FET

Alert

Funding spread now, next payment 14:00 UTC+0.1746%/8h

next payment, per $10,000+$2.18paid, last 24h−0.035%paid, last 7 days+0.300%to open and closeno order book

Long on Coinbase International Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International FET-PERP-INTX	0.2083	0.0160	pay 0.0020% / 1h	57m 52s	$189K	$186K	50x
Short	Hyperliquid FET	0.2072	0.1906	get 0.0238% / 1h	57m 52s	$10.5M	$5.9M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersRate

Funding earned: $366.62
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $347.62
Break-even: 0.4 days

Slippage unknown: Coinbase International: live order book, 61 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.514%
Avg gap 7d: −0.275%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 61 min ago	10.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	2.91 bp	11.5 bp −$11	doesn't fit	doesn't fit	doesn't fit

FET on 20 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.0234%	1h	$27K	$126K	10x	as long as short
Gate FET_USDT	−0.0059%	8h	$2.8M	$9.0M	75x	as long as short
gTrade (Gains Network) FET/USD	L +0.0005% / S −0.0008%	1h	$41K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	$2K	$65K	12x	as long as short
Orderly PERP_FET_USDC	+0.0076%	8h	$38K	$44K	10x	as long as short
Aster FETUSDT	+0.0100%	8h	$254K	$355K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.7M	$92.1M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$973K	$6.2M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$35.9M	$17.5M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$9.6M	$12.4M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0100%	8h	$16.1M	$9.8M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$4.4M	—	as long as short
Variational Omni FET	+0.0100%	8h	$292K	$168K	—	as long as short
Extended FET-USD	+0.0104%	1h	$31K	$151K	10x	as long as short
Coinbase International FET-PERP-INTXlong	+0.0160%	1h	$189K	$186K	50x
GMX FET/USD [ETH-USDC]	L +0.0206% / S −0.0355%	1h	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	$1.7M	$2.1M	100x	as long as short
Phoenix FET	+0.0282%	1h	$28K	$42K	5x	as long as short
Kraken Futures PF_FETUSD	+0.0290%	1h	$1.1M	$2.5M	50x	as long as short
Hyperliquid FETshort	+0.1906%	1h	$10.5M	$5.9M	5x