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

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: MEXC against Extended−0.026%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.449% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.026%, 7d avg −0.003%
Together, before fees+0.071%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.023% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended FET-USD0.20200.0128pay 0.0016% / 1h0m 44s$37K$200K10x
ShortMEXC FET_USDT0.20190.0128get 0.0128% / 8h0m 44s$29.9M$25.2M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$0
Price spread: −0.026% → −0.003%
−$2.33
Slippage, 4 orders
−$39.93
Fee Extended: 2.5 bp × 2 orders
−$5
Fee MEXC: 0 bp × 2 orders
$0
Net
−$47.26
Costs to cover
0.449%
Break-even
never at this rate
Slippage from Extended: live order book, 35 min ago; MEXC: live order book, 3 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 ago8.71 bp16.8 bp −$17167.1 bp −$1,671doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago2.48 bp5.2 bp −$511.2 bp −$11252.9 bp −$5,288191.2 bp −$95.6K

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−0.3207%1h0.2018−0.076%$42K$313K10xas long as short
Coinbase International FET-PERP-INTX−0.0792%1h0.2021+0.073%$152K$262K50xas long as short
Kraken Futures PF_FETUSD−0.0011%1h0.2021+0.058%$1.0M$2.1M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0004%1h0.2018−0.085%$20K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−0.472%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2019−0.027%$187K$751K10xas long as short
Gate FET_USDT+0.0100%8h0.2018−0.076%$2.7M$12.8M50xas long as short
KuCoin FETUSDTM+0.0100%8h0.2019−0.026%$10.5M$17.8M50xas long as short
Variational Omni FET+0.0100%8h0.2020+0.034%$276K$524Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2018−0.076%$36K$11K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget FETUSDT+0.0116%8h0.2020+0.023%$16.5M$11.7M75xas long as short
Binance FETUSDT+0.0127%8h0.2019−0.023%$30.8M$111.7M75xas long as short
Extended FET-USDlong+0.0128%1h0.2020long leg$37K$200K10x
MEXC FET_USDTshort+0.0128%8h0.2019−0.026%$29.9M$25.2M200x
BingX FET-USDT+0.0132%8h0.2019−0.026%$5.9Mas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.2017−0.108%$13K100xas long as short
OKX FET-USDT-SWAP+0.0226%4h0.2020+0.023%$1.0M$8.0M20xas long as short
BloFin FET-USDT+0.0249%8h0.2021+0.073%$1.7M$3.2M100xas long as short
Phoenix FET+0.0597%1h0.2023+0.192%$35K$37K5xas long as short
Hyperliquid FET+0.0640%1h0.2021+0.063%$8.5M$8.5M5xas long as short