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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.012%
Price spread now: Gate against Extended+0.003%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$680.676% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.003%, 7d avg −0.025%
Together, before fees+0.011%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.028% dearer against Extended than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.025%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.026% in total) that is about 7.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended FET-USD0.20030.0128pay 0.0016% / 1h8m 31s$37K$203K10x
ShortGate FET_USDT0.20030.0100get 0.0100% / 8h1h 08m$2.6M$12.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$5.88
Price spread: +0.003% → −0.025%
$2.85
Slippage, 4 orders
−$47.59
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$70.62
Costs to cover
0.676%
Break-even
never at this rate
Slippage from Extended: live order book, 33 min ago; Gate: live order book, 5 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, 33 min ago7.51 bp17.1 bp −$17158.2 bp −$1,582doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago2.49 bp16.5 bp −$1751.1 bp −$51195.5 bp −$9,548doesn'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−0.3720%1h0.2007+0.203%$41K$313K10xas long as short
Coinbase International FET-PERP-INTX−0.0688%1h0.2012+0.452%$151K$264K50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0004%1h0.2006+0.173%$20K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010+0.352%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2005+0.112%$187K$817K10xas long as short
Gate FET_USDTshort+0.0100%8h0.2003+0.003%$2.6M$12.9M50x
KuCoin FETUSDTM+0.0100%8h0.2003+0.003%$10.5M$18.3M50xas long as short
Variational Omni FET+0.0100%8h0.2008+0.259%$285K$506Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2006+0.153%$36K$11K10xas long as short
Extended FET-USDlong+0.0128%1h0.2003long leg$37K$203K10x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FET_USDT+0.0130%8h0.2003+0.003%$29.5M$25.2M200xas long as short
Binance FETUSDT+0.0131%8h0.2004+0.045%$30.6M$114.4M75xas long as short
Bitget FETUSDT+0.0193%8h0.2006+0.153%$16.3M$11.8M75xas long as short
BingX FET-USDT+0.0193%8h0.2005+0.103%$5.9Mas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.2006+0.173%$13K100xas long as short
BloFin FET-USDT+0.0250%8h0.2006+0.153%$1.7M$3.2M100xas long as short
OKX FET-USDT-SWAP+0.0400%4h0.2004+0.053%$992K$8.1M20xas long as short
Phoenix FET+0.0635%1h0.2011+0.377%$35K$38K5xas long as short
Kraken Futures PF_FETUSD+0.0647%1h0.2008+0.268%$992K$2.2M50xas long as short
Hyperliquid FET+0.0653%1h0.2006+0.153%$8.4M$8.4M5xas long as short