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

FET

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.056%
Price spread now: GMX against Extended+0.196%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.196% dearer against Extended than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended FET-USD0.20040.0104pay 0.0013% / 1h52m 54s$33K$189K10x
ShortGMX FET/USD [ETH-USDC]0.2008L +0.0201% / S −0.0278%get 0.0035% / 1h52m 54s$13K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$36.49
Price spread: +0.196% → 0.000%
$19.57
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$39.06
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Extended: live order book, 28 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 Extended live order book, 28 min ago9.17 bp18.0 bp −$18140.9 bp −$1,409doesn'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−0.4703%1h0.2009+0.250%$27K$200K10xas long as short
Coinbase International FET-PERP-INTX−0.0744%1h0.2019+0.749%$158K$191K50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0012%1h0.2009+0.234%$32K150xas long as short
Gate FET_USDT+0.0018%8h0.20040.000%$2.7M$11.8M50xas long as short
Hyperliquid FET+0.0100%1h0.2009+0.225%$8.9M$7.8M5xas long as short
Aster FETUSDT+0.0100%8h0.2007+0.167%$340K$533K10xas long as short
Binance FETUSDT+0.0100%8h0.2004+0.007%$31.3M$107.3M75xas long as short
MEXC FET_USDT+0.0100%8h0.20040.000%$34.6M$25.0M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.20040.000%$10.3M$19.1M50xas long as short
Variational Omni FET+0.0100%8h0.2012+0.416%$273K$316Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_FET_USDC+0.0100%8h0.2008+0.200%$37K$5K10xas long as short
Extended FET-USDlong+0.0104%1h0.2004long leg$33K$189K10x
OKX FET-USDT-SWAP+0.0132%4h0.2007+0.150%$854K$7.5M20xas long as short
GMX FET/USD [ETH-USDC]shortL +0.0201% / S −0.0278%1h0.2008+0.196%$13K100x
BloFin FET-USDT+0.0220%8h0.2008+0.200%$1.7M$2.6M100xas long as short
BingX FET-USDT+0.0247%8h0.2005+0.050%$5.6Mas long as short
Bitget FETUSDT+0.0279%8h0.2006+0.100%$16.3M$11.3M75xas long as short
Kraken Futures PF_FETUSD+0.0360%1h0.2012+0.408%$1.0M$2.2M50xas long as short
Injective FET/USDC PERP+0.0553%1h0.2010+0.300%$3K$166K12xas long as short
Phoenix FET+0.0599%1h0.2015+0.544%$27K$36K5xas long as short