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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0972%/8h= +106.4% APRpaid last 24h +0.035%
Price spread now: Aster against Coinbase International−0.387%7-day average −0.291% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1471.475% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.195%−$20 on $10k
Price spread, last 4 days (all we have)+0.766%+$77 · spread now −0.387%, 7d avg −0.291%
Together, before fees+0.571%+ Points / potential airdropAster: Stage 5 · farm board+$57 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.096% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.387% now, against its 7-day average of −0.291%). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 5 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.195% in total (about -13.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International FET-PERP-INTX0.2068−0.0872get 0.0109% / 1h19m 37s$152K$233K50x
ShortAster FETUSDT0.20600.0100get 0.0100% / 8h5h 19m$216K$771K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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
$204.12
Price spread: −0.387% → −0.291%
−$9.61
Slippage, 4 orders
−$129.48
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
$47.03
Costs to cover
1.475%
Break-even
5.4 days
Slippage from Coinbase International: live order book, 43 min ago; Aster: live order book, 43 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 Coinbase International live order book, 43 min ago7.38 bp56.4 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 43 min ago9.82 bp26.8 bp −$27238.5 bp −$2,385doesn'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−0.3138%1h0.2059−0.435%$39K$294K10xas long as short
Coinbase International FET-PERP-INTXlong−0.0872%1h0.2068long leg$152K$233K50x
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0015%1h0.2061−0.363%$23K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−2.805%$3K$166K12xas long as short
Aster FETUSDTshort+0.0100%8h0.2060−0.387%$216K$771K10x
Binance FETUSDT+0.0100%8h0.2060−0.395%$32.0M$112.2M75xas long as short
Gate FET_USDT+0.0100%8h0.2059−0.435%$2.8M$12.5M50xas long as short
MEXC FET_USDT+0.0100%8h0.2058−0.484%$30.8M$24.3M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2060−0.387%$10.8M$18.8M50xas long as short
Variational Omni FET+0.0100%8h0.2063−0.236%$346K$424Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_FET_USDC+0.0100%8h0.2060−0.387%$39K$7K10xas long as short
Extended FET-USD+0.0104%1h0.2059−0.440%$34K$252K10xas long as short
Kraken Futures PF_FETUSD+0.0113%1h0.2062−0.301%$1.0M$2.2M50xas long as short
GMX FET/USD [ETH-USDC]L +0.0202% / S −0.0278%1h0.2060−0.372%$14K100xas long as short
BloFin FET-USDT+0.0220%8h0.2064−0.193%$1.7M$3.0M100xas long as short
OKX FET-USDT-SWAP+0.0271%4h0.2062−0.290%$1.1M$8.3M20xas long as short
BingX FET-USDT+0.0393%8h0.2060−0.387%$5.9Mas long as short
Bitget FETUSDT+0.0405%8h0.2062−0.290%$16.8M$11.8M75xas long as short
Hyperliquid FET+0.0621%1h0.2060−0.377%$9.0M$8.4M5xas long as short
Phoenix FET+0.0669%1h0.2046−1.044%$36K$39K5xas long as short