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 0.000%

Price spread now: Binance against MEXC+0.060%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.060%, 7d avg +0.023%

Together, before fees−0.091%−$9 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: Binance is 0.037% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FET_USDT	0.1987	0.0100	pay 0.0100% / 8h	3h 11m	$30.0M	$24.9M	200x
Short	Binance FETUSDT	0.1988	0.0100	get 0.0100% / 8h	3h 11m	$30.3M	$113.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.023%: $3.68
Slippage, 4 orders: −$25.16
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.48
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Binance: 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 MEXC live order book, 2 min ago	5.01 bp	5.0 bp −$5	7.9 bp −$79	63.4 bp −$6,340	205.5 bp −$102.8K
Sell Binance live order book, 1 min ago	2.51 bp	14.2 bp −$14	24.2 bp −$242	98.4 bp −$9,840	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	−0.4259%	1h	0.1987	0.000%	$38K	$297K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.1192%	1h	0.2001	+0.705%	$148K	$257K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0368%	1h	0.1989	+0.082%	$974K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.1987	−0.015%	$20K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+1.158%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.1988	+0.072%	$192K	$808K	10x	as long as short
Binance FETUSDTshort	+0.0100%	8h	0.1988	+0.060%	$30.3M	$113.9M	75x
Gate FET_USDT	+0.0100%	8h	0.1986	−0.050%	$2.6M	$12.6M	50x	as long as short
MEXC FET_USDTlong	+0.0100%	8h	0.1987	long leg	$30.0M	$24.9M	200x
KuCoin FETUSDTM	+0.0100%	8h	0.1987	0.000%	$10.3M	$18.6M	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	0.1996	+0.461%	$273K	$478K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.1986	−0.050%	$37K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.1986	−0.028%	$33K	$204K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.1986	−0.060%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.1993	+0.302%	$1.7M	$3.1M	100x	as long as short
BingX FET-USDT	+0.0232%	8h	0.1987	0.000%	—	$5.9M	—	as long as short
Bitget FETUSDT	+0.0240%	8h	0.1988	+0.050%	$16.2M	$11.9M	75x	as long as short
OKX FET-USDT-SWAP	+0.0389%	4h	0.1989	+0.101%	$1.0M	$8.1M	20x	as long as short
Phoenix FET	+0.0435%	1h	0.1996	+0.428%	$35K	$38K	5x	as long as short
Hyperliquid FET	+0.0669%	1h	0.1989	+0.106%	$8.5M	$8.4M	5x	as long as short