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

FET

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.017%
Price spread now: BingX against Extended+0.016%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.526% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.109%+$11 on $10k
Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.016%, 7d avg +0.027%
Together, before fees+0.130%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% 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
LongExtended FET-USD0.20190.0104pay 0.0013% / 1h31m 53s$33K$247K10x
ShortBingX FET-USDT0.20190.0326get 0.0326% / 8h6h 31m$6.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
$46.62
Price spread: +0.016% → +0.027%
−$1.09
Slippage, 4 orders
−$37.64
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$7.11
Costs to cover
0.526%
Break-even
8.1 days
Slippage from Extended: live order book, 35 min ago; BingX: live order book, 8 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 Extended live order book, 35 min ago8.78 bp17.2 bp −$17183.1 bp −$1,831doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago4.99 bp10.0 bp −$1016.3 bp −$16373.5 bp −$7,352333.9 bp −$166.9K

FET on 19 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−0.4676%1h0.2020+0.065%$29K$231K10xas long as short
Coinbase International FET-PERP-INTX−0.0760%1h0.2016−0.133%$147K$216K50xas long as short
Kraken Futures PF_FETUSD−0.0742%1h0.2021+0.117%$985K$2.2M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0015%1h0.2020+0.070%$23K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−0.430%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2020+0.065%$307K$718K10xas long as short
Binance FETUSDT+0.0100%8h0.2019+0.024%$31.2M$112.8M75xas long as short
Gate FET_USDT+0.0100%8h0.2018−0.034%$2.7M$12.3M50xas long as short
MEXC FET_USDT+0.0100%8h0.2018−0.034%$31.7M$25.0M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2020+0.065%$10.6M$19.2M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2011−0.371%$332K$420Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2019+0.016%$38K$7K10xas long as short
Extended FET-USDlong+0.0104%1h0.2019long leg$33K$247K10x
OKX FET-USDT-SWAP+0.0147%4h0.2023+0.214%$990K$8.1M20xas long as short
Hyperliquid FET+0.0189%1h0.2020+0.055%$9.0M$8.3M5xas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2019−0.003%$13K100xas long as short
BingX FET-USDTshort+0.0326%8h0.2019+0.016%$6.0M
Bitget FETUSDT+0.0349%8h0.2021+0.115%$16.3M$11.8M75xas long as short
Phoenix FET+0.0474%1h0.2020+0.055%$35K$43K5xas long as short