Funding arb · Price arb /

FET

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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: Aster against MEXC−0.023%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.023%, 7d avg +0.075%

Together, before fees+0.075%+ Points / potential airdropAster: Stage 5 · farm board+$7 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: Aster is 0.098% cheaper against MEXC than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FET_USDT	0.2042	0.0100	pay 0.0100% / 8h	32m 24s	$34.5M	$25.0M	200x
Short	Aster FETUSDT	0.2042	0.0100	get 0.0100% / 8h	32m 24s	$341K	$543K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.075%: −$9.81
Slippage, 4 orders: −$44.07
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.89
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Aster: live order book, 45 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 MEXC live order book, 1 min ago	2.45 bp	2.4 bp −$2	10.0 bp −$100	52.7 bp −$5,271	193.2 bp −$96.6K
Sell Aster live order book, 45 min ago	9.93 bp	18.8 bp −$19	doesn't fit	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	−0.2678%	1h	0.2043	+0.049%	$28K	$200K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0728%	1h	0.2055	+0.637%	$154K	$204K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0477%	1h	0.2044	+0.099%	$1.0M	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0013%	1h	0.2041	−0.063%	$32K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−1.567%	$3K	$166K	12x	as long as short
Gate FET_USDT	+0.0061%	8h	0.2040	−0.098%	$2.8M	$12.1M	50x	as long as short
Aster FETUSDTshort	+0.0100%	8h	0.2042	−0.023%	$341K	$543K	10x
Binance FETUSDT	+0.0100%	8h	0.2042	0.000%	$31.8M	$108.6M	75x	as long as short
MEXC FET_USDTlong	+0.0100%	8h	0.2042	long leg	$34.5M	$25.0M	200x
KuCoin FETUSDTM	+0.0100%	8h	0.2042	0.000%	$10.6M	$19.1M	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	0.2037	−0.232%	$298K	$339K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2041	−0.049%	$38K	$6K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2041	−0.035%	$33K	$191K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2041	−0.055%	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2044	+0.098%	$1.7M	$2.7M	100x	as long as short
BingX FET-USDT	+0.0311%	8h	0.2043	+0.049%	—	$5.6M	—	as long as short
Bitget FETUSDT	+0.0318%	8h	0.2044	+0.098%	$16.5M	$11.5M	75x	as long as short
OKX FET-USDT-SWAP	+0.0318%	4h	0.2044	+0.098%	$987K	$7.8M	20x	as long as short
Phoenix FET	+0.0508%	1h	0.2041	−0.064%	$36K	$45K	5x	as long as short
Hyperliquid FET	+0.0595%	1h	0.2045	+0.127%	$9.1M	$8.0M	5x	as long as short