Funding you earn now, next payment 02:00 UTC+0.5304%/8h= +580.7% APRpaid last 24h +0.459%
Price spread now: MEXC against Deribit+0.050%7-day average −0.039% · 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−$22as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 6 days (all we have)+0.593%+$59 on $10k
+Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.050%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$159 a day on $10k at the current rate, and MEXC is 0.088% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.039%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.593% in total (about 37.8% 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 | Deribit FET_USDC-PERPETUAL | 0.2006 | −0.5204 | get 0.0650% / 1h | 42m 14s | $29K | $231K | 10x |
| Short | MEXC FET_USDT | 0.2007 | 0.0100 | get 0.0100% / 8h | 6h 42m | $31.2M | $24.8M | 200x |
Deribit FET_USDC-PERPETUAL
MEXC FET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1,113.76
- Price spread: +0.050% → −0.039%
- $8.84
- Slippage, 4 orders
- −$23.86
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $1,091.74
- Costs to cover
- 0.309%
- Break-even
- 0.1 days
Slippage from Deribit: live order book, 26 min ago; MEXC: 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, 26 min ago | 4.87 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.48 bp | 6.9 bp −$7 | 14.8 bp −$148 | 56.5 bp −$5,651 | 172.4 bp −$86.2K |
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-PERPETUALlong | −0.5204% | 1h | 0.2006 | long leg | $29K | $231K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2003 | −0.150% | $146K | $214K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0747% | 1h | 0.2007 | +0.025% | $976K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0023% | 1h | 0.2006 | −0.024% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.199% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0091% | 8h | 0.2004 | −0.100% | $2.7M | $12.2M | 50x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2007 | +0.065% | $8.9M | $8.3M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2007 | +0.053% | $305K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2006 | −0.008% | $31.2M | $112.0M | 75x | as long as short |
| MEXC FET_USDTshort | +0.0100% | 8h | 0.2007 | +0.050% | $31.2M | $24.8M | 200x |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Hyperliquid FET
Aster FETUSDT
Binance FETUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2006 | 0.000% | $10.5M | $19.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2016 | +0.508% | $333K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2004 | −0.100% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2006 | −0.021% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0143% | 4h | 0.2007 | +0.050% | $992K | $8.0M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2004 | −0.121% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2020 | +0.698% | $1.7M | $2.8M | 100x | as long as short |
| BingX FET-USDT | +0.0295% | 8h | 0.2009 | +0.150% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0323% | 8h | 0.2006 | 0.000% | $16.1M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2019 | +0.673% | $35K | $43K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET