Funding you earn now, next payment 20:00 UTC+0.1500%/8hnext payment +$1.88 per $10,000 · paid last 24h +0.014%
Price spread now: Injective against Extended−0.090%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.235%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Injective is 0.090% cheaper against Extended than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.235% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.235% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 per $10,000. 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 | Extended FET-USD | 0.2002 | 0.0104 | pay 0.0013% / 1h | 6m 25s | $32K | $144K | 10x |
| Short | Injective FET/USDC PERP | 0.2000 | 0.1604 | get 0.0201% / 1h | 6m 25s | $3K | $94K | 12x |
Extended FET-USD
Injective FET/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- $315.05
- Price spread: −0.090% → 0.000%
- −$8.99
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $301.04
- Costs to cover
- 0.050%
- Break-even
- 0.3 days
Slippage unknown: Extended: live order book, 23 min ago; Injective: 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 Extended live order book, 23 min ago | 8.48 bp | 16.5 bp −$16 | 134.0 bp −$1,340 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.2243% | 1h | 0.2001 | −0.040% | $16K | $219K | 10x | as long as short |
| Gate FET_USDT | −0.0122% | 8h | 0.1999 | −0.140% | $2.7M | $11.7M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2000 | −0.068% | $31K | — | 150x | as long as short |
| Coinbase International FET-PERP-INTX | +0.0064% | 1h | 0.2009 | +0.360% | $180K | $137K | 50x | as long as short |
| Orderly PERP_FET_USDC | +0.0080% | 8h | 0.2000 | −0.090% | $37K | $4K | 10x | as long as short |
| Hyperliquid FET | +0.0100% | 1h | 0.2004 | +0.100% | $9.0M | $6.9M | 5x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2003 | +0.060% | $341K | $519K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2002 | +0.010% | $31.2M | $106.2M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2004 | +0.110% | $846K | $7.4M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2002 | +0.010% | $36.6M | $24.4M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Gate FET_USDT
gTrade (Gains Network) FET/USD
Coinbase International FET-PERP-INTX
Orderly PERP_FET_USDC
Hyperliquid FET
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2002 | +0.010% | $10.2M | $18.2M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2005 | +0.160% | $16.3M | $11.3M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2002 | +0.010% | — | $5.5M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2009 | +0.384% | $270K | $299K | — | as long as short |
| Extended FET-USDlong | +0.0104% | 1h | 0.2002 | long leg | $32K | $144K | 10x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2000 | −0.071% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2003 | +0.060% | $1.7M | $2.5M | 100x | as long as short |
| Phoenix FET | +0.0397% | 1h | 0.2011 | +0.460% | $27K | $54K | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0422% | 1h | 0.2002 | +0.021% | $1.1M | $2.1M | 50x | as long as short |
| Injective FET/USDC PERPshort | +0.1604% | 1h | 0.2000 | −0.090% | $3K | $94K | 12x |
KuCoin FETUSDTM
Bitget FETUSDT
BingX FET-USDT
Variational Omni FET
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Kraken Futures PF_FETUSD