Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.056%

Price spread now: GMX against Aster−0.044%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.044% cheaper against Aster than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster FETUSDT	0.2053	0.0100	pay 0.0100% / 8h	7h 20m	$340K	$544K	10x
Short	GMX FET/USD [ETH-USDC]	0.2052	L +0.0201% / S −0.0278%	get 0.0035% / 1h	20m 02s	$14K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $37.33
Price spread: −0.044% → 0.000%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.95
Costs to cover: 0.200%
Break-even: 4.6 days

Slippage unknown: Aster: live order book, 52 min ago; GMX: no order-book sample. 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 Aster live order book, 52 min ago	14.68 bp	26.6 bp −$27	302.8 bp −$3,028	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.4117%	1h	0.2052	−0.026%	$29K	$223K	10x	as long as short
Kraken Futures PF_FETUSD	−0.1260%	1h	0.2054	+0.095%	$999K	$2.2M	50x	as long as short
Coinbase International FET-PERP-INTX	−0.0704%	1h	0.2051	−0.074%	$151K	$214K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0022%	1h	0.2053	+0.002%	$21K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−2.072%	$3K	$166K	12x	as long as short
Aster FETUSDTlong	+0.0100%	8h	0.2053	long leg	$340K	$544K	10x
Binance FETUSDT	+0.0100%	8h	0.2054	+0.059%	$32.2M	$110.7M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2051	−0.074%	$2.9M	$12.3M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2052	−0.026%	$34.9M	$25.0M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2055	+0.120%	$10.9M	$19.2M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2051	−0.067%	$361K	$399K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2052	−0.026%	$38K	$6K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2054	+0.080%	$34K	$248K	10x	as long as short
GMX FET/USD [ETH-USDC]short	L +0.0201% / S −0.0278%	1h	0.2052	−0.044%	$14K	—	100x
BloFin FET-USDT	+0.0220%	8h	0.2051	−0.074%	$1.7M	$2.7M	100x	as long as short
BingX FET-USDT	+0.0295%	8h	0.2053	+0.023%	—	$5.7M	—	as long as short
OKX FET-USDT-SWAP	+0.0303%	4h	0.2056	+0.169%	$1.0M	$8.2M	20x	as long as short
Bitget FETUSDT	+0.0305%	8h	0.2057	+0.218%	$16.6M	$11.6M	75x	as long as short
Hyperliquid FET	+0.0449%	1h	0.2055	+0.135%	$9.2M	$8.3M	5x	as long as short
Phoenix FET	+0.0467%	1h	0.2060	+0.374%	$36K	$45K	5x	as long as short