Funding arb · Price arb /

FET

all FET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.010%

Price spread now: OKX against Binance+0.182%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.182%, 7d avg −0.040%

Together, before fees−0.150%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.221% dearer against Binance than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FETUSDT	0.2019	0.0100	pay 0.0100% / 8h	6h 29m	$31.2M	$112.6M	75x
Short	OKX FET-USDT-SWAP	0.2023	0.0159	get 0.0079% / 4h	2h 29m	$990K	$8.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now +0.182%Rate

Funding earned: $12.33
Price spread: +0.182% → −0.040%: $22.14
Slippage, 4 orders: −$38.5
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.03
Costs to cover: 0.585%
Break-even: 20.6 days

Slippage from Binance: live order book, 14 min ago; OKX: live order book, 4 min ago.

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 Binance live order book, 14 min ago	2.49 bp	9.6 bp −$10	22.9 bp −$229	196.9 bp −$19.7K	doesn't fit
Sell OKX live order book, 4 min ago	2.48 bp	20.2 bp −$20	66.4 bp −$664	doesn't fit	doesn't fit

FET on 19 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	−0.5171%	1h	0.2018	−0.066%	$29K	$231K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0760%	1h	0.2027	+0.380%	$148K	$217K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0742%	1h	0.2020	+0.022%	$984K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0015%	1h	0.2021	+0.082%	$23K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−0.462%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2021	+0.101%	$260K	$718K	10x	as long as short
Binance FETUSDTlong	+0.0100%	8h	0.2019	long leg	$31.2M	$112.6M	75x
Gate FET_USDT	+0.0100%	8h	0.2021	+0.083%	$2.7M	$12.4M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2021	+0.083%	$31.8M	$25.0M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2025	+0.281%	$10.6M	$19.1M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2017	−0.106%	$333K	$420K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2019	−0.017%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2020	+0.056%	$33K	$247K	10x	as long as short
OKX FET-USDT-SWAPshort	+0.0159%	4h	0.2023	+0.182%	$990K	$8.1M	20x
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2019	−0.033%	$14K	—	100x	as long as short
Hyperliquid FET	+0.0209%	1h	0.2024	+0.256%	$9.0M	$8.3M	5x	as long as short
BingX FET-USDT	+0.0326%	8h	0.2021	+0.083%	—	$6.0M	—	as long as short
Bitget FETUSDT	+0.0356%	8h	0.2022	+0.132%	$16.3M	$11.7M	75x	as long as short
Phoenix FET	+0.0474%	1h	0.2020	+0.023%	$35K	$43K	5x	as long as short