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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.1006%/8h= +110.1% APRnext payment +$1.26 per $10,000 · paid last 24h +0.037%
Price spread now: GMX against Coinbase International+0.052%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and GMX is 0.052% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International FET-PERP-INTX0.2048−0.0728get 0.0091% / 1h57m 53s$153K$205K50x
ShortGMX FET/USD [ETH-USDC]0.2049L +0.0201% / S −0.0278%get 0.0035% / 1h57m 53s$14K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$211.21
Price spread: +0.052% → 0.000%
$5.18
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$194.39
Costs to cover
0.220%
Break-even
0.6 days
Slippage unknown: Coinbase International: live order book, 20 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 20 min ago7.45 bp29.0 bp −$29doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.3153%1h0.2050+0.098%$28K$200K10xas long as short
Coinbase International FET-PERP-INTXlong−0.0728%1h0.2048long leg$153K$205K50x
Kraken Futures PF_FETUSD−0.0475%1h0.2052+0.189%$1.0M$2.2M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0012%1h0.2050+0.089%$32K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−1.855%$3K$166K12xas long as short
Gate FET_USDT+0.0073%8h0.20480.000%$2.8M$12.0M50xas long as short
Aster FETUSDT+0.0100%8h0.2049+0.060%$342K$540K10xas long as short
Binance FETUSDT+0.0100%8h0.2049+0.049%$32.0M$108.0M75xas long as short
MEXC FET_USDT+0.0100%8h0.20480.000%$34.3M$24.7M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2050+0.098%$10.6M$19.1M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2038−0.477%$288K$327Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2049+0.049%$38K$5K10xas long as short
Extended FET-USD+0.0104%1h0.2050+0.076%$34K$190K10xas long as short
GMX FET/USD [ETH-USDC]shortL +0.0201% / S −0.0278%1h0.2049+0.052%$14K100x
BloFin FET-USDT+0.0220%8h0.20480.000%$1.7M$2.7M100xas long as short
OKX FET-USDT-SWAP+0.0270%4h0.2052+0.195%$996K$7.8M20xas long as short
BingX FET-USDT+0.0318%8h0.2050+0.098%$5.6Mas long as short
Bitget FETUSDT+0.0335%8h0.2051+0.146%$16.5M$11.5M75xas long as short
Phoenix FET+0.0599%1h0.2042−0.288%$36K$36K5xas long as short
Hyperliquid FET+0.1030%1h0.2052+0.176%$9.1M$8.0M5xas long as short