FET

Alert

Funding spread now, next payment 16:00 UTC−0.2469%/8h

next payment, per $10,000−$3.09paid, last 24h−0.225%paid, last 5 days+0.513%to open and close $10k−$36

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.513% in total (about 40.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.09 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	Hyperliquid FET	0.2029	0.0747	pay 0.0093% / 1h	15m 16s	$10.1M	$6.6M	5x
Short	Deribit FET_USDC-PERPETUAL	0.2025	−0.1721	pay 0.0215% / 1h	15m 16s	$18K	$157K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee DeribitbpOrdersRate

Funding earned: −$518.39
Slippage, 4 orders: −$20.48
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$554.88
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Deribit: live order book, 15 min ago.

Price risk

price view

Price gap now: −0.181%
Avg gap 7d: −0.066%

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 Hyperliquid live order book, 9 min ago	2.47 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	5.02 bp	8.5 bp −$9	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-PERPETUALshort	−0.1721%	1h	$18K	$157K	10x
Gate FET_USDT	−0.0002%	8h	$2.8M	$11.0M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / 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	+0.0078%	8h	$37K	$38K	10x	as long as short
Aster FETUSDT	+0.0100%	8h	$346K	$509K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$31.8M	$104.4M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$861K	$7.1M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$34.8M	$20.7M	200x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin FETUSDTM	+0.0100%	8h	$10.1M	$15.7M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.6M	$11.3M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$5.0M	—	as long as short
Variational Omni FET	+0.0100%	8h	$280K	$269K	—	as long as short
Extended FET-USD	+0.0104%	1h	$30K	$147K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0206% / S −0.0362%	1h	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	$1.7M	$2.6M	100x	as long as short
Coinbase International FET-PERP-INTX	+0.0288%	1h	$189K	$193K	50x	as long as short
Phoenix FET	+0.0316%	1h	$27K	$52K	5x	as long as short
Hyperliquid FETlong	+0.0747%	1h	$10.1M	$6.6M	5x