Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.050%
Price spread now: Gate against BloFin−0.191%108s7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as 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−$620.617% of the position
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.191%, 7d avg −0.110%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.081% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.110%). Swap the legs. The two prices were read 108 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 | 0.2096 | 0.0220 | pay 0.0220% / 8h | 6h 19m | $1.8M | $3.3M | 100x |
| Short | Gate FET_USDT | 0.2092 | 0.0100 | get 0.0100% / 8h | 6h 19m | $3.0M | $12.7M | 50x |
BloFin FET-USDT
Gate FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.191% → −0.110%
- −$8.06
- Slippage, 4 orders
- −$34.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$94.93
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 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 BloFin live order book, 2 min ago | 2.38 bp | 15.8 bp −$16 | 24.8 bp −$248 | 149.2 bp −$14.9K | doesn't fit |
| Sell Gate live order book, 2 min ago | 4.77 bp | 18.1 bp −$18 | 58.6 bp −$586 | 94.5 bp −$9,454 | 174.5 bp −$87.3K |
FET on 20 exchanges
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 | −0.4976% | 1h | 0.2094 | −0.095% | $33K | $333K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0648% | 1h | 0.2093 | −0.143% | $148K | $288K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0017% | 1h | 0.2096 | +0.002% | $1.1M | $1.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2093 | −0.135% | $10K | — | 150x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2094 | −0.072% | $165K | $772K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2094 | −0.095% | $32.3M | $112.4M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2094 | −0.095% | $1.1M | $7.9M | 20x | as long as short |
| Gate FET_USDTshort | +0.0100% | 8h | 0.2092 | −0.191% | $3.0M | $12.7M | 50x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2094 | −0.095% | $30.5M | $26.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2095 | −0.048% | $11.1M | $17.5M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0100% | 8h | 0.2093 | −0.143% | $16.8M | $12.4M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2094 | −0.095% | — | $5.7M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2096 | +0.003% | $314K | $572K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2093 | −0.143% | $37K | $11K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2093 | −0.157% | $34K | $209K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0199% / S −0.0277% | 1h | 0.2093 | −0.121% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.2096 | long leg | $1.8M | $3.3M | 100x | |
| Phoenix FET | +0.0453% | 1h | 0.2099 | +0.167% | $36K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0497% | 1h | 0.2097 | +0.052% | $9.3M | $7.9M | 5x | as long as short |
| Injective FET/USDC PERP | +0.2505% | 1h | 0.2100 | +0.191% | $2K | $166K | 12x | as long as short |
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
Phoenix FET
Hyperliquid FET
Injective FET/USDC PERP