Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.057%

Price spread now: GMX against Aster+0.104%7-day average — · you sell dearer than you buy

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

Long on Aster Short on GMX

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.104% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster FETUSDT	0.1996	0.0100	pay 0.0100% / 8h	2h 10m	$341K	$532K	10x
Short	GMX FET/USD [ETH-USDC]	0.1998	L +0.0200% / S −0.0278%	get 0.0035% / 1h	10m 59s	$13K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $37.33
Price spread: +0.104% → 0.000%: $10.4
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $27.73
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: Aster: live order book, 12 min ago; GMX: 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 Aster live order book, 12 min ago	12.38 bp	33.4 bp −$33	364.6 bp −$3,646	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.5720%	1h	0.1998	+0.110%	$26K	$209K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0480%	1h	0.2022	+1.313%	$161K	$188K	50x	as long as short
Gate FET_USDT	−0.0021%	8h	0.1993	−0.140%	$2.7M	$11.9M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0012%	1h	0.1999	+0.150%	$31K	—	150x	as long as short
Kraken Futures PF_FETUSD	+0.0032%	1h	0.2002	+0.334%	$1.0M	$2.1M	50x	as long as short
Aster FETUSDTlong	+0.0100%	8h	0.1996	long leg	$341K	$532K	10x
Binance FETUSDT	+0.0100%	8h	0.1996	−0.002%	$31.2M	$107.2M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	0.1999	+0.161%	$850K	$7.5M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.1994	−0.090%	$34.5M	$25.4M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.1996	+0.010%	$10.3M	$19.1M	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	0.2016	+1.033%	$273K	$315K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.1997	+0.060%	$37K	$5K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.1995	−0.046%	$32K	$145K	10x	as long as short
GMX FET/USD [ETH-USDC]short	L +0.0200% / S −0.0278%	1h	0.1998	+0.104%	$13K	—	100x
BingX FET-USDT	+0.0207%	8h	0.1996	+0.010%	—	$5.6M	—	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2001	+0.261%	$1.7M	$2.6M	100x	as long as short
Bitget FETUSDT	+0.0223%	8h	0.1999	+0.161%	$16.3M	$11.4M	75x	as long as short
Hyperliquid FET	+0.0224%	1h	0.1997	+0.075%	$8.9M	$7.8M	5x	as long as short
Injective FET/USDC PERP	+0.0371%	1h	0.2010	+0.712%	$3K	$166K	12x	as long as short
Phoenix FET	+0.0476%	1h	0.2010	+0.722%	$27K	$37K	5x	as long as short