Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.089%141s7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.089%, 7d avg −0.061%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.027% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.061%). Swap the legs. The two prices were read 141 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 | BloFin FET-USDT | 0.2020 | 0.0220 | pay 0.0220% / 8h | 6h 46m | $1.7M | $2.8M | 100x |
| Short | Binance FETUSDT | 0.2018 | 0.0100 | get 0.0100% / 8h | 6h 46m | $31.3M | $112.1M | 75x |
BloFin FET-USDT
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: −0.089% → −0.061%
- −$2.71
- Slippage, 4 orders
- −$30.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$80.58
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Binance: live order book, 11 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 BloFin live order book, 6 min ago | 7.41 bp | 13.5 bp −$13 | 26.3 bp −$263 | 218.2 bp −$21.8K | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.48 bp | 10.6 bp −$11 | 24.8 bp −$248 | 122.2 bp −$12.2K | 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 | −0.5177% | 1h | 0.2016 | −0.198% | $29K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2028 | +0.396% | $148K | $215K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0743% | 1h | 0.2019 | −0.038% | $981K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2019 | −0.065% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.495% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0050% | 8h | 0.2016 | −0.198% | $2.7M | $12.2M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2018 | −0.079% | $9.0M | $8.3M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2016 | −0.198% | $307K | $577K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.2018 | −0.089% | $31.3M | $112.1M | 75x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2017 | −0.149% | $31.3M | $24.8M | 200x | 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
Gate FET_USDT
Hyperliquid FET
Aster FETUSDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | −0.099% | $10.6M | $19.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2023 | +0.158% | $354K | $401K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2016 | −0.198% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | −0.194% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0152% | 4h | 0.2020 | 0.000% | $997K | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2016 | −0.196% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2020 | long leg | $1.7M | $2.8M | 100x | |
| BingX FET-USDT | +0.0287% | 8h | 0.2018 | −0.099% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0309% | 8h | 0.2019 | −0.050% | $16.2M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2026 | +0.297% | $35K | $43K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
Phoenix FET