Funding arb · Price arb /

FET

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.017%

Price spread now: Gate against gTrade (Gains Network)−0.025%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 Gate

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. Gate is 0.025% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) FET/USD	0.2001	L +0.0006% / S −0.0004%	pay 0.0001% / 1h	28m 25s	$20K	—	150x
Short	Gate FET_USDT	0.2000	0.0100	get 0.0100% / 8h	3h 28m	$2.7M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: $19.83
Price spread: −0.025% → 0.000%: −$2.55
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.72
Costs to cover: 0.250%
Break-even: 9.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	5.02 bp	17.3 bp −$17	60.0 bp −$600	91.7 bp −$9,174	doesn't fit

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	−0.4228%	1h	0.2001	+0.024%	$38K	$307K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.1192%	1h	0.2005	+0.224%	$148K	$257K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0366%	1h	0.2004	+0.164%	$980K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USDlong	L +0.0006% / S −0.0004%	1h	0.2001	long leg	$20K	—	150x
Injective FET/USDC PERP	+0.0033%	1h	0.2010	+0.474%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2002	+0.098%	$193K	$808K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2000	−0.023%	$30.6M	$113.9M	75x	as long as short
Gate FET_USDTshort	+0.0100%	8h	0.2000	−0.025%	$2.7M	$12.6M	50x
MEXC FET_USDT	+0.0100%	8h	0.2000	−0.025%	$30.3M	$24.7M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2001	+0.024%	$10.4M	$18.7M	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	0.2003	+0.132%	$274K	$478K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2000	−0.025%	$38K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2000	−0.005%	$33K	$253K	10x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0301%	1h	0.2001	+0.001%	$13K	—	100x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2002	+0.074%	$1.7M	$3.1M	100x	as long as short
BingX FET-USDT	+0.0246%	8h	0.2002	+0.074%	—	$5.9M	—	as long as short
Bitget FETUSDT	+0.0256%	8h	0.2002	+0.074%	$16.2M	$11.9M	75x	as long as short
OKX FET-USDT-SWAP	+0.0364%	4h	0.2001	+0.024%	$1.0M	$8.1M	20x	as long as short
Phoenix FET	+0.0435%	1h	0.1996	−0.245%	$35K	$38K	5x	as long as short
Hyperliquid FET	+0.0681%	1h	0.2001	+0.049%	$8.6M	$8.4M	5x	as long as short