Funding you earn now, next payment 09:00 UTC−0.2801%/8h= −306.7% APRpaid last 24h −0.741%
Price spread now: Deribit against Gate+0.148%7-day average +0.057% · 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−$58as in the Price arb table
costs, in and out, $10k−$680.676% of the position
Funding, last 6 days (all we have)−0.877%−$88 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.148%, 7d avg +0.057%
=The price spread pays, funding is against you. Deribit is 0.091% dearer against Gate than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of +0.057%): +$9 on $10k if it goes back. Holding the pair costs −$84 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 6 days (−0.877% in total) that is about 15 hours.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.877% in total (about -53.3% 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 | Gate FET_USDT | 0.2024 | 0.0100 | pay 0.0100% / 8h | 7h 52m | $2.8M | $12.0M | 50x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2027 | −0.2701 | pay 0.0338% / 1h | 52m 52s | $42K | $313K | 10x |
Gate FET_USDT
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- −$588.27
- Price spread: +0.148% → +0.057%
- $9.13
- Slippage, 4 orders
- −$45.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$646.69
- Costs to cover
- 0.676%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 46 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 Gate live order book, 1 min ago | 2.47 bp | 20.7 bp −$21 | 42.6 bp −$426 | 55.7 bp −$5,567 | doesn't fit |
| Sell Deribit live order book, 46 min ago | 9.95 bp | 13.4 bp −$13 | doesn't fit | 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-PERPETUALshort | −0.2701% | 1h | 0.2027 | +0.148% | $42K | $313K | 10x | |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2024 | 0.000% | $146K | $267K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0303% | 1h | 0.2030 | +0.306% | $1.0M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2017 | −0.324% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.692% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2027 | +0.173% | $188K | $752K | 10x | as long as short |
| Gate FET_USDTlong | +0.0100% | 8h | 0.2024 | long leg | $2.8M | $12.0M | 50x | |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2025 | +0.049% | $10.5M | $17.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2017 | −0.338% | $286K | $534K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2026 | +0.099% | $36K | $11K | 10x | as long as short |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0113% | 8h | 0.2025 | +0.049% | $16.6M | $11.7M | 75x | as long as short |
| BingX FET-USDT | +0.0126% | 8h | 0.2024 | 0.000% | — | $5.9M | — | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2027 | +0.170% | $30K | $204K | 10x | as long as short |
| MEXC FET_USDT | +0.0128% | 8h | 0.2024 | 0.000% | $30.0M | $25.0M | 200x | as long as short |
| Binance FETUSDT | +0.0130% | 8h | 0.2024 | 0.000% | $30.9M | $111.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2019 | −0.233% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0226% | 4h | 0.2023 | −0.049% | $1.0M | $8.0M | 20x | as long as short |
| BloFin FET-USDT | +0.0250% | 8h | 0.2021 | −0.148% | $1.7M | $3.2M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2017 | −0.331% | $35K | $35K | 5x | as long as short |
| Hyperliquid FET | +0.0701% | 1h | 0.2024 | +0.017% | $8.5M | $8.5M | 5x | as long as short |
Bitget FETUSDT
BingX FET-USDT
Extended FET-USD
MEXC FET_USDT
Binance FETUSDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
BloFin FET-USDT
Phoenix FET
Hyperliquid FET