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: MEXC against Gate−0.049%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.049%, 7d avg +0.018%

Together, before fees+0.116%+$12 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 0.067% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FET_USDT	0.2055	0.0100	pay 0.0100% / 8h	7h 41m	$2.8M	$12.0M	50x
Short	MEXC FET_USDT	0.2054	0.0100	get 0.0100% / 8h	7h 41m	$34.6M	$24.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → +0.018%: −$6.71
Slippage, 4 orders: −$26.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$47.83
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 2 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	4.87 bp	18.2 bp −$18	44.6 bp −$446	61.6 bp −$6,159	doesn't fit
Sell MEXC live order book, 2 min ago	2.44 bp	4.7 bp −$5	11.8 bp −$118	56.4 bp −$5,644	203.2 bp −$101.6K

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	−0.2175%	1h	0.2057	+0.097%	$29K	$202K	10x	as long as short
Kraken Futures PF_FETUSD	−0.1257%	1h	0.2059	+0.198%	$1.0M	$2.2M	50x	as long as short
Coinbase International FET-PERP-INTX	−0.0704%	1h	0.2057	+0.097%	$153K	$208K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0013%	1h	0.2055	−0.018%	$32K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−2.190%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2055	+0.003%	$341K	$542K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2055	+0.003%	$32.1M	$109.9M	75x	as long as short
Gate FET_USDTlong	+0.0100%	8h	0.2055	long leg	$2.8M	$12.0M	50x
MEXC FET_USDTshort	+0.0100%	8h	0.2054	−0.049%	$34.6M	$24.8M	200x
KuCoin FETUSDTM	+0.0100%	8h	0.2058	+0.146%	$10.8M	$19.2M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2041	−0.672%	$359K	$399K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2056	+0.049%	$38K	$6K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2055	−0.023%	$36K	$231K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2055	−0.023%	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2052	−0.146%	$1.7M	$2.7M	100x	as long as short
Hyperliquid FET	+0.0286%	1h	0.2058	+0.165%	$9.1M	$8.1M	5x	as long as short
BingX FET-USDT	+0.0287%	8h	0.2055	0.000%	—	$5.7M	—	as long as short
Bitget FETUSDT	+0.0301%	8h	0.2057	+0.097%	$16.6M	$11.5M	75x	as long as short
OKX FET-USDT-SWAP	+0.0307%	4h	0.2059	+0.195%	$1.0M	$8.0M	20x	as long as short
Phoenix FET	+0.0467%	1h	0.2046	−0.457%	$36K	$45K	5x	as long as short