Funding you earn now, next payment 01:00 UTC−0.1893%/8h= −207.3% APRpaid last 24h −0.445%
Price spread now: Deribit against BloFin−0.096%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 6 days (all we have)−0.734%−$73 on $10k
+Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.096%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$57 a day on $10k at the current rate, and Deribit is 0.036% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.734% in total (about -47.1% 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 | BloFin FET-USDT | 0.2078 | 0.0220 | pay 0.0220% / 8h | 7h 30m | $1.7M | $2.7M | 100x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2076 | −0.1673 | pay 0.0209% / 1h | 30m 34s | $40K | $213K | 10x |
BloFin FET-USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$397.55
- Price spread: −0.096% → −0.060%
- −$3.59
- Slippage, 4 orders
- −$33.04
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$453.18
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Deribit: live order book, 43 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, 3 min ago | 4.83 bp | 15.2 bp −$15 | 17.9 bp −$179 | 162.3 bp −$16.2K | doesn't fit |
| Sell Deribit live order book, 43 min ago | 4.90 bp | 8.4 bp −$8 | 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-PERPETUALshort | −0.1673% | 1h | 0.2076 | −0.096% | $40K | $213K | 10x | |
| Kraken Futures PF_FETUSD | −0.1246% | 1h | 0.2076 | −0.089% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2080 | +0.096% | $155K | $211K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2074 | −0.180% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −3.272% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2068 | −0.460% | $344K | $542K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2062 | −0.753% | $32.2M | $110.6M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2065 | −0.626% | $2.8M | $12.1M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2066 | −0.577% | $35.1M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2069 | −0.433% | $11.0M | $19.2M | 50x | as long as short |
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
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 | 0.2075 | −0.136% | $365K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2074 | −0.192% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2066 | −0.586% | $34K | $248K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2073 | −0.220% | $14K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2078 | long leg | $1.7M | $2.7M | 100x | |
| BingX FET-USDT | +0.0287% | 8h | 0.2066 | −0.577% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0307% | 8h | 0.2062 | −0.770% | $16.6M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0318% | 4h | 0.2065 | −0.626% | $1.1M | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0453% | 1h | 0.2072 | −0.294% | $9.4M | $8.2M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2073 | −0.241% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET