FET

Alert

Funding spread now, next payment 18:00 UTC+0.2262%/8h

next payment, per $10,000+$2.83paid, last 24h+0.239%paid, last 4 days−0.567%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.567% in total (about -56.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.83 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	0.2012	−0.2229	get 0.0279% / 1h	22m 48s	$20K	$208K	10x
Short	Injective FET/USDC PERP	0.1740	0.0033	get 0.0004% / 1h	22m 48s	$2K	$43K	12x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee InjectivebpOrdersRate

Funding earned: $475.08
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $468.06
Break-even: 0.1 days

Slippage unknown: Deribit: live order book, 63 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −13.519%
Avg gap 7d: —

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, 63 min ago	12.37 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUALlong	−0.2229%	1h	$20K	$208K	10x
Kraken Futures PF_FETUSD	−0.1150%	1h	$1.1M	$2.2M	50x	as long as short
Gate FET_USDT	−0.0233%	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 PERPshort	+0.0033%	1h	$2K	$43K	12x
Coinbase International FET-PERP-INTX	+0.0048%	1h	$181K	$178K	50x	as long as short
Orderly PERP_FET_USDC	+0.0079%	8h	$37K	$10K	10x	as long as short
Hyperliquid FET	+0.0100%	1h	$9.6M	$7.0M	5x	as long as short
Aster FETUSDT	+0.0100%	8h	$336K	$509K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$31.5M	$103.9M	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	$814K	$7.3M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$35.7M	$22.5M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$10.8M	$16.9M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.2M	$11.1M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$5.1M	—	as long as short
Variational Omni FET	+0.0100%	8h	$278K	$285K	—	as long as short
Extended FET-USD	+0.0104%	1h	$32K	$147K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0204% / S −0.0353%	1h	$13K	—	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