Settings8H · net · $10k
Funding arb · Price arb /

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Aster+0.039%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$860.857% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.026%−$3 on $10k
Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.039%, 7d avg −0.071%
Together, before fees−0.155%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.111% dearer against Aster than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster FETUSDT0.20120.0100pay 0.0100% / 8h6h 33m$306K$717K10x
ShortExtended FET-USD0.20120.0104get 0.0013% / 1h33m 17s$33K$247K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.039% → −0.071%
$11.08
Slippage, 4 orders
−$72.69
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$73.77
Costs to cover
0.857%
Break-even
621.7 days
Slippage from Aster: live order book, 34 min ago; Extended: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 34 min ago9.73 bp28.2 bp −$28294.1 bp −$2,941doesn't fitdoesn't fit
Sell Extended live order book, 34 min ago8.78 bp13.6 bp −$1436.3 bp −$363doesn't fitdoesn't fit

FET on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.4693%1h0.2013+0.066%$29K$231K10xas long as short
Coinbase International FET-PERP-INTX−0.0760%1h0.2016+0.215%$147K$216K50xas long as short
Kraken Futures PF_FETUSD−0.0744%1h0.2015+0.167%$982K$2.2M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0015%1h0.2012+0.003%$23K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−0.083%$3K$166K12xas long as short
Aster FETUSDTlong+0.0100%8h0.2012long leg$306K$717K10x
Binance FETUSDT+0.0100%8h0.2012+0.016%$31.1M$112.9M75xas long as short
Gate FET_USDT+0.0100%8h0.2012+0.016%$2.7M$12.3M50xas long as short
MEXC FET_USDT+0.0100%8h0.2014+0.116%$31.7M$25.0M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2014+0.116%$10.5M$19.2M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2011−0.024%$332K$420Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2012+0.016%$38K$7K10xas long as short
Extended FET-USDshort+0.0104%1h0.2012+0.039%$33K$247K10x
OKX FET-USDT-SWAP+0.0144%4h0.2015+0.166%$987K$8.1M20xas long as short
Hyperliquid FET+0.0168%1h0.2015+0.176%$9.0M$8.3M5xas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2012−0.001%$13K100xas long as short
BingX FET-USDT+0.0314%8h0.2015+0.166%$6.0Mas long as short
Bitget FETUSDT+0.0346%8h0.2015+0.166%$16.2M$11.8M75xas long as short
Phoenix FET+0.0474%1h0.2020+0.404%$35K$43K5xas long as short