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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0486%/8h= −53.2% APRnext payment $0.61 per $10,000 · paid last 24h +0.062%
Price spread now: Coinbase International against gTrade (Gains Network)+0.660%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
The price spread pays, funding is against you. Coinbase International is 0.660% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.660% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) FET/USD0.2004L +0.0006% / S −0.0012%pay 0.0001% / 1h30m 49s$31K150x
ShortCoinbase International FET-PERP-INTX0.2017−0.0480pay 0.0060% / 1h30m 49s$161K$188K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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
−$102.03
Price spread: +0.660% → 0.000%
$65.98
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$56.06
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: live order book, 57 min ago. 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 gTrade (Gains Network) no order-book sample
Sell Coinbase International live order book, 57 min ago9.87 bp52.6 bp −$53doesn't fitdoesn't fitdoesn't fit
gTrade (Gains Network): 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−0.3726%1h0.2004+0.011%$26K$230K10xas long as short
Coinbase International FET-PERP-INTXshort−0.0480%1h0.2017+0.660%$161K$188K50x
Gate FET_USDT−0.0062%8h0.2003−0.039%$2.7M$11.8M50xas long as short
gTrade (Gains Network) FET/USDlongL +0.0006% / S −0.0012%1h0.2004long leg$31K150x
Kraken Futures PF_FETUSD+0.0032%1h0.2009+0.242%$1.0M$2.1M50xas long as short
Aster FETUSDT+0.0100%8h0.2006+0.111%$345K$527K10xas long as short
Binance FETUSDT+0.0100%8h0.2006+0.119%$31.3M$107.2M75xas long as short
OKX FET-USDT-SWAP+0.0100%4h0.2008+0.211%$854K$7.5M20xas long as short
MEXC FET_USDT+0.0100%8h0.2005+0.061%$34.9M$25.3M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2004+0.011%$10.4M$19.0M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2014+0.531%$273K$315Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2003−0.039%$37K$5K10xas long as short
Extended FET-USD+0.0104%1h0.2006+0.103%$32K$144K10xas long as short
BingX FET-USDT+0.0155%8h0.2006+0.111%$5.6Mas long as short
Bitget FETUSDT+0.0162%8h0.2008+0.211%$16.4M$11.4M75xas long as short
Hyperliquid FET+0.0164%1h0.2007+0.161%$9.0M$7.6M5xas long as short
GMX FET/USD [ETH-USDC]L +0.0200% / S −0.0278%1h0.2004−0.014%$13K100xas long as short
BloFin FET-USDT+0.0220%8h0.2004+0.011%$1.7M$2.6M100xas long as short
Injective FET/USDC PERP+0.0371%1h0.2030+1.309%$3K$118K12xas long as short
Phoenix FET+0.0476%1h0.2010+0.295%$27K$37K5xas long as short