Funding you earn now, next payment 00:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.008%
Price spread now: Gate against Binance−0.133%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 7 days+0.154%+$15 · spread now −0.133%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.095% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FETUSDT | 0.2049 | 0.0100 | pay 0.0100% / 8h | 52m 02s | $32.0M | $108.0M | 75x |
| Short | Gate FET_USDT | 0.2046 | 0.0069 | get 0.0069% / 8h | 52m 02s | $2.8M | $12.0M | 50x |
Binance FETUSDT
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.51
- Price spread: −0.133% → −0.038%
- −$9.5
- Slippage, 4 orders
- −$26.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$67.95
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 2 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, 6 min ago | 2.44 bp | 8.2 bp −$8 | 19.3 bp −$193 | 161.8 bp −$16.2K | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.88 bp | 17.6 bp −$18 | 44.7 bp −$447 | 89.8 bp −$8,976 | 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 | −0.084% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2051 | +0.111% | $153K | $205K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0476% | 1h | 0.2049 | −0.006% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2047 | −0.102% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.890% | $3K | $166K | 12x | as long as short |
| Gate FET_USDTshort | +0.0069% | 8h | 0.2046 | −0.133% | $2.8M | $12.0M | 50x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2048 | −0.021% | $342K | $540K | 10x | as long as short |
| Binance FETUSDTlong | +0.0100% | 8h | 0.2049 | long leg | $32.0M | $108.0M | 75x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2050 | +0.062% | $34.6M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2047 | −0.084% | $10.6M | $19.1M | 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
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 | 0.2046 | −0.122% | $289K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2045 | −0.182% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2050 | +0.051% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2046 | −0.125% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2049 | +0.013% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0321% | 8h | 0.2049 | +0.013% | — | $5.6M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0321% | 4h | 0.2054 | +0.257% | $998K | $7.8M | 20x | as long as short |
| Bitget FETUSDT | +0.0339% | 8h | 0.2051 | +0.111% | $16.5M | $11.4M | 75x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2048 | −0.021% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0997% | 1h | 0.2049 | +0.028% | $9.1M | $7.9M | 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
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET
Hyperliquid FET