data as of
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Price arb /

FET

all FET markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$10
spread now+0.354%7d average+0.073%fees + slippage, in and out−$38spread needed0.377%
Long on DeribitShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit FET_USDC-PERPETUAL0.1979−0.1264get 0.0158% / 1h40m 37s$36K$116K10x
ShortHyperliquid FET0.19860.0853get 0.0107% / 1h40m 37s$9.7M$5.3M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$35.37
Funding while held
$63.5
Slippage, 4 orders
−$21.71
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$61.16
Spread needed to break even
0.377%
Slippage from Deribit: live order book, 65 min ago; Hyperliquid: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.2117%
Per $10,000 a day
+$63.50
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 65 min ago7.71 bp11.2 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.25 bp4.8 bp −$57.8 bp −$78doesn't fitdoesn't fit

FET price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1740cheapest
Variational Omni0.1976+13.569%BloFin0.1978+13.678%
Deribit0.1979+13.736%
Orderly0.1980+13.793%GMX0.1981+13.830%Phoenix0.1982+13.891%gTrade (Gains Network)0.1982+13.930%Kraken Futures0.1984+14.001%Aster0.1984+14.016%KuCoin0.1985+14.080%
Hyperliquid0.1986+14.138%
Coinbase International0.1986+14.138%Binance0.1987+14.169%MEXC0.1987+14.195%BingX0.1987+14.195%Extended0.1988+14.243%Gate0.1988+14.253%Bitget0.1989+14.310%OKX0.1990+14.368%

FET on 20 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective FET/USDC PERP−12.077%+0.0033%1h$2K$65K12xas long as short
Variational Omni FET−0.147%+0.0100%8h$275K$138K—as long as short
BloFin FET-USDT−0.051%+0.0220%8h$1.6M$1.8M100xas long as short
Deribit FET_USDC-PERPETUALlong0.000%−0.1264%1h$36K$116K10x
Orderly PERP_FET_USDC+0.051%+0.0076%8h$37K$49K10xas long as short
GMX FET/USD [ETH-USDC]+0.083%L +0.0204% / S −0.0355%1h$13K—100xas long as short
Phoenix FET+0.136%+0.0282%1h$27K$43K5xas long as short
gTrade (Gains Network) FET/USD+0.171%L +0.0005% / S −0.0010%1h$38K—150xas long as short
Kraken Futures PF_FETUSD+0.233%−0.0053%1h$1.0M$2.3M50xas long as short
Aster FETUSDT+0.246%+0.0100%8h$193K$261K10xas long as short
Show all 20 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin FETUSDTM+0.303%+0.0100%8h$9.1M$11.6M50xas long as short
Hyperliquid FETshort+0.354%+0.0853%1h$9.7M$5.3M5x
Coinbase International FET-PERP-INTX+0.354%+0.0088%1h$181K$208K50xas long as short
Binance FETUSDT+0.381%+0.0100%8h$30.3M$83.7M75xas long as short
MEXC FET_USDT+0.404%+0.0100%8h$36.7M$16.0M200xas long as short
BingX FET-USDT+0.404%+0.0100%8h—$4.1M—as long as short
Extended FET-USD+0.446%+0.0104%1h$30K$144K10xas long as short
Gate FET_USDT+0.455%−0.0136%8h$2.6M$8.0M75xas long as short
Bitget FETUSDT+0.505%+0.0100%8h$15.4M$8.8M75xas long as short
OKX FET-USDT-SWAP+0.556%+0.0100%4h$886K$5.4M20xas long as short