2007 | +0.131% | $275K | $501K | — | as long as short |
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.2007 | +0.123% | $38K | $7K | 10x | |
| MEXC FET_USDT | +0.0115% | 8h | 0.2009 | +0.223% | $29.3M | $25.2M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FETUSDT | +0.0120% | 8h | 0.2009 | +0.223% | $30.6M | $114.8M | 75x | as long as short |
| Extended FET-USD | +0.0120% | 1h | 0.2007 | +0.147% | $37K | $206K | 10x | as long as short |
| BingX FET-USDT | +0.0189% | 8h | 0.2007 | +0.123% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0190% | 8h | 0.2010 | +0.273% | $16.3M | $11.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1993 | −0.579% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0240% | 8h | 0.2010 | +0.273% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0432% | 4h | 0.2008 | +0.173% | $991K | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0600% | 1h | 0.2009 | +0.198% | $8.5M | $8.5M | 5x | as long as short |
| Phoenix FET | +0.0635% | 1h | 0.2001 | −0.181% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0647% | 1h | 0.2008 | +0.198% | $992K | $2.2M | 50x | as long as short |
Binance FETUSDT
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET
Kraken Futures PF_FETUSD