Funding you earn now, next payment 06:00 UTC−0.0788%/8h= −86.3% APRpaid last 24h −0.091%
Price spread now: Coinbase International against Orderly+0.447%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Coinbase International is 0.447% dearer against Orderly than usual: you sell high and buy low (spread +0.447% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_FET_USDC | 0.2014 | 0.0100 | pay 0.0100% / 8h | 1h 57m | $38K | $7K | 10x |
| Short | Coinbase International FET-PERP-INTX | 0.2023 | −0.0688 | pay 0.0086% / 1h | 57m 33s | $152K | $265K | 50x |
Orderly PERP_FET_USDC
Coinbase International FET-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Orderly. 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
- −$165.48
- Price spread: +0.447% → 0.000%
- $44.69
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$136.79
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 50 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 50 min ago | 10.08 bp | 58.0 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 | −0.2719% | 1h | 0.2015 | +0.050% | $41K | $312K | 10x | as long as short |
| Coinbase International FET-PERP-INTXshort | −0.0688% | 1h | 0.2023 | +0.447% | $152K | $265K | 50x | |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2015 | +0.043% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.199% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2011 | −0.150% | $191K | $817K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2013 | −0.063% | $30.7M | $114.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2011 | −0.149% | $2.7M | $12.8M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | 0.000% | $29.9M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | +0.199% | $10.5M | $18.4M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2019 | +0.255% | $287K | $491K | — | as long as short |
Deribit FET_USDC-PERPETUAL
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDClong | +0.0100% | 8h | 0.2014 | long leg | $38K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2011 | −0.166% | $33K | $202K | 10x | as long as short |
| BingX FET-USDT | +0.0195% | 8h | 0.2012 | −0.099% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2015 | +0.042% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0206% | 8h | 0.2013 | −0.050% | $16.4M | $11.9M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2014 | 0.000% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0469% | 4h | 0.2015 | +0.050% | $998K | $8.3M | 20x | as long as short |
| Hyperliquid FET | +0.0624% | 1h | 0.2018 | +0.199% | $8.5M | $8.4M | 5x | as long as short |
| Kraken Futures PF_FETUSD | +0.0644% | 1h | 0.2017 | +0.160% | $1.0M | $2.2M | 50x | as long as short |
| Phoenix FET | +0.0649% | 1h | 0.2017 | +0.149% | $35K | $37K | 5x | as long as short |
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
BloFin FET-USDT
OKX FET-USDT-SWAP
Hyperliquid FET
Kraken Futures PF_FETUSD
Phoenix FET