Funding you earn now, next payment 00:00 UTC−0.0737%/8h= −80.7% APRnext payment −$0.92 per $10,000 · paid last 24h −0.032%
Price spread now: Coinbase International against Injective+2.289%7-day average +0.920% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.379%−$38 on $10k
+Price spread, last 3 days (all we have)−1.490%−$149 · spread now +2.289%, 7d avg +0.920%
=The price spread pays, funding is against you. Coinbase International is 1.369% dearer against Injective than usual: you sell high and buy low (spread +2.289% now, against its 7-day average of +0.920%): +$137 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 6.2 days. At the pace of the last 7 days (−0.379% in total) that is about 25 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.379% in total (about -19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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 | 54m 46s | $3K | $166K | 12x |
| Short | Coinbase International FET-PERP-INTX | 0.2056 | −0.0704 | pay 0.0088% / 1h | 54m 46s | $152K | $208K | 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
- −$154.84
- Price spread: +2.289% → +0.920%
- $136.85
- 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
- −$28.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 18 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, 18 min ago | 7.34 bp | 56.3 bp −$56 | 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 | −0.2687% | 1h | 0.2037 | +1.343% | $29K | $202K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1270% | 1h | 0.2038 | +1.369% | $998K | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0704% | 1h | 0.2056 | +2.289% | $152K | $208K | 50x | |
| Gate FET_USDT | −0.0153% | 8h | 0.2037 | +1.343% | $2.8M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2039 | +1.425% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERPlong | +0.0033% | 1h | 0.2010 | long leg | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2039 | +1.465% | $339K | $541K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2038 | +1.393% | $31.8M | $109.6M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2036 | +1.294% | $34.4M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2039 | +1.443% | $10.8M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Gate FET_USDT
gTrade (Gains Network) FET/USD
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 | 0.2056 | +2.300% | $361K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2036 | +1.294% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2039 | +1.421% | $33K | $189K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2037 | +1.344% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2039 | +1.443% | $1.7M | $2.7M | 100x | as long as short |
| Hyperliquid FET | +0.0251% | 1h | 0.2040 | +1.488% | $9.0M | $8.0M | 5x | as long as short |
| BingX FET-USDT | +0.0291% | 8h | 0.2039 | +1.443% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0298% | 4h | 0.2040 | +1.493% | $999K | $7.9M | 20x | as long as short |
| Bitget FETUSDT | +0.0304% | 8h | 0.2040 | +1.493% | $16.5M | $11.6M | 75x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2051 | +2.055% | $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
Hyperliquid FET
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET