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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Bitget against BingX0.000%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$540.537% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days+0.042%+$4 · spread now 0.000%, 7d avg +0.022%
Together, before fees+0.038%+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.022% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX FET-USDT0.20040.0193pay 0.0193% / 8h2h 17m$6.0M
ShortBitget FETUSDT0.20040.0194get 0.0194% / 8h2h 17m$16.3M$11.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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
$0.21
Price spread: 0.000% → +0.022%
−$2.24
Slippage, 4 orders
−$31.69
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$55.72
Costs to cover
0.537%
Break-even
1864.5 days
Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 2 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 BingX live order book, 3 min ago5.01 bp12.4 bp −$1217.2 bp −$17294.5 bp −$9,453319.9 bp −$160.0K
Sell Bitget live order book, 2 min ago4.99 bp16.3 bp −$1637.0 bp −$370doesn'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−0.1245%1h0.20040.000%$41K$311K10xas long as short
Coinbase International FET-PERP-INTX−0.1152%1h0.2005+0.050%$150K$261K50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0004%1h0.2002−0.087%$20K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010+0.299%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2005+0.029%$191K$816K10xas long as short
Binance FETUSDT+0.0100%8h0.2002−0.100%$30.5M$114.7M75xas long as short
Gate FET_USDT+0.0100%8h0.2002−0.100%$2.6M$12.8M50xas long as short
MEXC FET_USDT+0.0100%8h0.2002−0.100%$29.6M$25.1M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2003−0.050%$10.5M$18.4M50xas long as short
Variational Omni FET+0.0100%8h0.1991−0.641%$273K$480Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_FET_USDC+0.0100%8h0.20040.000%$38K$7K10xas long as short
Extended FET-USD+0.0104%1h0.2001−0.134%$33K$202K10xas long as short
BingX FET-USDTlong+0.0193%8h0.2004long leg$6.0M
Bitget FETUSDTshort+0.0194%8h0.20040.000%$16.3M$11.9M75x
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.2001−0.127%$13K100xas long as short
BloFin FET-USDT+0.0220%8h0.2001−0.150%$1.7M$3.2M100xas long as short
OKX FET-USDT-SWAP+0.0405%4h0.2003−0.050%$993K$8.2M20xas long as short
Kraken Futures PF_FETUSD+0.0458%1h0.2006+0.083%$1.0M$2.2M50xas long as short
Phoenix FET+0.0649%1h0.2005+0.030%$35K$37K5xas long as short
Hyperliquid FET+0.0808%1h0.2003−0.045%$8.5M$8.4M5xas long as short