FET

Alert

Funding spread now, next payment 15:00 UTC+0.1737%/8h

next payment, per $10,000+$2.17paid, last 24h+0.048%paid, last 5 days+0.120%to open and close $10k−$56

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.120% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 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	Extended FET-USD	0.2063	0.0104	pay 0.0013% / 1h	57m 43s	$31K	$151K	10x
Short	Hyperliquid FET	0.2068	0.1841	get 0.0230% / 1h	57m 43s	$10.3M	$6.0M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HyperliquidbpOrdersRate

Funding earned: $364.81
Slippage, 4 orders: −$42.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $308.32
Break-even: 1.1 days

Slippage from Extended: live order book, 12 min ago; Hyperliquid: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.231%
Avg gap 7d: +0.099%

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 Extended live order book, 12 min ago	7.28 bp	15.4 bp −$15	111.4 bp −$1,114	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	$260K	$355K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.7M	$92.2M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$971K	$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-USDlong	+0.0104%	1h	$31K	$151K	10x
Coinbase International FET-PERP-INTX	+0.0160%	1h	$189K	$186K	50x	as long as short
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	+0.1841%	1h	$10.3M	$6.0M	5x