FET

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3720%/8h= −407.4% APRnext payment −$4.65 per $10,000 · paid last 24h −0.571%

Price spread now: Deribit against gTrade (Gains Network)+0.114%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Deribit is 0.114% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.114% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$112 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FET/USD	0.2008	L +0.0006% / S −0.0011%	pay 0.0001% / 1h	46m 16s	$33K	—	150x
Short	Deribit FET_USDC-PERPETUAL	0.2010	−0.3714	pay 0.0464% / 1h	46m 16s	$38K	$307K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$781.29
Price spread: +0.114% → 0.000%: $11.36
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$786.93
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 7 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Deribit live order book, 7 min ago	2.47 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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-PERPETUALshort	−0.3714%	1h	0.2010	+0.114%	$38K	$307K	10x
Coinbase International FET-PERP-INTX	−0.1192%	1h	0.2009	+0.064%	$145K	$253K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0364%	1h	0.2013	+0.261%	$992K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USDlong	L +0.0006% / S −0.0011%	1h	0.2008	long leg	$33K	—	150x
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+0.114%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2007	−0.047%	$193K	$811K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2010	+0.114%	$30.8M	$113.4M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2007	−0.036%	$2.7M	$12.5M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2010	+0.114%	$31.2M	$24.5M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2010	+0.114%	$10.6M	$18.7M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2019	+0.569%	$278K	$477K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2008	+0.014%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2009	+0.085%	$33K	$253K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2007	−0.031%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2006	−0.086%	$1.7M	$3.1M	100x	as long as short
BingX FET-USDT	+0.0239%	8h	0.2010	+0.114%	—	$5.9M	—	as long as short
Bitget FETUSDT	+0.0256%	8h	0.2011	+0.163%	$16.3M	$11.9M	75x	as long as short
OKX FET-USDT-SWAP	+0.0296%	4h	0.2011	+0.163%	$1.0M	$8.1M	20x	as long as short
Phoenix FET	+0.0435%	1h	0.2016	+0.412%	$35K	$38K	5x	as long as short
Hyperliquid FET	+0.0631%	1h	0.2010	+0.129%	$8.7M	$8.5M	5x	as long as short