Settings8H · net · $10k
Funding arb · Price arb /

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0142%/8h= −15.6% APRpaid last 24h +0.003%
Price spread now: Bitget against OKX+0.050%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$700.701% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.086%+$9 on $10k
Price spread, last 7 days+0.098%+$10 · spread now +0.050%, 7d avg +0.031%
Together, before fees+0.184%+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX FET-USDT-SWAP0.20180.0276pay 0.0138% / 4h14m 44s$1.0M$8.0M20x
ShortBitget FETUSDT0.20190.0134get 0.0134% / 8h14m 44s$16.5M$11.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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

Funding earned
−$29.86
Price spread: +0.050% → +0.031%
$1.85
Slippage, 4 orders
−$48.09
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$98.09
Costs to cover
0.701%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago2.48 bp17.5 bp −$1760.2 bp −$602doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago2.48 bp11.6 bp −$1232.4 bp −$324doesn't fitdoesn't fit

FET on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.3710%1h0.2012−0.297%$41K$313K10xas long as short
Coinbase International FET-PERP-INTX−0.0792%1h0.2016−0.099%$152K$261K50xas long as short
Kraken Futures PF_FETUSD−0.0011%1h0.2015−0.146%$1.0M$2.1M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0004%1h0.2012−0.320%$20K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−0.396%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.20180.000%$187K$751K10xas long as short
Gate FET_USDT+0.0100%8h0.2017−0.050%$2.7M$12.8M50xas long as short
KuCoin FETUSDTM+0.0100%8h0.2019+0.050%$10.5M$17.8M50xas long as short
Variational Omni FET+0.0100%8h0.2012−0.288%$276K$524Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2012−0.297%$36K$11K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended FET-USD+0.0128%1h0.2018+0.022%$37K$200K10xas long as short
MEXC FET_USDT+0.0129%8h0.20180.000%$29.8M$25.1M200xas long as short
Binance FETUSDT+0.0130%8h0.20180.000%$30.8M$111.7M75xas long as short
Bitget FETUSDTshort+0.0134%8h0.2019+0.050%$16.5M$11.6M75x
BingX FET-USDT+0.0138%8h0.2017−0.050%$5.9Mas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.2011−0.367%$13K100xas long as short
BloFin FET-USDT+0.0250%8h0.2011−0.347%$1.7M$3.2M100xas long as short
OKX FET-USDT-SWAPlong+0.0276%4h0.2018long leg$1.0M$8.0M20x
Phoenix FET+0.0597%1h0.2017−0.064%$35K$37K5xas long as short
Hyperliquid FET+0.0640%1h0.2019+0.050%$8.5M$8.5M5xas long as short