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

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.063%
Price spread now: gTrade (Gains Network) against BloFin−0.131%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.131% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin FET-USDT0.20230.0220pay 0.0220% / 8h2h 03m$1.7M$3.2M100x
ShortgTrade (Gains Network) FET/USD0.2020L +0.0006% / S −0.0004%get 0.0000% / 1h3m 00s$20K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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
−$45.42
Price spread: −0.131% → 0.000%
−$13.1
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$80.52
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. 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 BloFin live order book, 5 min ago4.96 bp15.9 bp −$1624.2 bp −$24292.5 bp −$9,246doesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit FET_USDC-PERPETUAL−0.1231%1h0.20230.000%$41K$312K10xas long as short
Coinbase International FET-PERP-INTX−0.1152%1h0.20230.000%$152K$265K50xas long as short
gTrade (Gains Network) FET/USDshortL +0.0006% / S −0.0004%1h0.2020−0.131%$20K150x
Injective FET/USDC PERP+0.0033%1h0.2010−0.643%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2020−0.152%$192K$817K10xas long as short
Binance FETUSDT+0.0100%8h0.2022−0.049%$30.8M$115.0M75xas long as short
Gate FET_USDT+0.0100%8h0.2021−0.099%$2.7M$12.9M50xas long as short
MEXC FET_USDT+0.0100%8h0.2021−0.099%$30.2M$25.3M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2022−0.049%$10.6M$18.4M50xas long as short
Variational Omni FET+0.0100%8h0.2025+0.106%$287K$491Kas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_FET_USDC+0.0100%8h0.2021−0.099%$38K$7K10xas long as short
Extended FET-USD+0.0104%1h0.2022−0.048%$33K$202K10xas long as short
BingX FET-USDT+0.0196%8h0.20230.000%$6.0Mas long as short
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0301%1h0.2019−0.175%$13K100xas long as short
Bitget FETUSDT+0.0205%8h0.2024+0.049%$16.5M$11.9M75xas long as short
BloFin FET-USDTlong+0.0220%8h0.2023long leg$1.7M$3.2M100x
Kraken Futures PF_FETUSD+0.0454%1h0.2025+0.106%$1.0M$2.2M50xas long as short
OKX FET-USDT-SWAP+0.0461%4h0.2022−0.049%$1.0M$8.3M20xas long as short
Phoenix FET+0.0649%1h0.2026+0.124%$35K$37K5xas long as short
Hyperliquid FET+0.0801%1h0.2024+0.049%$8.6M$8.4M5xas long as short