FET

Alert

Funding spread now, next payment 17:00 UTC+0.2736%/8h

paid, last 24h+0.182%paid, last 5 days−0.669%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.669% in total (about -52.4% a year). A funding rate is set anew for every payment. 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	0.2057	−0.2658	get 0.0332% / 1h	4m 25s	$20K	$208K	10x
Short	Orderly PERP_FET_USDC	0.2055	0.0078	get 0.0078% / 8h	7h 04m	$38K	$24K	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee OrderlybpOrdersRate

Funding earned: $574.64
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $561.64
Break-even: 0.2 days

Slippage unknown: Deribit: live order book, 21 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.097%
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, 21 min ago	12.37 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.2658%	1h	$20K	$208K	10x
Kraken Futures PF_FETUSD	−0.0242%	1h	$1.1M	$2.3M	50x	as long as short
Gate FET_USDT	−0.0096%	8h	$2.9M	$11.3M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0011%	1h	$37K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	$2K	$65K	12x	as long as short
Orderly PERP_FET_USDCshort	+0.0078%	8h	$38K	$24K	10x
Hyperliquid FET	+0.0100%	1h	$9.8M	$7.0M	5x	as long as short
Aster FETUSDT	+0.0100%	8h	$343K	$528K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.2M	$105.1M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$834K	$7.4M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC FET_USDT	+0.0100%	8h	$35.1M	$21.8M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$11.0M	$16.5M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.6M	$11.4M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$5.0M	—	as long as short
Variational Omni FET	+0.0100%	8h	$283K	$284K	—	as long as short
Extended FET-USD	+0.0104%	1h	$33K	$146K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0208% / S −0.0375%	1h	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	$1.7M	$2.6M	100x	as long as short
Coinbase International FET-PERP-INTX	+0.0280%	1h	$184K	$186K	50x	as long as short
Phoenix FET	+0.0511%	1h	$28K	$53K	5x	as long as short