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

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bitget−0.148%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$350.347% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.082%−$8 on $10k
Price spread, last 7 days+0.179%+$18 · spread now −0.148%, 7d avg −0.008%
Together, before fees+0.097%+$10 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: MEXC is 0.140% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget FETUSDT0.20220.0100pay 0.0100% / 8h2h 56m$16.5M$11.4M75x
ShortMEXC FET_USDT0.20190.0100get 0.0100% / 8h2h 56m$36.2M$25.1M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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
Price spread: −0.148% → −0.008%
−$14.04
Slippage, 4 orders
−$22.67
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$48.7
Costs to cover
0.347%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 2 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 Bitget live order book, 2 min ago4.96 bp14.5 bp −$1433.7 bp −$337doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago2.48 bp6.8 bp −$713.6 bp −$13647.3 bp −$4,733166.7 bp −$83.3K

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−0.3208%1h0.2017−0.247%$16K$219K10xas long as short
Coinbase International FET-PERP-INTX−0.0480%1h0.2019−0.148%$161K$189K50xas long as short
Gate FET_USDT−0.0127%8h0.2019−0.148%$2.8M$11.7M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0012%1h0.2019−0.135%$32K150xas long as short
Kraken Futures PF_FETUSD+0.0032%1h0.2021−0.035%$1.1M$2.1M50xas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2015−0.346%$37K$5K10xas long as short
Hyperliquid FET+0.0100%1h0.2021−0.045%$9.0M$7.6M5xas long as short
Aster FETUSDT+0.0100%8h0.2020−0.106%$348K$527K10xas long as short
Binance FETUSDT+0.0100%8h0.2019−0.165%$31.5M$107.2M75xas long as short
OKX FET-USDT-SWAP+0.0100%4h0.2021−0.049%$876K$7.5M20xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FET_USDTshort+0.0100%8h0.2019−0.148%$36.2M$25.1M200x
KuCoin FETUSDTM+0.0100%8h0.2018−0.198%$10.5M$18.9M50xas long as short
Bitget FETUSDTlong+0.0100%8h0.2022long leg$16.5M$11.4M75x
BingX FET-USDT+0.0100%8h0.2021−0.049%$5.6Mas long as short
Variational Omni FET+0.0100%8h0.2014−0.419%$273K$314Kas long as short
Extended FET-USD+0.0104%1h0.2021−0.061%$32K$144K10xas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2011−0.534%$13K100xas long as short
BloFin FET-USDT+0.0220%8h0.2012−0.495%$1.7M$2.6M100xas long as short
Injective FET/USDC PERP+0.0371%1h0.2030+0.396%$3K$118K12xas long as short
Phoenix FET+0.0395%1h0.2013−0.445%$27K$37K5xas long as short