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

FET

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against KuCoin+0.032%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$720.722% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.099%−$10 on $10k
Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.032%, 7d avg −0.048%
Together, before fees−0.198%+ Points / potential airdropExtended: Active · farm board−$20 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: Extended is 0.080% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin FETUSDTM0.20220.0100pay 0.0100% / 8h2h 25m$10.5M$19.0M50x
ShortExtended FET-USD0.20230.0104get 0.0013% / 1h25m 29s$32K$144K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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
$0.84
Price spread: +0.032% → −0.048%
$8.01
Slippage, 4 orders
−$55.24
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$63.39
Costs to cover
0.722%
Break-even
535.2 days
Slippage from KuCoin: live order book, 3 min ago; Extended: live order book, 60 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 KuCoin live order book, 3 min ago4.98 bp22.8 bp −$2343.0 bp −$430doesn't fitdoesn't fit
Sell Extended live order book, 60 min ago7.67 bp10.2 bp −$1034.4 bp −$344doesn't fitdoesn't fit

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−0.3697%1h0.2019−0.148%$27K$230K10xas long as short
Coinbase International FET-PERP-INTX−0.0480%1h0.20220.000%$161K$189K50xas long as short
Gate FET_USDT−0.0041%8h0.2021−0.049%$2.7M$11.8M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0012%1h0.2021−0.036%$32K150xas long as short
Kraken Futures PF_FETUSD+0.0032%1h0.2023+0.072%$1.0M$2.1M50xas long as short
Aster FETUSDT+0.0100%8h0.2025+0.131%$348K$527K10xas long as short
Binance FETUSDT+0.0100%8h0.2021−0.049%$31.5M$107.2M75xas long as short
OKX FET-USDT-SWAP+0.0100%4h0.2024+0.099%$861K$7.6M20xas long as short
MEXC FET_USDT+0.0100%8h0.2021−0.049%$35.1M$25.3M200xas long as short
KuCoin FETUSDTMlong+0.0100%8h0.2022long leg$10.5M$19.0M50x
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2005−0.820%$271K$315Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2020−0.099%$37K$5K10xas long as short
Extended FET-USDshort+0.0104%1h0.2023+0.032%$32K$144K10x
BingX FET-USDT+0.0169%8h0.2023+0.049%$5.6Mas long as short
Bitget FETUSDT+0.0188%8h0.2024+0.099%$16.5M$11.4M75xas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2019−0.127%$13K100xas long as short
Hyperliquid FET+0.0215%1h0.2024+0.114%$9.1M$7.6M5xas long as short
BloFin FET-USDT+0.0220%8h0.2009−0.643%$1.7M$2.6M100xas long as short
Injective FET/USDC PERP+0.0371%1h0.2030+0.396%$3K$118K12xas long as short
Phoenix FET+0.0476%1h0.2023+0.030%$27K$37K5xas long as short