Funding arb · Price arb /

FET

all FET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.033%

Price spread now: BingX against Gate+0.096%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days−0.159%−$16 · spread now +0.096%, 7d avg +0.013%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.082% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FET_USDT	0.2094	0.0100	pay 0.0100% / 8h	6h 20m	$3.0M	$12.7M	50x
Short	BingX FET-USDT	0.2096	0.0100	get 0.0100% / 8h	6h 20m	—	$5.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $0
Price spread: +0.096% → +0.013%: $8.24
Slippage, 4 orders: −$32.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.51
Costs to cover: 0.578%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 8 min ago.

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 Gate live order book, 2 min ago	4.77 bp	19.3 bp −$19	46.0 bp −$460	60.8 bp −$6,082	doesn't fit
Sell BingX live order book, 8 min ago	4.77 bp	9.8 bp −$10	16.6 bp −$166	62.8 bp −$6,282	385.2 bp −$192.6K

FET on 20 exchanges

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-PERPETUAL	−0.4973%	1h	0.2095	+0.048%	$33K	$333K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0648%	1h	0.2093	−0.048%	$148K	$289K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0017%	1h	0.2096	+0.119%	$1.1M	$1.9M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0003%	1h	0.2097	+0.138%	$10K	—	150x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2095	+0.048%	$165K	$772K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2095	+0.028%	$32.3M	$112.4M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	0.2096	+0.096%	$1.1M	$8.0M	20x	as long as short
Gate FET_USDTlong	+0.0100%	8h	0.2094	long leg	$3.0M	$12.7M	50x
MEXC FET_USDT	+0.0100%	8h	0.2094	0.000%	$30.5M	$26.0M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2096	+0.096%	$11.1M	$17.5M	50x	as long as short

Show all 20 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0100%	8h	0.2096	+0.096%	$16.8M	$12.4M	75x	as long as short
BingX FET-USDTshort	+0.0100%	8h	0.2096	+0.096%	—	$5.7M	—
Variational Omni FET	+0.0100%	8h	0.2096	+0.099%	$314K	$572K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2095	+0.048%	$37K	$11K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2095	+0.042%	$34K	$209K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0199% / S −0.0277%	1h	0.2095	+0.032%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2096	+0.096%	$1.8M	$3.3M	100x	as long as short
Phoenix FET	+0.0453%	1h	0.2099	+0.263%	$36K	$35K	5x	as long as short
Hyperliquid FET	+0.0505%	1h	0.2101	+0.313%	$9.3M	$7.9M	5x	as long as short
Injective FET/USDC PERP	+0.2505%	1h	0.2100	+0.287%	$2K	$166K	12x	as long as short