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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 19:00 UTC−0.0036%/8hpaid last 24h +0.049%
Price spread now: Coinbase International against Variational Omni−0.024%7-day average +0.325% · you buy dearer than you sell
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)+0.359%+$36 on $10k
Price spread, last 3 days (all we have)+0.083%+$8 · spread now −0.024%, 7d avg +0.325%
Together, before fees+0.442%+ Points / potential airdropVariational Omni: Active · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.349% cheaper against Variational Omni than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.325%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.359%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni FET0.20090.0100pay 0.0100% / 8h4h 06m$270K$299K
ShortCoinbase International FET-PERP-INTX0.20090.0064get 0.0008% / 1h6m 48s$180K$137K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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
−$7.56
Price spread: −0.024% → +0.325%
−$34.93
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$52.49
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 26 min ago; Coinbase International: live order book, 25 min ago. 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 Variational Omni RFQ quote, 26 min ago7.53 bpdoesn't fit37.7 bp −$377doesn't fitdoesn't fit
Sell Coinbase International live order book, 25 min ago2.50 bp68.5 bp −$69doesn't fitdoesn't fitdoesn't fit

FET on 20 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−0.2243%1h0.2001−0.422%$16K$219K10xas long as short
Gate FET_USDT−0.0123%8h0.2001−0.422%$2.7M$11.7M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0012%1h0.2000−0.450%$31K150xas long as short
Coinbase International FET-PERP-INTXshort+0.0064%1h0.2009−0.024%$180K$137K50x
Orderly PERP_FET_USDC+0.0080%8h0.2000−0.472%$37K$4K10xas long as short
Hyperliquid FET+0.0100%1h0.2004−0.298%$9.0M$6.9M5xas long as short
Aster FETUSDT+0.0100%8h0.2001−0.401%$340K$519K10xas long as short
Binance FETUSDT+0.0100%8h0.2002−0.360%$31.2M$106.2M75xas long as short
OKX FET-USDT-SWAP+0.0100%4h0.2004−0.273%$844K$7.4M20xas long as short
MEXC FET_USDT+0.0100%8h0.2001−0.422%$36.6M$24.4M200xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin FETUSDTM+0.0100%8h0.2001−0.422%$10.2M$18.2M50xas long as short
Bitget FETUSDT+0.0100%8h0.2005−0.223%$16.3M$11.3M75xas long as short
BingX FET-USDT+0.0100%8h0.2001−0.422%$5.5Mas long as short
Variational Omni FETlong+0.0100%8h0.2009long leg$270K$299K
Extended FET-USD+0.0104%1h0.2002−0.398%$32K$144K10xas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2000−0.454%$13K100xas long as short
BloFin FET-USDT+0.0220%8h0.2003−0.323%$1.7M$2.5M100xas long as short
Phoenix FET+0.0397%1h0.2011+0.075%$27K$54K5xas long as short
Kraken Futures PF_FETUSD+0.0422%1h0.2002−0.362%$1.1M$2.1M50xas long as short
Injective FET/USDC PERP+0.1604%1h0.2000−0.472%$3K$94K12xas long as short