Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: KuCoin against Gate0.000%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days+0.021%+$2 · spread now 0.000%, 7d avg +0.053%

Together, before fees+0.125%+$13 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: KuCoin is 0.053% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FET_USDT	0.2019	0.0100	pay 0.0100% / 8h	4h 02m	$2.7M	$12.6M	50x
Short	KuCoin FETUSDTM	0.2019	0.0100	get 0.0100% / 8h	4h 02m	$10.6M	$18.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.053%: −$5.29
Slippage, 4 orders: −$59.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.23
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 7 min ago.

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 Gate live order book, 2 min ago	2.48 bp	18.9 bp −$19	47.5 bp −$475	64.4 bp −$6,435	doesn't fit
Sell KuCoin live order book, 7 min ago	2.48 bp	21.6 bp −$22	58.6 bp −$586	doesn't fit	doesn't fit

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	−0.3695%	1h	0.2020	+0.050%	$38K	$307K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0984%	1h	0.2018	−0.050%	$145K	$247K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0454%	1h	0.2023	+0.189%	$998K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0011%	1h	0.2019	−0.001%	$33K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−0.446%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2019	−0.015%	$199K	$812K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2021	+0.099%	$31.0M	$113.2M	75x	as long as short
Gate FET_USDTlong	+0.0100%	8h	0.2019	long leg	$2.7M	$12.6M	50x
MEXC FET_USDT	+0.0100%	8h	0.2020	+0.050%	$31.8M	$24.7M	200x	as long as short
KuCoin FETUSDTMshort	+0.0100%	8h	0.2019	0.000%	$10.6M	$18.7M	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2009	−0.488%	$336K	$418K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2018	−0.050%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2020	+0.070%	$33K	$250K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2018	−0.058%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2019	0.000%	$1.7M	$3.1M	100x	as long as short
BingX FET-USDT	+0.0250%	8h	0.2021	+0.099%	—	$5.9M	—	as long as short
OKX FET-USDT-SWAP	+0.0250%	4h	0.2024	+0.248%	$1.0M	$8.2M	20x	as long as short
Bitget FETUSDT	+0.0264%	8h	0.2022	+0.149%	$16.4M	$11.8M	75x	as long as short
Hyperliquid FET	+0.0295%	1h	0.2022	+0.149%	$8.8M	$8.4M	5x	as long as short
Phoenix FET	+0.0505%	1h	0.2013	−0.307%	$35K	$39K	5x	as long as short