Net Carry Monitor

Each month: what a delta-neutral funding trade on the majors kept after fees, slippage and rebalancing, beside the gross funding it collected.

Latest: October 2026 (in progress)

1 Oct 2026, 00:00 UTC → 21 Oct 2026, 00:00 UTC · per 1,000 USDT, in USDT · hypothetical

Dumbbell chart: for each coin, funding received and the amount kept after taker fees, slippage and rebalancing, per 1,000 USDT, 2026-10. Hypothetical.−4−3−2−10+1+2break-evenBTC (BTCUSDT), per 1,000 USDT: funding received +2.00 · taker fees −2.02 · slippage −2.02 · rebalancing (2×) −0.05 · kept −2.09 USDT. 61 funding settlements. Hypothetical, paper calculation.BTC+2.00−2.09SOL (SOLUSDT), per 1,000 USDT: funding received +1.75 · taker fees −2.03 · slippage −2.03 · rebalancing (2×) −0.26 · kept −2.57 USDT. 61 funding settlements. Hypothetical, paper calculation.SOL+1.75−2.57ETH (ETHUSDT), per 1,000 USDT: funding received +1.72 · taker fees −2.03 · slippage −2.03 · rebalancing (2×) −0.23 · kept −2.58 USDT. 61 funding settlements. Hypothetical, paper calculation.ETH+1.72−2.58BNB (BNBUSDT), per 1,000 USDT: funding received +1.26 · taker fees −2.03 · slippage −2.03 · rebalancing (2×) −0.13 · kept −2.92 USDT. 61 funding settlements. Hypothetical, paper calculation.BNB+1.26−2.92XRP (XRPUSDT), per 1,000 USDT: funding received +1.08 · taker fees −2.02 · slippage −2.02 · rebalancing (2×) −0.24 · kept −3.19 USDT. 61 funding settlements. Hypothetical, paper calculation.XRP+1.08−3.19
Dumbbell chart: for each coin, funding received and the amount kept after taker fees, slippage and rebalancing, per 1,000 USDT, 2026-10. Hypothetical.−4−20+2break-evenBTC (BTCUSDT), per 1,000 USDT: funding received +2.00 · taker fees −2.02 · slippage −2.02 · rebalancing (2×) −0.05 · kept −2.09 USDT. 61 funding settlements. Hypothetical, paper calculation.BTC+2.00−2.09SOL (SOLUSDT), per 1,000 USDT: funding received +1.75 · taker fees −2.03 · slippage −2.03 · rebalancing (2×) −0.26 · kept −2.57 USDT. 61 funding settlements. Hypothetical, paper calculation.SOL+1.75−2.57ETH (ETHUSDT), per 1,000 USDT: funding received +1.72 · taker fees −2.03 · slippage −2.03 · rebalancing (2×) −0.23 · kept −2.58 USDT. 61 funding settlements. Hypothetical, paper calculation.ETH+1.72−2.58BNB (BNBUSDT), per 1,000 USDT: funding received +1.26 · taker fees −2.03 · slippage −2.03 · rebalancing (2×) −0.13 · kept −2.92 USDT. 61 funding settlements. Hypothetical, paper calculation.BNB+1.26−2.92XRP (XRPUSDT), per 1,000 USDT: funding received +1.08 · taker fees −2.02 · slippage −2.02 · rebalancing (2×) −0.24 · kept −3.19 USDT. 61 funding settlements. Hypothetical, paper calculation.XRP+1.08−3.19
Per 1,000 USDT, in USDT · 1 Oct 2026, 00:00 UTC → 21 Oct 2026, 00:00 UTC · in progress · the gap between the dots is the cost. Hypothetical, paper calculation, net of the stated costs. Not investment advice.
AssetGross fundingTaker feesSlippageRebalanceNet carrySettlements
BTC+2.00−2.02−2.02−0.05−2.0961
ETH+1.72−2.03−2.03−0.23−2.5861
SOL+1.75−2.03−2.03−0.26−2.5761
XRP+1.08−2.02−2.02−0.24−3.1961
BNB+1.26−2.03−2.03−0.13−2.9261

The October 2026 issue and its method →

What the exchanges advertise for this trade

The same trade — long spot, short perpetual, collect funding — as the exchanges sell it. Quoted as displayed, unverified, with the page and the date we read it. Their weights, leverage and venue are not public, so this is the same trade, not the same preset.

  • Pionex

    Arbitrage — Stable (BTC/ETH/SOL)

    "potential annualized yield can range from 10-50% during bear markets and exceed 100% in bull markets"; Stable product APR displayed 0.01–30%; "Past performance does not guarantee future results"

    source · read 2026-10-28 · state incomplete · record

  • Bitget

    Funding Rate Arbitrage Bot — positive arbitrage

    No numeric claim in the guide; the app's pre-launch screen shows "Estimated arbitrage APR for the past 3, 30, and 90 days" (live figure, not a marketing number)

    source · read 2026-10-28 · state incomplete · record

  • OKX

    Arbitrage bot — funding-rate mode ("Fees")

    No numeric claim; screen shows "expected APYs and current funding rates"; page calls the strategy "low risk, as the two positions cancel each other out"

    source · read 2026-10-28 · state discovered · record

Archive

  • 2026-10 in progress, as of 21 Oct 2026, 00:00 UTC · carry-1.0

Data

Download CSVdatapackage.json

CC BY 4.0 on Fygga’s calculation. Computed from Binance USDⓈ-M public funding history; the raw funding records are not redistributed. Not investment advice.