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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0073%/8h= −8.0% APRnext payment $0.73 per $10,000 · paid last 24h −0.019%
Price spread now: Aster against BingX−0.049%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$700.703% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.049%, 7d avg +0.040%
Together, before fees+0.083%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.089% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX FET-USDT0.20210.0173pay 0.0173% / 8h43m 38s$5.9M
ShortAster FETUSDT0.20200.0100get 0.0100% / 8h43m 38s$188K$751K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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
−$15.33
Price spread: −0.049% → +0.040%
−$8.86
Slippage, 4 orders
−$52.27
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$94.46
Costs to cover
0.703%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; Aster: live order book, 59 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 BingX live order book, 6 min ago2.48 bp15.0 bp −$1519.8 bp −$19879.0 bp −$7,903347.5 bp −$173.8K
Sell Aster live order book, 59 min ago12.52 bp28.3 bp −$28268.7 bp −$2,687doesn't fitdoesn't fit

FET on 20 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−0.2708%1h0.2022+0.049%$42K$313K10xas long as short
Coinbase International FET-PERP-INTX−0.0792%1h0.2023+0.099%$152K$263K50xas long as short
Kraken Futures PF_FETUSD−0.0011%1h0.2023+0.105%$998K$2.1M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0004%1h0.2021−0.021%$20K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−0.544%$3K$166K12xas long as short
Aster FETUSDTshort+0.0100%8h0.2020−0.049%$188K$751K10x
Gate FET_USDT+0.0100%8h0.2020−0.049%$2.7M$12.7M50xas long as short
KuCoin FETUSDTM+0.0100%8h0.2020−0.049%$10.5M$18.1M50xas long as short
Variational Omni FET+0.0100%8h0.2020−0.044%$281K$510Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2022+0.049%$36K$11K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended FET-USD+0.0128%1h0.2021+0.001%$37K$203K10xas long as short
MEXC FET_USDT+0.0130%8h0.20210.000%$29.9M$25.0M200xas long as short
Binance FETUSDT+0.0133%8h0.2021+0.024%$30.9M$112.7M75xas long as short
Bitget FETUSDT+0.0165%8h0.20210.000%$16.4M$11.6M75xas long as short
BingX FET-USDTlong+0.0173%8h0.2021long leg$5.9M
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.2020−0.027%$13K100xas long as short
BloFin FET-USDT+0.0251%8h0.2017−0.198%$1.7M$3.2M100xas long as short
OKX FET-USDT-SWAP+0.0311%4h0.2023+0.099%$1.0M$8.0M20xas long as short
Phoenix FET+0.0597%1h0.2024+0.124%$35K$37K5xas long as short
Hyperliquid FET+0.0647%1h0.2022+0.049%$8.5M$8.4M5xas long as short