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: Gate against KuCoin−0.101%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on KuCoin Short on Gate

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+0.080%+$8 · spread now −0.101%, 7d avg −0.053%

Together, before fees−0.025%−$2 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: Gate is 0.048% cheaper against KuCoin 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	KuCoin FETUSDTM	0.1981	0.0100	pay 0.0100% / 8h	2h 38m	$10.3M	$18.5M	50x
Short	Gate FET_USDT	0.1979	0.0100	get 0.0100% / 8h	2h 38m	$2.6M	$12.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.053%: −$4.75
Slippage, 4 orders: −$53.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.55
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 5 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 KuCoin live order book, 5 min ago	2.51 bp	24.3 bp −$24	78.1 bp −$781	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.52 bp	15.8 bp −$16	54.5 bp −$545	84.2 bp −$8,418	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	−0.3774%	1h	0.1980	−0.050%	$38K	$298K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.1152%	1h	0.1981	0.000%	$148K	$257K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.1980	−0.060%	$20K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+1.464%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.1982	+0.034%	$190K	$809K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.1982	+0.028%	$30.2M	$114.7M	75x	as long as short
Gate FET_USDTshort	+0.0100%	8h	0.1979	−0.101%	$2.6M	$12.7M	50x
MEXC FET_USDT	+0.0100%	8h	0.1980	−0.050%	$29.6M	$25.0M	200x	as long as short
KuCoin FETUSDTMlong	+0.0100%	8h	0.1981	long leg	$10.3M	$18.5M	50x
Variational Omni FET	+0.0100%	8h	0.1985	+0.211%	$273K	$479K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_FET_USDC	+0.0100%	8h	0.1980	−0.050%	$37K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.1981	+0.008%	$33K	$198K	10x	as long as short
BingX FET-USDT	+0.0199%	8h	0.1981	0.000%	—	$6.0M	—	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.1980	−0.073%	$13K	—	100x	as long as short
Bitget FETUSDT	+0.0203%	8h	0.1981	0.000%	$16.0M	$11.9M	75x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.1979	−0.101%	$1.7M	$3.2M	100x	as long as short
OKX FET-USDT-SWAP	+0.0355%	4h	0.1980	−0.050%	$972K	$8.1M	20x	as long as short
Kraken Futures PF_FETUSD	+0.0464%	1h	0.1981	+0.018%	$964K	$2.2M	50x	as long as short
Phoenix FET	+0.0649%	1h	0.1984	+0.177%	$34K	$37K	5x	as long as short
Hyperliquid FET	+0.0864%	1h	0.1981	+0.010%	$8.4M	$8.4M	5x	as long as short