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

FET

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0181%/8h= +19.9% APRpaid last 24h +0.038%
Price spread now: OKX against gTrade (Gains Network)+0.221%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.221% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) FET/USD0.2024L +0.0006% / S −0.0015%pay 0.0001% / 1h15m 42s$23K150x
ShortOKX FET-USDT-SWAP0.20280.0188get 0.0094% / 4h2h 15m$1.0M$8.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$38.1
Price spread: +0.221% → 0.000%
$22.09
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$40.19
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell OKX live order book, 2 min ago2.46 bp20.2 bp −$2066.0 bp −$660doesn't fitdoesn'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 19 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−0.4664%1h0.2025+0.073%$30K$231K10xas long as short
Coinbase International FET-PERP-INTX−0.0760%1h0.2026+0.122%$147K$218K50xas long as short
Kraken Futures PF_FETUSD−0.0740%1h0.2027+0.182%$989K$2.2M50xas long as short
gTrade (Gains Network) FET/USDlongL +0.0006% / S −0.0015%1h0.2024long leg$23K150x
Injective FET/USDC PERP+0.0033%1h0.2010−0.669%$3K$166K12xas long as short
Aster FETUSDT+0.0100%8h0.2026+0.122%$259K$719K10xas long as short
Binance FETUSDT+0.0100%8h0.2027+0.167%$31.4M$112.3M75xas long as short
Gate FET_USDT+0.0100%8h0.2024+0.023%$2.7M$12.4M50xas long as short
MEXC FET_USDT+0.0100%8h0.2025+0.073%$31.0M$25.2M200xas long as short
KuCoin FETUSDTM+0.0100%8h0.2027+0.171%$10.6M$19.1M50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni FET+0.0100%8h0.2026+0.128%$335K$420Kas long as short
Orderly PERP_FET_USDC+0.0100%8h0.2024+0.023%$38K$7K10xas long as short
Extended FET-USD+0.0104%1h0.2025+0.096%$33K$250K10xas long as short
OKX FET-USDT-SWAPshort+0.0188%4h0.2028+0.221%$1.0M$8.1M20x
GMX FET/USD [ETH-USDC]L +0.0201% / S −0.0278%1h0.2024+0.002%$14K100xas long as short
Hyperliquid FET+0.0326%1h0.2028+0.231%$9.0M$8.3M5xas long as short
BingX FET-USDT+0.0349%8h0.2029+0.270%$6.0Mas long as short
Bitget FETUSDT+0.0368%8h0.2028+0.221%$16.4M$11.8M75xas long as short
Phoenix FET+0.0474%1h0.2031+0.394%$35K$43K5xas long as short