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

FHE

all FHE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.123%
Price spread now: Bybit against Gate+0.045%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$848as in the Funding arb table
Net, price: spread back to 7d avg − costs−$864as in the Price arb table
costs, in and out, $10k−$8658.652% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.176%+$18 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.045%, 7d avg +0.033%
Together, before fees+0.106%+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate FHE_USDT0.022020.0100pay 0.0100% / 8h2h 00m$609K$74K10x
ShortBybit FHEUSDT0.022030.0100get 0.0050% / 4h2h 00m$1.5M$511K13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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
$0
Price spread: +0.045% → +0.033%
$1.25
Slippage, 4 orders
−$839.21
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$863.96
Costs to cover
8.652%
Break-even
never at this rate
Slippage from Gate: live order book, 45 min ago; Bybit: live order book, 5 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 Gate live order book, 45 min ago9.01 bp260.8 bp −$261doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago6.80 bp103.4 bp −$103805.7 bp −$8,057doesn't fitdoesn't fit

FHE on 8 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
Bybit FHEUSDTshort+0.0100%4h0.02203+0.045%$1.5M$511K13x
Gate FHE_USDTlong+0.0100%8h0.02202long leg$609K$74K10x
Aster FHEUSDT+0.0717%4h0.02204+0.099%$17K$2K5xas long as short
KuCoin FHEUSDTM+0.0938%4h0.02205+0.136%$649K$9.0M10xas long as short
BingX FHE-USDT+0.0980%4h0.022020.000%$6.5Mas long as short
MEXC FHE_USDT+0.1036%4h0.02206+0.182%$867K$318K50xas long as short
Extended FHE-USD+0.1048%1h0.02206+0.193%$2K$199K5xas long as short
Binance FHEUSDT+0.1048%4h0.02206+0.182%$2.9M$1.5M10xas long as short