Funding you earn now, next payment 04:00 UTC+0.1434%/8h= +157.0% APRpaid last 24h +0.090%
Price spread now: BingX against Coinbase International−0.990%53s7-day average −0.326% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as 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−$620.615% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 4 days (all we have)+0.971%+$97 · spread now −0.990%, 7d avg −0.326%
=Funding pays, the price is against you. BingX is 0.663% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.990% now, against its 7-day average of −0.326%). If the spread goes back, that is −$66 on $10k: about 37 hours of funding at the current rate (+$43 a day). At the pace of the last 7 days (+0.269% in total) that is about 17 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% 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 | Coinbase International FET-PERP-INTX | 0.2021 | −0.1192 | get 0.0149% / 1h | 49m 30s | $143K | $251K | 50x |
| Short | BingX FET-USDT | 0.2001 | 0.0242 | get 0.0242% / 8h | 3h 49m | — | $5.9M | — |
Coinbase International FET-PERP-INTX
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- $301.14
- Price spread: −0.990% → −0.326%
- −$66.31
- Slippage, 4 orders
- −$41.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $173.32
- Costs to cover
- 0.615%
- Break-even
- 3.0 days
Slippage from Coinbase International: live order book, 3 min ago; BingX: 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 Coinbase International live order book, 3 min ago | 7.42 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 4.94 bp | 9.9 bp −$10 | 16.9 bp −$169 | 50.9 bp −$5,095 | 354.4 bp −$177.2K |
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 | −0.4210% | 1h | 0.2009 | −0.594% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.1192% | 1h | 0.2021 | long leg | $143K | $251K | 50x | |
| Kraken Futures PF_FETUSD | −0.0364% | 1h | 0.2012 | −0.450% | $991K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2000 | −1.052% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.544% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2002 | −0.949% | $193K | $811K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2001 | −1.008% | $30.7M | $113.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1999 | −1.089% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1999 | −1.089% | $31.0M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2001 | −0.990% | $10.5M | $18.7M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
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 | 0.2019 | −0.092% | $278K | $477K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1999 | −1.089% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2003 | −0.906% | $33K | $253K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.1998 | −1.141% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | −0.049% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDTshort | +0.0242% | 8h | 0.2001 | −0.990% | — | $5.9M | — | |
| Bitget FETUSDT | +0.0252% | 8h | 0.2001 | −0.990% | $16.2M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0273% | 4h | 0.2001 | −0.990% | $1.0M | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.2016 | −0.247% | $35K | $38K | 5x | as long as short |
| Hyperliquid FET | +0.0564% | 1h | 0.2001 | −0.965% | $8.6M | $8.5M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET