Funding you earn now, next payment 23:00 UTC−0.0828%/8h= −90.7% APRpaid last 24h +0.007%
Price spread now: Coinbase International against Binance+0.433%7-day average +0.330% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$620.615% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)−0.400%−$40 · spread now +0.433%, 7d avg +0.330%
=The price spread pays, funding is against you. Coinbase International is 0.103% dearer against Binance than usual: you sell high and buy low (spread +0.433% now, against its 7-day average of +0.330%): +$10 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.136% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment. 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 | Binance FETUSDT | 0.2046 | 0.0100 | pay 0.0100% / 8h | 42m 50s | $32.0M | $108.4M | 75x |
| Short | Coinbase International FET-PERP-INTX | 0.2055 | −0.0728 | pay 0.0091% / 1h | 42m 50s | $154K | $206K | 50x |
Binance FETUSDT
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$173.88
- Price spread: +0.433% → +0.330%
- $10.31
- Slippage, 4 orders
- −$41.52
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$225.09
- Costs to cover
- 0.615%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Coinbase International: live order book, 35 min ago.
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 Binance live order book, 15 min ago | 2.44 bp | 8.2 bp −$8 | 19.3 bp −$193 | 161.8 bp −$16.2K | doesn't fit |
| Sell Coinbase International live order book, 35 min ago | 7.45 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.3158% | 1h | 0.2047 | +0.042% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0728% | 1h | 0.2055 | +0.433% | $154K | $206K | 50x | |
| Kraken Futures PF_FETUSD | −0.0476% | 1h | 0.2048 | +0.098% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2048 | +0.087% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.766% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0064% | 8h | 0.2046 | −0.006% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2049 | +0.159% | $342K | $540K | 10x | as long as short |
| Binance FETUSDTlong | +0.0100% | 8h | 0.2046 | long leg | $32.0M | $108.4M | 75x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2045 | −0.055% | $34.5M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2048 | +0.091% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster 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 | +0.494% | $301K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2047 | +0.042% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2048 | +0.077% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2047 | +0.035% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2046 | −0.006% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0322% | 8h | 0.2048 | +0.091% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0332% | 8h | 0.2048 | +0.091% | $16.5M | $11.4M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0336% | 4h | 0.2049 | +0.140% | $992K | $7.9M | 20x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2056 | +0.458% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0864% | 1h | 0.2049 | +0.121% | $9.0M | $8.0M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET