Funding you earn now, next payment 08:00 UTC−0.0255%/8h= −27.9% APRpaid last 24h −0.017%
Price spread now: Binance against OKX+0.026%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now +0.026%, 7d avg +0.039%
=The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% 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 | OKX FET-USDT-SWAP | 0.2007 | 0.0388 | pay 0.0194% / 4h | 1h 05m | $992K | $8.1M | 20x |
| Short | Binance FETUSDT | 0.2008 | 0.0133 | get 0.0133% / 8h | 1h 05m | $30.7M | $114.3M | 75x |
OKX FET-USDT-SWAP
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$53.6
- Price spread: +0.026% → +0.039%
- −$1.35
- Slippage, 4 orders
- −$32.05
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.99
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 7 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 OKX live order book, 2 min ago | 4.99 bp | 20.4 bp −$20 | 59.0 bp −$590 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.49 bp | 11.0 bp −$11 | 20.3 bp −$203 | 111.6 bp −$11.2K | 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-PERPETUAL | −0.3720% | 1h | 0.2007 | 0.000% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0688% | 1h | 0.2012 | +0.249% | $151K | $264K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2006 | −0.028% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.149% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2008 | +0.057% | $187K | $817K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2006 | −0.050% | $2.6M | $12.9M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2007 | 0.000% | $10.5M | $18.2M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2008 | +0.057% | $285K | $506K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2008 | +0.050% | $36K | $11K | 10x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2007 | +0.012% | $37K | $203K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FET_USDT | +0.0130% | 8h | 0.2007 | 0.000% | $29.6M | $25.3M | 200x | as long as short |
| Binance FETUSDTshort | +0.0133% | 8h | 0.2008 | +0.026% | $30.7M | $114.3M | 75x | |
| BingX FET-USDT | +0.0194% | 8h | 0.2008 | +0.050% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0196% | 8h | 0.2008 | +0.050% | $16.3M | $11.8M | 75x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2008 | +0.041% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0250% | 8h | 0.2006 | −0.050% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0388% | 4h | 0.2007 | long leg | $992K | $8.1M | 20x | |
| Phoenix FET | +0.0635% | 1h | 0.2011 | +0.174% | $35K | $38K | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0647% | 1h | 0.2009 | +0.101% | $992K | $2.2M | 50x | as long as short |
| Hyperliquid FET | +0.0661% | 1h | 0.2009 | +0.110% | $8.5M | $8.4M | 5x | as long as short |
MEXC FET_USDT
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET
Kraken Futures PF_FETUSD
Hyperliquid FET