Funding you earn now, next payment 00:00 UTC+0.0258%/8h= +28.2% APRpaid last 24h +0.008%
Price spread now: OKX against Gate+0.246%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 7 days−0.216%−$22 · spread now +0.246%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.247% dearer against Gate than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.001%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% 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 | Gate FET_USDT | 0.2030 | 0.0047 | pay 0.0047% / 8h | 23m 05s | $2.8M | $12.1M | 50x |
| Short | OKX FET-USDT-SWAP | 0.2035 | 0.0305 | get 0.0152% / 4h | 23m 05s | $981K | $7.9M | 20x |
Gate FET_USDT
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $54.14
- Price spread: +0.246% → −0.001%
- $24.71
- Slippage, 4 orders
- −$39.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $14.64
- Costs to cover
- 0.642%
- Break-even
- 5.1 days
Slippage from Gate: 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 Gate live order book, 5 min ago | 2.45 bp | 15.2 bp −$15 | 41.7 bp −$417 | 64.2 bp −$6,423 | 124.7 bp −$62.4K |
| Sell OKX live order book, 5 min ago | 2.45 bp | 16.4 bp −$16 | 60.9 bp −$609 | 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-PERPETUAL | −0.2696% | 1h | 0.2031 | +0.049% | $28K | $201K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2032 | +0.099% | $152K | $201K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0480% | 1h | 0.2033 | +0.127% | $998K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2030 | −0.018% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.985% | $3K | $166K | 12x | as long as short |
| Gate FET_USDTlong | +0.0047% | 8h | 0.2030 | long leg | $2.8M | $12.1M | 50x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2032 | +0.106% | $338K | $543K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2031 | +0.067% | $31.7M | $108.7M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2031 | +0.049% | $34.3M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2031 | +0.049% | $10.5M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
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 | 0.2035 | +0.259% | $298K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2029 | −0.049% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2031 | +0.029% | $33K | $191K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2029 | −0.050% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2031 | +0.049% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0297% | 8h | 0.2031 | +0.049% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAPshort | +0.0305% | 4h | 0.2035 | +0.246% | $981K | $7.9M | 20x | |
| Bitget FETUSDT | +0.0309% | 8h | 0.2032 | +0.099% | $16.4M | $11.5M | 75x | as long as short |
| Hyperliquid FET | +0.0488% | 1h | 0.2033 | +0.153% | $9.0M | $8.0M | 5x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2038 | +0.414% | $35K | $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