FET

Alert

Funding spread now, next payment 18:00 UTC+0.2320%/8h

next payment, per $10,000+$2.90paid, last 24h+0.302%paid, last 5 days−0.437%to open and close $10k−$48

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.437% in total (about -34.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.90 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	Deribit FET_USDC-PERPETUAL	0.2019	−0.2220	get 0.0278% / 1h	38m 00s	$20K	$208K	10x
Short	Hyperliquid FET	0.2022	0.0100	get 0.0013% / 1h	38m 00s	$9.6M	$7.0M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee HyperliquidbpOrdersRate

Funding earned: $487.28
Slippage, 4 orders: −$31.68
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $439.6
Break-even: 0.7 days

Slippage from Deribit: live order book, 47 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.134%
Avg gap 7d: +0.061%

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 Deribit live order book, 47 min ago	12.37 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.24 bp	9.8 bp −$10	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-PERPETUALlong	−0.2220%	1h	$20K	$208K	10x
Kraken Futures PF_FETUSD	−0.1146%	1h	$1.1M	$2.2M	50x	as long as short
Gate FET_USDT	−0.0310%	8h	$2.8M	$11.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0011%	1h	$36K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	$2K	$43K	12x	as long as short
Coinbase International FET-PERP-INTX	+0.0048%	1h	$180K	$178K	50x	as long as short
Orderly PERP_FET_USDC	+0.0079%	8h	$37K	$13K	10x	as long as short
Hyperliquid FETshort	+0.0100%	1h	$9.6M	$7.0M	5x
Aster FETUSDT	+0.0100%	8h	$336K	$511K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$31.6M	$104.2M	75x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX FET-USDT-SWAP	+0.0100%	4h	$815K	$7.3M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$33.6M	$21.5M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$10.7M	$16.7M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.2M	$11.2M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$5.0M	—	as long as short
Variational Omni FET	+0.0100%	8h	$278K	$286K	—	as long as short
Extended FET-USD	+0.0104%	1h	$32K	$147K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0207% / S −0.0375%	1h	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	$1.7M	$2.5M	100x	as long as short
Phoenix FET	+0.0390%	1h	$27K	$53K	5x	as long as short