Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Aster+0.069%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.069%, 7d avg −0.019%

Together, before fees−0.106%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.089% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster FETUSDT	0.2014	0.0100	pay 0.0100% / 8h	4h 20m	$200K	$805K	10x
Short	KuCoin FETUSDTM	0.2015	0.0100	get 0.0100% / 8h	4h 20m	$10.6M	$18.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → −0.019%: $8.86
Slippage, 4 orders: −$74.9
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$86.04
Costs to cover: 0.949%
Break-even: never at this rate

Slippage from Aster: live order book, 37 min ago; KuCoin: live order book, 4 min ago.

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 Aster live order book, 37 min ago	12.21 bp	16.2 bp −$16	177.2 bp −$1,772	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.48 bp	24.2 bp −$24	64.1 bp −$641	doesn't fit	doesn't fit

FET on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.3706%	1h	0.2014	+0.020%	$38K	$307K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0984%	1h	0.2017	+0.169%	$146K	$239K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0456%	1h	0.2017	+0.169%	$995K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0011%	1h	0.2014	+0.041%	$33K	—	150x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−0.179%	$3K	$166K	12x	as long as short
Aster FETUSDTlong	+0.0100%	8h	0.2014	long leg	$200K	$805K	10x
Binance FETUSDT	+0.0100%	8h	0.2014	+0.020%	$30.8M	$113.9M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.2014	+0.020%	$2.7M	$12.5M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2015	+0.069%	$31.3M	$24.7M	200x	as long as short
KuCoin FETUSDTMshort	+0.0100%	8h	0.2015	+0.069%	$10.6M	$18.9M	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2015	+0.076%	$337K	$418K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2013	−0.030%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2014	+0.041%	$33K	$252K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2013	−0.034%	$13K	—	100x	as long as short
Hyperliquid FET	+0.0202%	1h	0.2016	+0.124%	$8.8M	$8.4M	5x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2017	+0.169%	$1.7M	$3.1M	100x	as long as short
OKX FET-USDT-SWAP	+0.0229%	4h	0.2016	+0.119%	$1.0M	$8.2M	20x	as long as short
BingX FET-USDT	+0.0276%	8h	0.2014	+0.020%	—	$6.0M	—	as long as short
Bitget FETUSDT	+0.0285%	8h	0.2017	+0.169%	$16.3M	$11.9M	75x	as long as short
Phoenix FET	+0.0505%	1h	0.2022	+0.412%	$35K	$39K	5x	as long as short