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

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0365%/8h= −40.0% APRpaid last 24h −0.047%
Price spread now: gTrade (Gains Network) against Bitget−0.194%45s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and gTrade (Gains Network) is 0.194% cheaper against Bitget than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget FETUSDT0.20680.0380pay 0.0380% / 8h5h 10m$16.8M$11.8M75x
ShortgTrade (Gains Network) FET/USD0.2064L +0.0006% / S −0.0015%get 0.0002% / 1h10m 39s$23K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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
−$76.63
Price spread: −0.194% → 0.000%
−$19.39
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$118.02
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 3 min ago; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago2.43 bp17.3 bp −$1735.7 bp −$357doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.2649%1h0.2064−0.193%$39K$294K10xas long as short
Coinbase International FET-PERP-INTX−0.0872%1h0.2065−0.145%$152K$232K50xas long as short
gTrade (Gains Network) FET/USDshortL +0.0006% / S −0.0015%1h0.2064−0.194%$23K150x
Injective FET/USDC PERP+0.0033%1h0.2010−2.805%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2067−0.048%$216K$780K10xas long as short
Binance FETUSDT+0.0100%8h0.2066−0.090%$32.1M$112.2M75xas long as short
Gate FET_USDT+0.0100%8h0.2066−0.097%$2.8M$12.5M50xas long as short
MEXC FET_USDT+0.0100%8h0.2065−0.145%$30.9M$24.3M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2066−0.097%$10.9M$18.8M50xas long as short
Variational Omni FET+0.0100%8h0.2063−0.237%$345K$424Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_FET_USDC+0.0100%8h0.2064−0.193%$39K$7K10xas long as short
Extended FET-USD+0.0104%1h0.2068−0.015%$34K$246K10xas long as short
Kraken Futures PF_FETUSD+0.0113%1h0.2068−0.023%$1.0M$2.2M50xas long as short
GMX FET/USD [ETH-USDC]L +0.0202% / S −0.0278%1h0.2064−0.198%$14K100xas long as short
BloFin FET-USDT+0.0220%8h0.2070+0.097%$1.8M$3.0M100xas long as short
OKX FET-USDT-SWAP+0.0251%4h0.20680.000%$1.1M$8.3M20xas long as short
BingX FET-USDT+0.0372%8h0.20680.000%$6.0Mas long as short
Bitget FETUSDTlong+0.0380%8h0.2068long leg$16.8M$11.8M75x
Hyperliquid FET+0.0491%1h0.2068−0.010%$9.1M$8.4M5xas long as short
Phoenix FET+0.0669%1h0.2058−0.479%$36K$39K5xas long as short