Settings8H · net · $10k
Funding arb · Price arb /

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0737%/8h= −80.7% APRnext payment $0.92 per $10,000 · paid last 24h −0.032%
Price spread now: Coinbase International against Injective+2.289%7-day average +0.920% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.379%−$38 on $10k
Price spread, last 3 days (all we have)−1.490%−$149 · spread now +2.289%, 7d avg +0.920%
Together, before fees−1.869%−$187 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 1.369% dearer against Injective than usual: you sell high and buy low (spread +2.289% now, against its 7-day average of +0.920%): +$137 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 6.2 days. At the pace of the last 7 days (−0.379% in total) that is about 25 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.379% in total (about -19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective FET/USDC PERP0.20100.0033pay 0.0004% / 1h54m 46s$3K$166K12x
ShortCoinbase International FET-PERP-INTX0.2056−0.0704pay 0.0088% / 1h54m 46s$152K$208K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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

Funding earned
−$154.84
Price spread: +2.289% → +0.920%
$136.85
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$28.01
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 18 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Coinbase International live order book, 18 min ago7.34 bp56.3 bp −$56doesn't fitdoesn't fitdoesn't fit
Injective: 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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.2687%1h0.2037+1.343%$29K$202K10xas long as short
Kraken Futures PF_FETUSD−0.1270%1h0.2038+1.369%$998K$2.2M50xas long as short
Coinbase International FET-PERP-INTXshort−0.0704%1h0.2056+2.289%$152K$208K50x
Gate FET_USDT−0.0153%8h0.2037+1.343%$2.8M$11.9M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0013%1h0.2039+1.425%$32K150xas long as short
Injective FET/USDC PERPlong+0.0033%1h0.2010long leg$3K$166K12x
Aster FETUSDT+0.0100%8h0.2039+1.465%$339K$541K10xas long as short
Binance FETUSDT+0.0100%8h0.2038+1.393%$31.8M$109.6M75xas long as short
MEXC FET_USDT+0.0100%8h0.2036+1.294%$34.4M$24.7M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2039+1.443%$10.8M$19.2M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2056+2.300%$361K$399Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2036+1.294%$38K$6K10xas long as short
Extended FET-USD+0.0104%1h0.2039+1.421%$33K$189K10xas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2037+1.344%$14K100xas long as short
BloFin FET-USDT+0.0220%8h0.2039+1.443%$1.7M$2.7M100xas long as short
Hyperliquid FET+0.0251%1h0.2040+1.488%$9.0M$8.0M5xas long as short
BingX FET-USDT+0.0291%8h0.2039+1.443%$5.7Mas long as short
OKX FET-USDT-SWAP+0.0298%4h0.2040+1.493%$999K$7.9M20xas long as short
Bitget FETUSDT+0.0304%8h0.2040+1.493%$16.5M$11.6M75xas long as short
Phoenix FET+0.0508%1h0.2051+2.055%$36K$45K5xas long as short