Funding you earn now, next payment 03:00 UTC+0.1084%/8h= +118.7% APRpaid last 24h +0.052%
Price spread now: Orderly against Coinbase International+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Orderly is 0.049% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FET-PERP-INTX | 0.2021 | −0.0984 | get 0.0123% / 1h | 24m 45s | $146K | $239K | 50x |
| Short | Orderly PERP_FET_USDC | 0.2022 | 0.0100 | get 0.0100% / 8h | 4h 24m | $38K | $7K | 10x |
Coinbase International FET-PERP-INTX
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $227.64
- Price spread: +0.049% → 0.000%
- $4.95
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $216.59
- Costs to cover
- 0.160%
- Break-even
- 0.3 days
Slippage unknown: Coinbase International: live order book, 33 min ago; Orderly: no order-book sample. Net counts fees only.
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, 33 min ago | 9.80 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3691% | 1h | 0.2022 | +0.049% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTXlong | −0.0984% | 1h | 0.2021 | long leg | $146K | $239K | 50x | |
| Kraken Futures PF_FETUSD | −0.0454% | 1h | 0.2025 | +0.184% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.2021 | −0.018% | $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 | 0.2018 | −0.133% | $201K | $805K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2019 | −0.099% | $30.9M | $113.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2019 | −0.099% | $2.7M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2018 | −0.148% | $30.1M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2020 | −0.049% | $10.6M | $18.9M | 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 | 0.2017 | −0.192% | $337K | $418K | — | as long as short |
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.2022 | +0.049% | $38K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2019 | −0.077% | $33K | $252K | 10x | as long as short |
| Hyperliquid FET | +0.0170% | 1h | 0.2022 | +0.045% | $8.8M | $8.4M | 5x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2020 | −0.027% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2021 | 0.000% | $1.7M | $3.1M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0231% | 4h | 0.2020 | −0.049% | $1.0M | $8.2M | 20x | as long as short |
| BingX FET-USDT | +0.0281% | 8h | 0.2020 | −0.049% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0292% | 8h | 0.2021 | 0.000% | $16.4M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2032 | +0.554% | $35K | $39K | 5x | as long as short |
Variational Omni FET
Extended FET-USD
Hyperliquid FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET