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Price arb /

FET

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Spread before costs (cost unknown: a leg has no order-book sample)+0.506%
7d average+0.012%if it closes, per $10,000$51funding while held, a day+$84.61
Long on DeribitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit FET_USDC-PERPETUAL0.2014−0.2720get 0.0340% / 1h0m 35s$16K$146K10x
ShortVariational Omni FET0.20240.0100get 0.0100% / 8h1h 00m$286K$237K—

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
$50.58
Funding while held
$84.61
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$128.19
Spread needed to break even
0.070%
Slippage unknown: Deribit: live order book, 35 min ago; Variational Omni: RFQ quote, 55 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.2820%
Per $10,000 a day
+$84.61
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, 35 min ago12.13 bp15.6 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 55 min ago9.70 bpdoesn't fit19.4 bp −$194doesn't fitdoesn't fit

FET price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.1740cheapest
Orderly0.2014+15.747%
Deribit0.2014+15.747%
GMX0.2015+15.809%gTrade (Gains Network)0.2016+15.833%Kraken Futures0.2018+15.996%Extended0.2019+16.023%Gate0.2019+16.034%Binance0.2020+16.067%OKX0.2020+16.092%MEXC0.2020+16.092%BingX0.2020+16.092%BloFin0.2020+16.092%KuCoin0.2021+16.149%Aster0.2021+16.167%Bitget0.2022+16.207%Hyperliquid0.2024+16.293%
Variational Omni0.2024+16.333%
Phoenix0.2032+16.793%Coinbase International0.2052+17.931%

FET on 20 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective FET/USDC PERP−13.605%+0.0033%1h$2K$65K12xas long as short
Orderly PERP_FET_USDC0.000%+0.0076%8h$37K$40K10xas long as short
Deribit FET_USDC-PERPETUALlong0.000%−0.2720%1h$16K$146K10x
GMX FET/USD [ETH-USDC]+0.054%L +0.0206% / S −0.0362%1h$14K—100xas long as short
gTrade (Gains Network) FET/USD+0.074%L +0.0005% / S −0.0008%1h$40K—150xas long as short
Kraken Futures PF_FETUSD+0.215%+0.0298%1h$1.0M$2.6M50xas long as short
Extended FET-USD+0.238%+0.0104%1h$30K$147K10xas long as short
Gate FET_USDT+0.248%−0.0029%8h$2.8M$10.7M50xas long as short
Binance FETUSDT+0.276%+0.0100%8h$31.9M$100.9M75xas long as short
OKX FET-USDT-SWAP+0.298%+0.0100%4h$887K$7.0M20xas long as short
Show all 20 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC FET_USDT+0.298%+0.0100%8h$34.7M$19.4M200xas long as short
BingX FET-USDT+0.298%+0.0100%8h—$4.8M—as long as short
BloFin FET-USDT+0.298%+0.0220%8h$1.7M$2.5M100xas long as short
KuCoin FETUSDTM+0.348%+0.0100%8h$10.5M$14.2M50xas long as short
Aster FETUSDT+0.363%+0.0100%8h$298K$443K10xas long as short
Bitget FETUSDT+0.397%+0.0100%8h$16.4M$11.0M75xas long as short
Hyperliquid FET+0.472%+0.0861%1h$10.0M$6.4M5xas long as short
Variational Omni FETshort+0.506%+0.0100%8h$286K$237K—
Phoenix FET+0.904%+0.0386%1h$27K$49K5xas long as short
Coinbase International FET-PERP-INTX+1.887%+0.0160%1h$189K$191K50xas long as short