Funding you earn now, next payment 01:00 UTC−0.2264%/8h= −247.9% APRpaid last 24h −0.406%
Price spread now: Deribit against Orderly+0.097%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. Deribit is 0.097% dearer against Orderly than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$68 a day in funding at the current rate, which eats that in about 3 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_FET_USDC | 0.2064 | 0.0100 | pay 0.0100% / 8h | 7h 34m | $38K | $6K | 10x |
| Short | Deribit FET_USDC-PERPETUAL | 0.2066 | −0.2164 | pay 0.0271% / 1h | 34m 31s | $40K | $213K | 10x |
Orderly PERP_FET_USDC
Deribit FET_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$475.5
- Price spread: +0.097% → 0.000%
- $9.69
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$478.81
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 39 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 Deribit live order book, 39 min ago | 4.90 bp | 8.4 bp −$8 | 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-PERPETUALshort | −0.2164% | 1h | 0.2066 | +0.097% | $40K | $213K | 10x | |
| Kraken Futures PF_FETUSD | −0.1252% | 1h | 0.2066 | +0.114% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2068 | +0.194% | $154K | $209K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2068 | +0.175% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.616% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2068 | +0.193% | $344K | $542K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2070 | +0.287% | $32.4M | $110.1M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2067 | +0.145% | $2.8M | $12.1M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2066 | +0.097% | $35.0M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2070 | +0.291% | $10.9M | $19.2M | 50x | as long as short |
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2065 | +0.057% | $363K | $399K | — | as long as short |
| Orderly PERP_FET_USDClong | +0.0100% | 8h | 0.2064 | long leg | $38K | $6K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2068 | +0.173% | $34K | $246K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2064 | +0.007% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2065 | +0.048% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2069 | +0.242% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0302% | 8h | 0.2073 | +0.436% | $16.7M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0303% | 4h | 0.2077 | +0.630% | $1.1M | $8.2M | 20x | as long as short |
| Hyperliquid FET | +0.0392% | 1h | 0.2073 | +0.445% | $9.3M | $8.1M | 5x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2066 | +0.116% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Hyperliquid FET
Phoenix FET