Funding you earn now, next payment 11:00 UTC+0.6181%/8h= +676.8% APRpaid last 24h +0.819%
Price spread now: BloFin against Deribit+0.337%57s7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.621% of the position
Funding, last 6 days (all we have)+1.184%+$118 on $10k
+Price spread, last 4 days (all we have)−0.337%−$34 · spread now +0.337%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays +$185 a day on $10k at the current rate, and BloFin is 0.282% dearer against Deribit than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.055%. The two prices were read 57 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 6 days it paid 1.184% in total (about 71.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FET_USDC-PERPETUAL | 0.2080 | −0.5961 | get 0.0745% / 1h | 54m 18s | $33K | $324K | 10x |
| Short | BloFin FET-USDT | 0.2087 | 0.0220 | get 0.0220% / 8h | 5h 54m | $1.8M | $3.3M | 100x |
Deribit FET_USDC-PERPETUAL
BloFin FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $1,298.05
- Price spread: +0.337% → +0.055%
- $28.18
- Slippage, 4 orders
- −$43.11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $1,264.12
- Costs to cover
- 0.621%
- Break-even
- 0.2 days
Slippage from Deribit: live order book, 57 min ago; BloFin: 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 Deribit live order book, 57 min ago | 7.17 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 14.39 bp | 20.4 bp −$20 | 21.3 bp −$213 | 71.5 bp −$7,149 | doesn't fit |
FET on 20 exchanges
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-PERPETUALlong | −0.5961% | 1h | 0.2080 | long leg | $33K | $324K | 10x | |
| Kraken Futures PF_FETUSD | −0.1152% | 1h | 0.2082 | +0.108% | $1.0M | $2.0M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2090 | +0.481% | $148K | $271K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2079 | −0.034% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +0.962% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2081 | +0.072% | $161K | $746K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2081 | +0.065% | $32.1M | $110.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2080 | 0.000% | $1.1M | $7.7M | 20x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2080 | 0.000% | $2.9M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2080 | 0.000% | $29.9M | $25.3M | 200x | as long as short |
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
Gate FET_USDT
MEXC FET_USDTShow all 20 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2082 | +0.096% | $11.1M | $17.3M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2079 | −0.048% | $16.6M | $12.2M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2080 | 0.000% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2086 | +0.287% | $314K | $562K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2079 | −0.048% | $37K | $13K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2080 | −0.022% | $35K | $216K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0203% / S −0.0302% | 1h | 0.2083 | +0.158% | $14K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2087 | +0.337% | $1.8M | $3.3M | 100x | |
| Hyperliquid FET | +0.0402% | 1h | 0.2084 | +0.216% | $9.3M | $7.6M | 5x | as long as short |
| Phoenix FET | +0.0453% | 1h | 0.2100 | +0.971% | $36K | $36K | 5x | as long as short |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
Hyperliquid FET
Phoenix FET