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

FET

all FET markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.035%
Price spread now: BloFin against Extended+0.021%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$620.622% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.255%+$25 on $10k
Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.021%, 7d avg +0.097%
Together, before fees+0.247%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.077% cheaper against Extended than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.097%). If the spread goes back, that is −$8 on $10k: about 2.2 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended FET-USD0.20310.0104pay 0.0013% / 1h22m 43s$33K$191K10x
ShortBloFin FET-USDT0.20310.0220get 0.0220% / 8h22m 43s$1.7M$2.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$24.36
Price spread: +0.021% → +0.097%
−$7.68
Slippage, 4 orders
−$45.16
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$45.48
Costs to cover
0.622%
Break-even
20.1 days
Slippage from Extended: live order book, 54 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 54 min ago7.66 bp15.5 bp −$16122.0 bp −$1,220doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago4.91 bp10.9 bp −$1118.1 bp −$181110.7 bp −$11.1Kdoesn't fit

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−0.2696%1h0.2031+0.021%$28K$201K10xas long as short
Coinbase International FET-PERP-INTX−0.0728%1h0.2032+0.070%$152K$201K50xas long as short
Kraken Futures PF_FETUSD−0.0480%1h0.2033+0.099%$998K$2.2M50xas long as short
gTrade (Gains Network) FET/USDL +0.0006% / S −0.0013%1h0.2030−0.047%$32K150xas long as short
Injective FET/USDC PERP+0.0033%1h0.2010−1.014%$3K$166K12xas long as short
Gate FET_USDT+0.0047%8h0.2030−0.029%$2.8M$12.1M50xas long as short
Aster FETUSDT+0.0100%8h0.2031+0.008%$337K$543K10xas long as short
Binance FETUSDT+0.0100%8h0.2032+0.048%$31.7M$108.7M75xas long as short
MEXC FET_USDT+0.0100%8h0.2030−0.029%$34.3M$25.0M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2030−0.029%$10.5M$19.1M50xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2035+0.231%$298K$339Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2029−0.078%$38K$6K10xas long as short
Extended FET-USDlong+0.0104%1h0.2031long leg$33K$191K10x
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2029−0.078%$14K100xas long as short
BloFin FET-USDTshort+0.0220%8h0.2031+0.021%$1.7M$2.7M100x
BingX FET-USDT+0.0297%8h0.2031+0.021%$5.7Mas long as short
OKX FET-USDT-SWAP+0.0305%4h0.2034+0.168%$980K$7.8M20xas long as short
Bitget FETUSDT+0.0309%8h0.2033+0.119%$16.4M$11.5M75xas long as short
Hyperliquid FET+0.0484%1h0.2031+0.025%$9.0M$8.0M5xas long as short
Phoenix FET+0.0508%1h0.2038+0.385%$35K$45K5xas long as short