Funding you earn now, next payment 11:00 UTC−0.6523%/8h= −714.3% APRpaid last 24h −0.803%
Price spread now: Deribit against OKX0.000%56s7-day average −0.018% · 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−$610.612% of the position
Funding, last 6 days (all we have)−0.982%−$98 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now 0.000%, 7d avg −0.018%
=The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$196 a day on $10k at the current rate. The two prices were read 56 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 -0.982% in total (about -58.9% 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 | OKX FET-USDT-SWAP | 0.2084 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $1.1M | $7.7M | 20x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2084 | −0.6423 | pay 0.0803% / 1h | 55m 27s | $33K | $324K | 10x |
OKX FET-USDT-SWAP
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$1,369.83
- Price spread: 0.000% → −0.018%
- $1.82
- Slippage, 4 orders
- −$44.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$1,429.23
- Costs to cover
- 0.612%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; Deribit: live order book, 56 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, 6 min ago | 2.38 bp | 24.3 bp −$24 | 75.4 bp −$754 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 56 min ago | 7.17 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | 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-PERPETUALshort | −0.6423% | 1h | 0.2084 | 0.000% | $33K | $324K | 10x | |
| Coinbase International FET-PERP-INTX | −0.1152% | 1h | 0.2090 | +0.288% | $148K | $271K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.1149% | 1h | 0.2087 | +0.151% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0003% | 1h | 0.2094 | +0.481% | $10K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | +0.768% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2084 | 0.000% | $162K | $746K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2084 | +0.005% | $32.2M | $110.9M | 75x | as long as short |
| OKX FET-USDT-SWAPlong | +0.0100% | 4h | 0.2084 | long leg | $1.1M | $7.7M | 20x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2083 | −0.048% | $2.9M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2083 | −0.048% | $30.4M | $25.2M | 200x | as long as short |
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
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 | 0.2085 | +0.048% | $11.1M | $17.2M | 50x | as long as short |
| Bitget FETUSDT | +0.0100% | 8h | 0.2084 | 0.000% | $16.6M | $12.2M | 75x | as long as short |
| BingX FET-USDT | +0.0100% | 8h | 0.2084 | 0.000% | — | $5.8M | — | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2086 | +0.094% | $314K | $562K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2082 | −0.096% | $37K | $13K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2086 | +0.101% | $38K | $213K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0199% / S −0.0277% | 1h | 0.2085 | +0.035% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2098 | +0.672% | $1.8M | $3.3M | 100x | as long as short |
| Hyperliquid FET | +0.0362% | 1h | 0.2087 | +0.120% | $9.3M | $7.8M | 5x | as long as short |
| Phoenix FET | +0.0453% | 1h | 0.2100 | +0.777% | $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]
BloFin FET-USDT
Hyperliquid FET
Phoenix FET