FET

Alert

Funding spread now, next payment 16:00 UTC+0.0023%/8h

next payment, per $10,000+$0.23paid, last 24h−0.001%paid, last 3 days+0.013%to open and closeno order book

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_FET_USDC	0.2024	0.0077	pay 0.0077% / 8h	56m 02s	$37K	$40K	10x
Short	Variational Omni FET	0.2024	0.0100	get 0.0100% / 8h	56m 02s	$286K	$237K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersRate

Funding earned: $4.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.09
Break-even: 8.6 days

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 59 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.009%
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 Variational Omni RFQ quote, 59 min ago	9.70 bp	doesn't fit	19.4 bp −$194	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	−0.2214%	1h	$18K	$156K	10x	as long as short
Gate FET_USDT	−0.0031%	8h	$2.8M	$10.6M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0005% / S −0.0008%	1h	$40K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	$2K	$65K	12x	as long as short
Kraken Futures PF_FETUSD	+0.0038%	1h	$1.0M	$2.6M	50x	as long as short
Orderly PERP_FET_USDClong	+0.0077%	8h	$37K	$40K	10x
Aster FETUSDT	+0.0100%	8h	$298K	$443K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$32.0M	$101.3M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$882K	$7.0M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$34.8M	$19.3M	200x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin FETUSDTM	+0.0100%	8h	$10.5M	$14.3M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.5M	$11.0M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$4.8M	—	as long as short
Variational Omni FETshort	+0.0100%	8h	$286K	$237K	—
Extended FET-USD	+0.0104%	1h	$30K	$147K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0206% / S −0.0362%	1h	$14K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	$1.7M	$2.5M	100x	as long as short
Coinbase International FET-PERP-INTX	+0.0288%	1h	$187K	$189K	50x	as long as short
Phoenix FET	+0.0386%	1h	$27K	$52K	5x	as long as short
Hyperliquid FET	+0.0728%	1h	$10.0M	$6.4M	5x	as long as short