FET

Alert

Funding spread now, next payment 15:00 UTC−0.0216%/8h

paid, last 24h−0.078%paid, last 5 days−0.297%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix FET	0.2030	0.0316	pay 0.0040% / 1h	5m 51s	$28K	$52K	5x
Short	Binance FETUSDT	0.2030	0.0100	get 0.0100% / 8h	5m 51s	$31.9M	$104.7M	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee BinancebpOrdersRate

Funding earned: −$45.42
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.42
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.020%
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 Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.47 bp	11.9 bp −$12	18.9 bp −$189	126.4 bp −$12.6K	doesn't fit

Phoenix: 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	−0.1717%	1h	$19K	$157K	10x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0024%	1h	$22K	—	150x	as long as short
Gate FET_USDT	+0.0008%	8h	$2.9M	$11.1M	50x	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_USDC	+0.0078%	8h	$38K	$38K	10x	as long as short
Aster FETUSDT	+0.0100%	8h	$346K	$510K	10x	as long as short
Binance FETUSDTshort	+0.0100%	8h	$31.9M	$104.7M	75x
OKX FET-USDT-SWAP	+0.0100%	4h	$867K	$7.1M	20x	as long as short
MEXC FET_USDT	+0.0100%	8h	$35.1M	$20.7M	200x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin FETUSDTM	+0.0100%	8h	$10.4M	$15.9M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.6M	$11.3M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$5.1M	—	as long as short
Variational Omni FET	+0.0100%	8h	$280K	$269K	—	as long as short
Extended FET-USD	+0.0104%	1h	$31K	$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	$2.6M	100x	as long as short
Coinbase International FET-PERP-INTX	+0.0288%	1h	$187K	$194K	50x	as long as short
Phoenix FETlong	+0.0316%	1h	$28K	$52K	5x
Hyperliquid FET	+0.0768%	1h	$10.2M	$6.6M	5x	as long as short