FET

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against MEXC−0.049%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.049%, 7d avg +0.037%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.086% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FET_USDT	0.2037	0.0136	pay 0.0136% / 8h	7h 45m	$30.1M	$25.1M	200x
Short	KuCoin FETUSDTM	0.2036	0.0100	get 0.0100% / 8h	7h 45m	$10.5M	$17.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$7.56
Price spread: −0.049% → +0.037%: −$8.58
Slippage, 4 orders: −$57.7
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$85.84
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 3 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, 4 min ago	2.46 bp	3.5 bp −$4	12.0 bp −$120	62.4 bp −$6,244	188.2 bp −$94.1K
Sell KuCoin live order book, 3 min ago	2.46 bp	36.1 bp −$36	74.3 bp −$743	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	−0.2687%	1h	0.2037	0.000%	$42K	$313K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0736%	1h	0.2040	+0.147%	$144K	$274K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0302%	1h	0.2040	+0.155%	$1.0M	$2.0M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.2037	−0.024%	$20K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−1.325%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2036	−0.049%	$189K	$752K	10x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2036	−0.049%	$2.8M	$12.0M	50x	as long as short
KuCoin FETUSDTMshort	+0.0100%	8h	0.2036	−0.049%	$10.5M	$17.7M	50x
Variational Omni FET	+0.0100%	8h	0.2039	+0.106%	$289K	$555K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2037	0.000%	$36K	$11K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0116%	8h	0.2039	+0.098%	$16.7M	$11.7M	75x	as long as short
BingX FET-USDT	+0.0131%	8h	0.2036	−0.049%	—	$5.9M	—	as long as short
Extended FET-USD	+0.0136%	1h	0.2036	−0.039%	$30K	$203K	10x	as long as short
MEXC FET_USDTlong	+0.0136%	8h	0.2037	long leg	$30.1M	$25.1M	200x
Binance FETUSDT	+0.0137%	8h	0.2037	−0.012%	$31.2M	$111.9M	75x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0202% / S −0.0301%	1h	0.2035	−0.082%	$13K	—	100x	as long as short
OKX FET-USDT-SWAP	+0.0229%	4h	0.2039	+0.098%	$1.0M	$8.0M	20x	as long as short
BloFin FET-USDT	+0.0257%	8h	0.2037	0.000%	$1.7M	$3.3M	100x	as long as short
Phoenix FET	+0.0594%	1h	0.2028	−0.447%	$35K	$35K	5x	as long as short
Hyperliquid FET	+0.0780%	1h	0.2039	+0.083%	$8.6M	$8.5M	5x	as long as short