FET

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1996%/8h= +218.6% APRnext payment +$2.50 per $10,000 · paid last 24h +0.814%

Price spread now: GMX against Deribit−0.124%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.124% cheaper against Deribit than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 5 hours of funding at the current rate (+$60 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit FET_USDC-PERPETUAL	0.2053	−0.1695	get 0.0212% / 1h	25m 05s	$42K	$313K	10x
Short	GMX FET/USD [ETH-USDC]	0.2050	L +0.0202% / S −0.0301%	get 0.0038% / 1h	25m 05s	$13K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.124%Rate

Funding earned: $419.17
Price spread: −0.124% → 0.000%: −$12.42
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $387.75
Costs to cover: 0.190%
Break-even: 0.5 days

Slippage unknown: Deribit: live order book, 8 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 Deribit live order book, 8 min ago	7.37 bp	10.9 bp −$11	doesn't fit	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-PERPETUALlong	−0.1695%	1h	0.2053	long leg	$42K	$313K	10x
Coinbase International FET-PERP-INTX	−0.0736%	1h	0.2051	−0.097%	$142K	$279K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0300%	1h	0.2054	+0.039%	$1.1M	$2.1M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0004%	1h	0.2051	−0.076%	$21K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−2.094%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2052	−0.036%	$187K	$757K	10x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2050	−0.146%	$2.8M	$12.1M	50x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2052	−0.049%	$10.6M	$17.7M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2044	−0.433%	$279K	$565K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2052	−0.049%	$37K	$11K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0105%	8h	0.2054	+0.049%	$16.9M	$11.7M	75x	as long as short
MEXC FET_USDT	+0.0125%	8h	0.2051	−0.097%	$29.2M	$25.3M	200x	as long as short
Binance FETUSDT	+0.0126%	8h	0.2053	−0.023%	$31.3M	$112.4M	75x	as long as short
Extended FET-USD	+0.0128%	1h	0.2051	−0.078%	$30K	$202K	10x	as long as short
BingX FET-USDT	+0.0132%	8h	0.2052	−0.049%	—	$5.9M	—	as long as short
OKX FET-USDT-SWAP	+0.0163%	4h	0.2053	0.000%	$1.0M	$8.1M	20x	as long as short
GMX FET/USD [ETH-USDC]short	L +0.0202% / S −0.0301%	1h	0.2050	−0.124%	$13K	—	100x
BloFin FET-USDT	+0.0246%	8h	0.2054	+0.049%	$1.7M	$3.4M	100x	as long as short
Phoenix FET	+0.0594%	1h	0.2046	−0.351%	$35K	$35K	5x	as long as short
Hyperliquid FET	+0.0752%	1h	0.2054	+0.063%	$8.7M	$8.5M	5x	as long as short