Funding you earn now, next payment 21:00 UTC+0.0602%/8h= +65.9% APRpaid last 24h −0.033%
Price spread now: OKX against Coinbase International+0.100%7-day average −0.331% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$890.889% of the position
Funding, last 7 days+0.125%+$13 on $10k
+Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.100%, 7d avg −0.331%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and OKX is 0.431% dearer against Coinbase International than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.331%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% 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 | 0.2005 | −0.0480 | get 0.0060% / 1h | 0m 04s | $157K | $189K | 50x |
| Short | OKX FET-USDT-SWAP | 0.2007 | 0.0122 | get 0.0061% / 4h | 2h 00m | $850K | $7.5M | 20x |
Coinbase International FET-PERP-INTX
OKX FET-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $126.4
- Price spread: +0.100% → −0.331%
- $43.11
- Slippage, 4 orders
- −$68.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $80.59
- Costs to cover
- 0.889%
- Break-even
- 2.5 days
Slippage from Coinbase International: live order book, 23 min ago; OKX: 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, 23 min ago | 12.39 bp | 31.0 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 5.00 bp | 16.9 bp −$17 | 67.4 bp −$674 | 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 | −0.3231% | 1h | 0.2004 | −0.050% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0480% | 1h | 0.2005 | long leg | $157K | $189K | 50x | |
| Gate FET_USDT | +0.0001% | 8h | 0.2001 | −0.200% | $2.7M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2002 | −0.136% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2004 | −0.056% | $1.0M | $2.2M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2001 | −0.178% | $339K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2002 | −0.150% | $31.2M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2002 | −0.150% | $34.5M | $25.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2002 | −0.150% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.1999 | −0.278% | $271K | $316K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
MEXC 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 | 0.2001 | −0.200% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2003 | −0.088% | $32K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0122% | 4h | 0.2007 | +0.100% | $850K | $7.5M | 20x | |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.2001 | −0.181% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1998 | −0.349% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FET | +0.0231% | 1h | 0.2004 | −0.075% | $8.9M | $7.8M | 5x | as long as short |
| BingX FET-USDT | +0.0232% | 8h | 0.2002 | −0.150% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0258% | 8h | 0.2005 | 0.000% | $16.3M | $11.4M | 75x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | +0.249% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.1995 | −0.509% | $27K | $37K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Hyperliquid FET
BingX FET-USDT
Bitget FETUSDT
Injective FET/USDC PERP
Phoenix FET