Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against Orderly−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_FET_USDC	0.2057	0.0100	pay 0.0100% / 8h	5h 33m	$39K	$7K	10x
Short	Aster FETUSDT	0.2057	0.0100	get 0.0100% / 8h	5h 33m	$262K	$772K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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

Position, each leg$Hold fordaysFee OrderlybpFee AsterbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → 0.000%: −$1.98
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.98
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 30 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 30 min ago	9.82 bp	26.8 bp −$27	238.5 bp −$2,385	doesn't fit	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.1690%	1h	0.2058	+0.049%	$30K	$230K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0872%	1h	0.2055	−0.097%	$150K	$228K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0015%	1h	0.2056	−0.027%	$23K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−2.285%	$3K	$166K	12x	as long as short
Aster FETUSDTshort	+0.0100%	8h	0.2057	−0.020%	$262K	$772K	10x
Binance FETUSDT	+0.0100%	8h	0.2050	−0.340%	$31.8M	$111.8M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2055	−0.097%	$2.8M	$12.3M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2055	−0.097%	$30.6M	$24.2M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2059	+0.097%	$10.7M	$18.8M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2038	−0.919%	$341K	$424K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_FET_USDClong	+0.0100%	8h	0.2057	long leg	$39K	$7K	10x
Extended FET-USD	+0.0104%	1h	0.2050	−0.339%	$36K	$252K	10x	as long as short
Kraken Futures PF_FETUSD	+0.0113%	1h	0.2060	+0.160%	$997K	$2.2M	50x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0202% / S −0.0278%	1h	0.2056	−0.034%	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2057	0.000%	$1.7M	$3.0M	100x	as long as short
OKX FET-USDT-SWAP	+0.0274%	4h	0.2050	−0.340%	$1.0M	$8.2M	20x	as long as short
BingX FET-USDT	+0.0389%	8h	0.2057	0.000%	—	$5.9M	—	as long as short
Bitget FETUSDT	+0.0415%	8h	0.2052	−0.243%	$16.7M	$11.8M	75x	as long as short
Phoenix FET	+0.0669%	1h	0.2029	−1.376%	$35K	$39K	5x	as long as short
Hyperliquid FET	+0.0778%	1h	0.2057	+0.024%	$9.1M	$8.4M	5x	as long as short