Funding you earn now, next payment 05:00 UTC+0.1252%/8h= +137.1% APRpaid last 24h +0.091%
Price spread now: MEXC against Coinbase International−0.902%51s7-day average −0.356% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as 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−$1311.313% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)+0.835%+$83 · spread now −0.902%, 7d avg −0.356%
=Funding pays, the price is against you. MEXC is 0.547% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.902% now, against its 7-day average of −0.356%). If the spread goes back, that is −$55 on $10k: about 35 hours of funding at the current rate (+$38 a day). At the pace of the last 7 days (+0.191% in total) that is about 20 days. The two prices were read 51 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 0.191% in total (about 10.0% 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 | 0.1995 | −0.1152 | get 0.0144% / 1h | 30m 26s | $149K | $259K | 50x |
| Short | MEXC FET_USDT | 0.1977 | 0.0100 | get 0.0100% / 8h | 2h 30m | $29.4M | $25.1M | 200x |
Coinbase International FET-PERP-INTX
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $262.92
- Price spread: −0.902% → −0.356%
- −$54.68
- Slippage, 4 orders
- −$121.29
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $76.95
- Costs to cover
- 1.313%
- Break-even
- 5.0 days
Slippage from Coinbase International: live order book, 17 min ago; MEXC: live order book, 3 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, 17 min ago | 10.08 bp | 66.3 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.53 bp | 2.5 bp −$3 | 9.2 bp −$92 | 39.3 bp −$3,925 | 159.0 bp −$79.5K |
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 | −0.3280% | 1h | 0.1976 | −0.952% | $38K | $299K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.1152% | 1h | 0.1995 | long leg | $149K | $259K | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1974 | −1.072% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.752% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1976 | −0.942% | $188K | $810K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1976 | −0.952% | $30.1M | $114.5M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1973 | −1.103% | $2.6M | $12.8M | 50x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.1977 | −0.902% | $29.4M | $25.1M | 200x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1975 | −1.003% | $10.3M | $18.5M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1977 | −0.893% | $271K | $479K | — | as long as short |
Deribit FET_USDC-PERPETUAL
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1976 | −0.952% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1975 | −1.011% | $33K | $198K | 10x | as long as short |
| Bitget FETUSDT | +0.0191% | 8h | 0.1976 | −0.952% | $15.9M | $11.9M | 75x | as long as short |
| BingX FET-USDT | +0.0195% | 8h | 0.1975 | −1.003% | — | $6.0M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1973 | −1.105% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1979 | −0.802% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0367% | 4h | 0.1977 | −0.902% | $971K | $8.1M | 20x | as long as short |
| Kraken Futures PF_FETUSD | +0.0464% | 1h | 0.1979 | −0.805% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.1996 | +0.065% | $35K | $37K | 5x | as long as short |
| Hyperliquid FET | +0.0840% | 1h | 0.1977 | −0.902% | $8.4M | $8.4M | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Kraken Futures PF_FETUSD
Phoenix FET
Hyperliquid FET