Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h −0.001%
Price spread now: OKX against BingX+0.050%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days−0.145%−$14 · spread now +0.050%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.059% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% 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 | BingX FET-USDT | 0.2004 | 0.0194 | pay 0.0194% / 8h | 1h 04m | — | $5.9M | — |
| Short | OKX FET-USDT-SWAP | 0.2005 | 0.0388 | get 0.0194% / 4h | 1h 04m | $991K | $8.1M | 20x |
BingX FET-USDT
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BingX. 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
- $40.74
- Price spread: +0.050% → −0.009%
- $5.87
- Slippage, 4 orders
- −$31.08
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$4.48
- Costs to cover
- 0.511%
- Break-even
- 7.8 days
Slippage from BingX: live order book, 16 min ago; OKX: live order book, 3 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 BingX live order book, 16 min ago | 2.49 bp | 7.5 bp −$7 | 15.8 bp −$158 | 61.4 bp −$6,141 | 331.1 bp −$165.5K |
| Sell OKX live order book, 3 min ago | 4.99 bp | 11.5 bp −$12 | 47.3 bp −$473 | 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 | −0.3720% | 1h | 0.2007 | +0.150% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2012 | +0.399% | $151K | $264K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2005 | +0.059% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.299% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2006 | +0.076% | $187K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2003 | −0.050% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2006 | +0.100% | $10.5M | $18.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2008 | +0.207% | $285K | $506K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2006 | +0.100% | $36K | $11K | 10x | as long as short |
| MEXC FET_USDT | +0.0130% | 8h | 0.2003 | −0.050% | $29.6M | $25.3M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FETUSDT | +0.0133% | 8h | 0.2004 | −0.003% | $30.7M | $114.4M | 75x | as long as short |
| Extended FET-USD | +0.0136% | 1h | 0.2004 | +0.022% | $37K | $203K | 10x | as long as short |
| BingX FET-USDTlong | +0.0194% | 8h | 0.2004 | long leg | — | $5.9M | — | |
| Bitget FETUSDT | +0.0196% | 8h | 0.2006 | +0.100% | $16.2M | $11.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2005 | +0.029% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0253% | 8h | 0.2006 | +0.100% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0388% | 4h | 0.2005 | +0.050% | $991K | $8.1M | 20x | |
| Phoenix FET | +0.0635% | 1h | 0.2010 | +0.304% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0647% | 1h | 0.2008 | +0.203% | $991K | $2.2M | 50x | as long as short |
| Hyperliquid FET | +0.0662% | 1h | 0.2006 | +0.105% | $8.4M | $8.4M | 5x | as long as short |
Binance FETUSDT
Extended FET-USD
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Kraken Futures PF_FETUSD
Hyperliquid FET