Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.017%

Price spread now: Gate against gTrade (Gains Network)+0.125%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.125% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FET/USD	0.2036	L +0.0006% / S −0.0004%	pay 0.0001% / 1h	40m 08s	$20K	—	150x
Short	Gate FET_USDT	0.2039	0.0100	get 0.0100% / 8h	7h 40m	$2.8M	$12.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +0.125%Rate

Funding earned: $19.83
Price spread: +0.125% → 0.000%: $12.52
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $7.35
Costs to cover: 0.250%
Break-even: 4.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	2.46 bp	17.9 bp −$18	53.0 bp −$530	93.3 bp −$9,330	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.2197%	1h	0.2038	+0.076%	$42K	$313K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0736%	1h	0.2035	−0.071%	$143K	$272K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0302%	1h	0.2042	+0.248%	$1.0M	$2.0M	50x	as long as short
gTrade (Gains Network) FET/USDlong	L +0.0006% / S −0.0004%	1h	0.2036	long leg	$20K	—	150x
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−1.299%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2040	+0.174%	$189K	$752K	10x	as long as short
Gate FET_USDTshort	+0.0100%	8h	0.2039	+0.125%	$2.8M	$12.1M	50x
KuCoin FETUSDTM	+0.0100%	8h	0.2040	+0.174%	$10.5M	$17.7M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2034	−0.112%	$288K	$555K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2037	+0.027%	$36K	$11K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0115%	8h	0.2042	+0.273%	$16.7M	$11.7M	75x	as long as short
Extended FET-USD	+0.0136%	1h	0.2037	+0.049%	$30K	$202K	10x	as long as short
MEXC FET_USDT	+0.0136%	8h	0.2041	+0.223%	$30.3M	$25.1M	200x	as long as short
Binance FETUSDT	+0.0136%	8h	0.2041	+0.222%	$31.2M	$111.9M	75x	as long as short
BingX FET-USDT	+0.0138%	8h	0.2041	+0.223%	—	$5.9M	—	as long as short
GMX FET/USD [ETH-USDC]	L +0.0202% / S −0.0301%	1h	0.2035	−0.076%	$13K	—	100x	as long as short
OKX FET-USDT-SWAP	+0.0219%	4h	0.2041	+0.223%	$1.0M	$8.0M	20x	as long as short
BloFin FET-USDT	+0.0256%	8h	0.2034	−0.120%	$1.7M	$3.3M	100x	as long as short
Phoenix FET	+0.0594%	1h	0.2037	+0.042%	$35K	$35K	5x	as long as short
Hyperliquid FET	+0.0824%	1h	0.2043	+0.317%	$8.6M	$8.5M	5x	as long as short