Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against MEXC+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.034% dearer against MEXC than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FET_USDT	0.2035	0.0100	pay 0.0100% / 8h	5h 36m	$30.4M	$24.2M	200x
Short	gTrade (Gains Network) FET/USD	0.2036	L +0.0006% / S −0.0015%	get 0.0002% / 1h	36m 25s	$23K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.034%Rate

Funding earned: −$17.83
Price spread: +0.034% → 0.000%: $3.44
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$24.39
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	2.47 bp	2.5 bp −$2	8.0 bp −$80	69.6 bp −$6,956	211.9 bp −$105.9K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3673%	1h	0.2031	−0.197%	$30K	$230K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0872%	1h	0.2033	−0.098%	$149K	$221K	50x	as long as short
gTrade (Gains Network) FET/USDshort	L +0.0006% / S −0.0015%	1h	0.2036	+0.034%	$23K	—	150x
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−1.229%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2033	−0.098%	$259K	$720K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2039	+0.173%	$31.6M	$111.4M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2034	−0.049%	$2.8M	$12.2M	50x	as long as short
MEXC FET_USDTlong	+0.0100%	8h	0.2035	long leg	$30.4M	$24.2M	200x
KuCoin FETUSDTM	+0.0100%	8h	0.2035	0.000%	$10.6M	$18.8M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2026	−0.437%	$339K	$424K	—	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	0.2036	+0.049%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2034	−0.025%	$35K	$252K	10x	as long as short
Kraken Futures PF_FETUSD	+0.0115%	1h	0.2031	−0.208%	$984K	$2.2M	50x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0202% / S −0.0278%	1h	0.2036	+0.029%	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2032	−0.147%	$1.7M	$2.9M	100x	as long as short
OKX FET-USDT-SWAP	+0.0267%	4h	0.2039	+0.197%	$1.0M	$8.1M	20x	as long as short
BingX FET-USDT	+0.0389%	8h	0.2038	+0.147%	—	$5.9M	—	as long as short
Bitget FETUSDT	+0.0413%	8h	0.2036	+0.049%	$16.5M	$11.7M	75x	as long as short
Phoenix FET	+0.0669%	1h	0.2029	−0.310%	$35K	$39K	5x	as long as short
Hyperliquid FET	+0.0782%	1h	0.2037	+0.123%	$9.0M	$8.4M	5x	as long as short