FET

Alert

Funding spread now, next payment 16:00 UTC+0.0411%/8h

paid, last 24h+0.085%paid, last 3 days+0.285%to open and closeno order book

Long on Variational Omni Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni FET	0.2026	0.0100	pay 0.0100% / 8h	7h 24m	$282K	$282K	—
Short	Phoenix FET	0.2040	0.0511	get 0.0064% / 1h	24m 42s	$28K	$53K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee PhoenixbpOrdersRate

Funding earned: $86.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $79.38
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.709%
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 Variational Omni RFQ quote, 21 min ago	7.26 bp	doesn't fit	21.8 bp −$218	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	−0.2701%	1h	$20K	$208K	10x	as long as short
Gate FET_USDT	−0.0269%	8h	$2.8M	$11.2M	50x	as long as short
Kraken Futures PF_FETUSD	−0.0246%	1h	$1.0M	$2.5M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0007%	1h	$42K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	$2K	$65K	12x	as long as short
Orderly PERP_FET_USDC	+0.0078%	8h	$37K	$32K	10x	as long as short
Hyperliquid FET	+0.0100%	1h	$9.6M	$7.0M	5x	as long as short
Aster FETUSDT	+0.0100%	8h	$335K	$527K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	$31.8M	$106.4M	75x	as long as short
OKX FET-USDT-SWAP	+0.0100%	4h	$824K	$7.3M	20x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC FET_USDT	+0.0100%	8h	$33.8M	$21.2M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	$10.8M	$16.5M	50x	as long as short
Bitget FETUSDT	+0.0100%	8h	$16.4M	$11.5M	75x	as long as short
BingX FET-USDT	+0.0100%	8h	—	$5.1M	—	as long as short
Variational Omni FETlong	+0.0100%	8h	$282K	$282K	—
Extended FET-USD	+0.0104%	1h	$33K	$148K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0207% / S −0.0375%	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	+0.0280%	1h	$187K	$192K	50x	as long as short
Phoenix FETshort	+0.0511%	1h	$28K	$53K	5x