FET

Alert

Funding spread now, next payment 15:00 UTC+0.1213%/8h

paid, last 24h+0.048%paid, last 5 days+0.172%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.172% in total (about 13.7% 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	Orderly PERP_FET_USDC	0.2040	0.0076	pay 0.0076% / 8h	1h 54m	$38K	$44K	10x
Short	Hyperliquid FET	0.2046	0.1289	get 0.0161% / 1h	54m 31s	$10.1M	$6.0M	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee HyperliquidbpOrdersRate

Funding earned: $254.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $239.73
Break-even: 0.4 days

Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.314%
Avg gap 7d: —

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 Orderly no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	2.91 bp	11.5 bp −$11	doesn't fit	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.1212%	1h	$27K	$126K	10x	as long as short
Gate FET_USDT	−0.0058%	8h	$2.7M	$9.2M	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_USDClong	+0.0076%	8h	$38K	$44K	10x
Aster FETUSDT	+0.0100%	8h	$257K	$355K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.3M	$93.2M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$946K	$6.2M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$34.8M	$17.8M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$10.1M	$12.8M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget FETUSDT	+0.0100%	8h	$15.9M	$9.8M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$4.4M	—	as long as short
Variational Omni FET	+0.0100%	8h	$296K	$177K	—	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	$189K	$186K	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	$1.7M	$2.1M	100x	as long as short
Kraken Futures PF_FETUSD	+0.0293%	1h	$1.0M	$2.5M	50x	as long as short
Phoenix FET	+0.0386%	1h	$28K	$49K	5x	as long as short
Hyperliquid FETshort	+0.1289%	1h	$10.1M	$6.0M	5x