Funding you earn now, next payment 03:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h +0.029%
Price spread now: Injective against OKX−1.229%78s7-day average −0.616% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 3 days (all we have)+0.417%+$42 · spread now −1.229%, 7d avg −0.616%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.612% cheaper against OKX than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.616%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.233%, so the current rate has only just turned against you. The two prices were read 78 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 | OKX FET-USDT-SWAP | 0.2035 | 0.0234 | pay 0.0117% / 4h | 1h 56m | $1.0M | $8.1M | 20x |
| Short | Injective FET/USDC PERP | 0.2010 | 0.0033 | get 0.0004% / 1h | 56m 01s | $3K | $166K | 12x |
OKX FET-USDT-SWAP
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$42.15
- Price spread: −1.229% → −0.616%
- −$61.24
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$113.41
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 2 min ago; Injective: 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 OKX live order book, 2 min ago | 4.94 bp | 15.3 bp −$15 | 56.9 bp −$569 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 19 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 | −0.4145% | 1h | 0.2039 | +0.197% | $30K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2038 | +0.147% | $150K | $221K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2039 | +0.198% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERPshort | +0.0033% | 1h | 0.2010 | −1.229% | $3K | $166K | 12x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2036 | +0.068% | $260K | $719K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2031 | −0.197% | $31.6M | $111.4M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2032 | −0.147% | $2.7M | $12.2M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2033 | −0.098% | $30.7M | $24.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2035 | 0.000% | $10.6M | $18.9M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2042 | +0.352% | $335K | $420K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2039 | +0.197% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2034 | −0.025% | $35K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0114% | 1h | 0.2041 | +0.280% | $992K | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2038 | +0.153% | $14K | — | 100x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0234% | 4h | 0.2035 | long leg | $1.0M | $8.1M | 20x | |
| BingX FET-USDT | +0.0370% | 8h | 0.2030 | −0.246% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0393% | 8h | 0.2035 | 0.000% | $16.5M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2033 | −0.098% | $35K | $39K | 5x | as long as short |
| Hyperliquid FET | +0.0689% | 1h | 0.2037 | +0.113% | $9.0M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
Phoenix FET
Hyperliquid FET