FET

Alert

Funding spread now, next payment 16:00 UTC−0.2926%/8h

next payment, per $10,000−$3.66paid, last 24h−0.182%paid, last 3 days+0.612%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.612% in total (about 79.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.66 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	GMX FET/USD [ETH-USDC]	0.2018	L +0.0206% / S −0.0362%	pay 0.0026% / 1h	43m 07s	$14K	—	100x
Short	Deribit FET_USDC-PERPETUAL	0.2014	−0.2720	pay 0.0340% / 1h	43m 07s	$18K	$157K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee DeribitbpOrdersRate

Funding earned: −$614.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$633.45
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 52 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.222%
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 GMX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 52 min ago	12.13 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

GMX: 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-PERPETUALshort	−0.2720%	1h	$18K	$157K	10x
Gate FET_USDT	−0.0028%	8h	$2.8M	$10.7M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0005% / S −0.0011%	1h	$36K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	$2K	$65K	12x	as long as short
Kraken Futures PF_FETUSD	+0.0038%	1h	$1.0M	$2.6M	50x	as long as short
Orderly PERP_FET_USDC	+0.0077%	8h	$37K	$40K	10x	as long as short
Aster FETUSDT	+0.0100%	8h	$295K	$445K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$31.7M	$102.2M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$879K	$6.9M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$34.3M	$19.7M	200x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin FETUSDTM	+0.0100%	8h	$10.3M	$14.8M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.4M	$11.1M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$5.0M	—	as long as short
Variational Omni FET	+0.0100%	8h	$285K	$252K	—	as long as short
Extended FET-USD	+0.0104%	1h	$30K	$147K	10x	as long as short
GMX FET/USD [ETH-USDC]long	L +0.0206% / S −0.0362%	1h	$14K	—	100x
BloFin FET-USDT	+0.0220%	8h	$1.7M	$2.5M	100x	as long as short
Coinbase International FET-PERP-INTX	+0.0288%	1h	$189K	$191K	50x	as long as short
Phoenix FET	+0.0316%	1h	$27K	$52K	5x	as long as short
Hyperliquid FET	+0.0781%	1h	$10.1M	$6.5M	5x	as long as short