Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.047%

Price spread now: BingX against gTrade (Gains Network)−0.074%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.074% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FET/USD	0.1991	L +0.0006% / S −0.0004%	pay 0.0001% / 1h	23m 11s	$20K	—	150x
Short	BingX FET-USDT	0.1990	0.0246	get 0.0246% / 8h	3h 23m	—	$5.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $50.49
Price spread: −0.074% → 0.000%: −$7.43
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $23.06
Costs to cover: 0.200%
Break-even: 3.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 12 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	5.01 bp	10.0 bp −$10	17.7 bp −$177	75.4 bp −$7,538	328.9 bp −$164.4K

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit FET_USDC-PERPETUAL	−0.3255%	1h	0.1990	−0.074%	$38K	$307K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.1192%	1h	0.2005	+0.679%	$148K	$257K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0367%	1h	0.1994	+0.122%	$975K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USDlong	L +0.0006% / S −0.0004%	1h	0.1991	long leg	$20K	—	150x
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+0.930%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.1990	−0.074%	$192K	$808K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.1990	−0.083%	$30.4M	$114.0M	75x	as long as short
Gate FET_USDT	+0.0100%	8h	0.1989	−0.125%	$2.7M	$12.6M	50x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.1988	−0.175%	$29.5M	$24.8M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.1990	−0.074%	$10.3M	$18.6M	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.1999	+0.384%	$274K	$478K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.1991	−0.024%	$37K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.1991	−0.002%	$33K	$253K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.1991	−0.045%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.1993	+0.076%	$1.7M	$3.1M	100x	as long as short
BingX FET-USDTshort	+0.0246%	8h	0.1990	−0.074%	—	$5.9M	—
Bitget FETUSDT	+0.0250%	8h	0.1990	−0.074%	$16.1M	$11.9M	75x	as long as short
OKX FET-USDT-SWAP	+0.0367%	4h	0.1991	−0.024%	$1.0M	$8.1M	20x	as long as short
Phoenix FET	+0.0435%	1h	0.2001	+0.468%	$35K	$38K	5x	as long as short
Hyperliquid FET	+0.0663%	1h	0.1991	−0.044%	$8.5M	$8.4M	5x	as long as short