FET

Alert

Funding spread now, next payment 15:00 UTC+0.0672%/8h

next payment, per $10,000+$0.84paid, last 24h+0.034%paid, last 3 days+0.092%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 0.092% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.84 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]	0.2033	L +0.0206% / S −0.0362%	pay 0.0026% / 1h	4m 43s	$14K	—	100x
Short	Hyperliquid FET	0.2035	0.0878	get 0.0110% / 1h	4m 43s	$10.0M	$6.3M	5x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersRate

Funding earned: $141.12
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $120.12
Break-even: 1.0 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.079%
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 Hyperliquid live order book, 9 min ago	1.97 bp	9.6 bp −$10	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-PERPETUAL	−0.2205%	1h	$16K	$146K	10x	as long as short
Gate FET_USDT	−0.0031%	8h	$2.8M	$10.7M	50x	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	$41K	10x	as long as short
Aster FETUSDT	+0.0100%	8h	$300K	$443K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.0M	$100.5M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$904K	$7.0M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$35.1M	$19.4M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$10.0M	$14.1M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0100%	8h	$16.4M	$10.9M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$4.7M	—	as long as short
Variational Omni FET	+0.0100%	8h	$289K	$237K	—	as long as short
Extended FET-USD	+0.0104%	1h	$31K	$147K	10x	as long as short
Coinbase International FET-PERP-INTX	+0.0160%	1h	$189K	$191K	50x	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
Kraken Futures PF_FETUSD	+0.0295%	1h	$1.0M	$2.6M	50x	as long as short
Phoenix FET	+0.0386%	1h	$28K	$49K	5x	as long as short
Hyperliquid FETshort	+0.0878%	1h	$10.0M	$6.3M	5x