Funding you earn now, next payment 04:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.009%
Price spread now: Orderly against OKX−0.198%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.198% cheaper against OKX than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FET-USDT-SWAP | 0.2018 | 0.0226 | pay 0.0113% / 4h | 16m 21s | $1.0M | $8.2M | 20x |
| Short | Orderly PERP_FET_USDC | 0.2014 | 0.0100 | get 0.0100% / 8h | 4h 16m | $38K | $7K | 10x |
OKX FET-USDT-SWAP
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$26.43
- Price spread: −0.198% → 0.000%
- −$19.82
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$62.25
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 2 min ago; Orderly: 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 | 4.96 bp | 15.9 bp −$16 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.3705% | 1h | 0.2015 | −0.149% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2013 | −0.248% | $145K | $245K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0456% | 1h | 0.2017 | −0.052% | $995K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2014 | −0.175% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.396% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | −0.158% | $200K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2015 | −0.149% | $30.8M | $113.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2015 | −0.149% | $2.7M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | −0.198% | $31.8M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2016 | −0.099% | $10.6M | $18.8M | 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
Gate FET_USDT
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 | 0.2015 | −0.142% | $337K | $418K | — | as long as short |
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.2014 | −0.198% | $38K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2014 | −0.177% | $33K | $252K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2013 | −0.248% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2018 | 0.000% | $1.5M | $3.1M | 100x | as long as short |
| Hyperliquid FET | +0.0224% | 1h | 0.2017 | −0.064% | $8.8M | $8.4M | 5x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0226% | 4h | 0.2018 | long leg | $1.0M | $8.2M | 20x | |
| BingX FET-USDT | +0.0269% | 8h | 0.2014 | −0.198% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0281% | 8h | 0.2016 | −0.099% | $16.3M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2022 | +0.193% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
Phoenix FET