FET

Alert

Funding spread now, next payment 15:00 UTC−0.1081%/8h

paid, last 24h−0.059%paid, last 7 days−0.181%to open and close $10k−$35

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.5% a year). A funding rate is set anew for every payment. 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	0.2041	0.1181	pay 0.0148% / 1h	50m 52s	$10.1M	$6.1M	5x
Short	MEXC FET_USDT	0.2035	0.0100	get 0.0100% / 8h	1h 50m	$33.9M	$18.1M	200x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee MEXCbpOrdersRate

Funding earned: −$226.92
Slippage, 4 orders: −$26.08
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$261.99
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; MEXC: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.270%
Avg gap 7d: −0.078%

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, 3 min ago	4.92 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.45 bp	2.5 bp −$2	8.7 bp −$87	56.7 bp −$5,667	180.6 bp −$90.3K

FET on 20 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.0732%	1h	$18K	$136K	10x	as long as short
Gate FET_USDT	−0.0067%	8h	$2.7M	$9.5M	75x	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	$43K	10x	as long as short
Aster FETUSDT	+0.0100%	8h	$257K	$387K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.2M	$94.8M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$918K	$6.3M	20x	as long as short
MEXC FET_USDTshort	+0.0100%	8h	$33.9M	$18.1M	200x
KuCoin FETUSDTM	+0.0100%	8h	$10.2M	$13.0M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0100%	8h	$15.8M	$10.0M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$4.4M	—	as long as short
Variational Omni FET	+0.0100%	8h	$281K	$183K	—	as long as short
Extended FET-USD	+0.0104%	1h	$31K	$151K	10x	as long as short
Coinbase International FET-PERP-INTX	+0.0160%	1h	$188K	$185K	50x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0206% / S −0.0355%	1h	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	$1.8M	$2.5M	100x	as long as short
Kraken Futures PF_FETUSD	+0.0295%	1h	$1.0M	$2.5M	50x	as long as short
Phoenix FET	+0.0386%	1h	$28K	$49K	5x	as long as short
Hyperliquid FETlong	+0.1181%	1h	$10.1M	$6.1M	5x