Funding you earn now, next payment 05:00 UTC−0.1185%/8h= −129.8% APRnext payment −$1.48 per $10,000 · paid last 24h −0.110%
Price spread now: Coinbase International against Injective−0.746%64s7-day average +0.920% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.395%−$40 on $10k
+Price spread, last 4 days (all we have)+1.545%+$154 · spread now −0.746%, 7d avg +0.920%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Coinbase International is 1.667% cheaper against Injective than usual: you would sell low and buy high (−$167 if the spread goes back to its 7-day average of +0.920%). Swap the legs. The two prices were read 64 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 7 days it paid -0.395% in total (about -20.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 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 | Injective FET/USDC PERP | 0.2010 | 0.0033 | pay 0.0004% / 1h | 31m 43s | $3K | $166K | 12x |
| Short | Coinbase International FET-PERP-INTX | 0.1995 | −0.1152 | pay 0.0144% / 1h | 31m 43s | $149K | $259K | 50x |
Injective FET/USDC PERP
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- −$248.92
- Price spread: −0.746% → +0.920%
- −$166.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$425.61
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 16 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 16 min ago | 10.08 bp | 58.0 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | −0.3273% | 1h | 0.1980 | −1.493% | $38K | $299K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.1152% | 1h | 0.1995 | −0.746% | $149K | $259K | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1980 | −1.505% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERPlong | +0.0033% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.1978 | −1.608% | $188K | $810K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1978 | −1.596% | $30.1M | $114.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1976 | −1.692% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1978 | −1.592% | $29.4M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1978 | −1.592% | $10.3M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1986 | −1.184% | $273K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
gTrade (Gains Network) FET/USD
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 | 0.1980 | −1.493% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1978 | −1.575% | $33K | $198K | 10x | as long as short |
| Bitget FETUSDT | +0.0192% | 8h | 0.1978 | −1.592% | $15.9M | $11.9M | 75x | as long as short |
| BingX FET-USDT | +0.0194% | 8h | 0.1978 | −1.592% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1979 | −1.554% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1980 | −1.493% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0364% | 4h | 0.1978 | −1.592% | $972K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0464% | 1h | 0.1982 | −1.389% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1996 | −0.682% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0854% | 1h | 0.1978 | −1.617% | $8.4M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET