Funding you earn now, next payment 23:00 UTC+0.1067%/8h= +116.8% APRpaid last 24h −0.007%
Price spread now: Bitget against Coinbase International+0.049%7-day average −0.319% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$670.671% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.049%, 7d avg −0.319%
=Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Bitget is 0.368% dearer against Coinbase International than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.319%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.218% in total (about 11.4% 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 | 0.2051 | −0.0728 | get 0.0091% / 1h | 51m 18s | $153K | $205K | 50x |
| Short | Bitget FETUSDT | 0.2052 | 0.0339 | get 0.0339% / 8h | 51m 18s | $16.6M | $11.4M | 75x |
Coinbase International FET-PERP-INTX
Bitget FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $224.07
- Price spread: +0.049% → −0.319%
- $36.78
- Slippage, 4 orders
- −$45.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $193.78
- Costs to cover
- 0.671%
- Break-even
- 0.9 days
Slippage from Coinbase International: live order book, 27 min ago; Bitget: 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 Coinbase International live order book, 27 min ago | 7.45 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.87 bp | 14.8 bp −$15 | 29.8 bp −$298 | 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 | −0.2667% | 1h | 0.2051 | 0.000% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0728% | 1h | 0.2051 | long leg | $153K | $205K | 50x | |
| Kraken Futures PF_FETUSD | −0.0475% | 1h | 0.2052 | +0.064% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2050 | −0.042% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.999% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0070% | 8h | 0.2049 | −0.098% | $2.9M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2052 | +0.041% | $343K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2051 | −0.021% | $32.1M | $108.0M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2050 | −0.049% | $34.6M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2051 | 0.000% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
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 | 0.2046 | −0.233% | $289K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2050 | −0.049% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2050 | −0.029% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2050 | −0.064% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2049 | −0.098% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0321% | 8h | 0.2052 | +0.049% | — | $5.6M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0330% | 4h | 0.2053 | +0.098% | $1.0M | $7.8M | 20x | as long as short |
| Bitget FETUSDTshort | +0.0339% | 8h | 0.2052 | +0.049% | $16.6M | $11.4M | 75x | |
| Phoenix FET | +0.0508% | 1h | 0.2049 | −0.112% | $36K | $45K | 5x | as long as short |
| Hyperliquid FET | +0.0998% | 1h | 0.2054 | +0.137% | $9.1M | $7.9M | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Phoenix FET
Hyperliquid FET