Settings8H · net · $10k
Funding arb · Price arb /

FET

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Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+1.149%+$115 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective FET/USDC PERP0.20100.0033pay 0.0004% / 1h31m 43s$3K$166K12x
ShortCoinbase International FET-PERP-INTX0.1995−0.1152pay 0.0144% / 1h31m 43s$149K$259K50x

Funding 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

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latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Coinbase International live order book, 16 min ago10.08 bp58.0 bp −$58doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.3273%1h0.1980−1.493%$38K$299K10xas long as short
Coinbase International FET-PERP-INTXshort−0.1152%1h0.1995−0.746%$149K$259K50x
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0004%1h0.1980−1.505%$20K150xas long as short
Injective FET/USDC PERPlong+0.0033%1h0.2010long leg$3K$166K12x
Aster FETUSDT+0.0100%8h0.1978−1.608%$188K$810K10xas long as short
Binance FETUSDT+0.0100%8h0.1978−1.596%$30.1M$114.5M75xas long as short
Gate FET_USDT+0.0100%8h0.1976−1.692%$2.6M$12.8M50xas long as short
MEXC FET_USDT+0.0100%8h0.1978−1.592%$29.4M$25.1M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.1978−1.592%$10.3M$18.5M50xas long as short
Variational Omni FET+0.0100%8h0.1986−1.184%$273K$479Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_FET_USDC+0.0100%8h0.1980−1.493%$37K$7K10xas long as short
Extended FET-USD+0.0104%1h0.1978−1.575%$33K$198K10xas long as short
Bitget FETUSDT+0.0192%8h0.1978−1.592%$15.9M$11.9M75xas long as short
BingX FET-USDT+0.0194%8h0.1978−1.592%$6.0Mas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.1979−1.554%$13K100xas long as short
BloFin FET-USDT+0.0220%8h0.1980−1.493%$1.7M$3.2M100xas long as short
OKX FET-USDT-SWAP+0.0364%4h0.1978−1.592%$972K$8.1M20xas long as short
Kraken Futures PF_FETUSD+0.0464%1h0.1982−1.389%$1.0M$2.2M50xas long as short
Phoenix FET+0.0649%1h0.1996−0.682%$35K$37K5xas long as short
Hyperliquid FET+0.0854%1h0.1978−1.617%$8.4M$8.4M5xas long as short