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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.024%
Price spread now: gTrade (Gains Network) against Orderly+0.001%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_FET_USDC0.20260.0100pay 0.0100% / 8h6h 19m$38K$7K10x
ShortgTrade (Gains Network) FET/USD0.2026L +0.0006% / S −0.0015%get 0.0002% / 1h19m 27s$23K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$17.83
Price spread: +0.001% → 0.000%
$0.15
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$33.68
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): no order-book sample. 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 Orderly no order-book sample
Sell gTrade (Gains Network) no order-book sample
Orderly and gTrade (Gains Network): 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 19 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−0.4664%1h0.2025−0.049%$30K$231K10xas long as short
Coinbase International FET-PERP-INTX−0.0760%1h0.2032+0.296%$148K$218K50xas long as short
Kraken Futures PF_FETUSD−0.0740%1h0.2027+0.051%$988K$2.2M50xas long as short
gTrade (Gains Network) FET/USDshortL +0.0006% / S −0.0015%1h0.2026+0.001%$23K150x
Injective FET/USDC PERP+0.0033%1h0.2010−0.790%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2027+0.052%$260K$718K10xas long as short
Binance FETUSDT+0.0100%8h0.2028+0.083%$31.4M$112.1M75xas long as short
Gate FET_USDT+0.0100%8h0.20260.000%$2.7M$12.4M50xas long as short
MEXC FET_USDT+0.0100%8h0.2027+0.049%$31.7M$25.1M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2027+0.049%$10.6M$19.1M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2030+0.204%$335K$420Kas long as short
Orderly PERP_FET_USDClong+0.0100%8h0.2026long leg$38K$7K10x
Extended FET-USD+0.0104%1h0.2025−0.027%$33K$247K10xas long as short
OKX FET-USDT-SWAP+0.0164%4h0.2031+0.247%$1.0M$8.1M20xas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2024−0.111%$14K100xas long as short
Hyperliquid FET+0.0281%1h0.2030+0.183%$9.0M$8.3M5xas long as short
BingX FET-USDT+0.0347%8h0.2027+0.049%$6.0Mas long as short
Bitget FETUSDT+0.0367%8h0.2028+0.099%$16.4M$11.8M75xas long as short
Phoenix FET+0.0474%1h0.2031+0.271%$35K$43K5xas long as short