Funding arb · Price arb /

FET

all FET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.098%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.098%, 7d avg −0.034%

Together, before fees−0.020%−$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: MEXC is 0.064% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FETUSDTM	0.2044	0.0100	pay 0.0100% / 8h	42m 38s	$10.6M	$19.1M	50x
Short	MEXC FET_USDT	0.2042	0.0100	get 0.0100% / 8h	42m 38s	$34.5M	$24.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.034%: −$6.4
Slippage, 4 orders: −$46.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$64.56
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; MEXC: live order book, 1 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, 6 min ago	2.43 bp	17.3 bp −$17	35.2 bp −$352	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.44 bp	6.6 bp −$7	9.8 bp −$98	33.5 bp −$3,353	156.1 bp −$78.1K

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	−0.3158%	1h	0.2047	+0.147%	$28K	$200K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0728%	1h	0.2055	+0.538%	$154K	$206K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0476%	1h	0.2048	+0.202%	$1.0M	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0012%	1h	0.2048	+0.192%	$32K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−1.663%	$3K	$166K	12x	as long as short
Gate FET_USDT	+0.0061%	8h	0.2043	−0.049%	$2.8M	$12.0M	50x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2047	+0.163%	$342K	$540K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2046	+0.104%	$32.0M	$108.4M	75x	as long as short
MEXC FET_USDTshort	+0.0100%	8h	0.2042	−0.098%	$34.5M	$24.9M	200x
KuCoin FETUSDTMlong	+0.0100%	8h	0.2044	long leg	$10.6M	$19.1M	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	0.2056	+0.599%	$301K	$339K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2047	+0.147%	$38K	$5K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2044	+0.015%	$34K	$190K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2047	+0.139%	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2046	+0.098%	$1.7M	$2.7M	100x	as long as short
BingX FET-USDT	+0.0318%	8h	0.2044	0.000%	—	$5.6M	—	as long as short
Bitget FETUSDT	+0.0332%	8h	0.2046	+0.098%	$16.5M	$11.4M	75x	as long as short
OKX FET-USDT-SWAP	+0.0336%	4h	0.2047	+0.147%	$991K	$7.9M	20x	as long as short
Phoenix FET	+0.0508%	1h	0.2056	+0.563%	$36K	$45K	5x	as long as short
Hyperliquid FET	+0.0864%	1h	0.2049	+0.225%	$9.0M	$8.0M	5x	as long as short